Egypt’s PM urges Arab co-operation
Mostafa Madbouly, Egypt's Prime Minister, represented President Abdel Fattah El-Sisi at the annual joint meetings…
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financial
U.S. consumer finance agency official sues to halt Trump appointment
The deputy director of the U.S. Consumer Financial Protection Bureau filed a lawsuit seeking to halt…
Egypt’s Pharos Holding eyes 7.5bn pounds agreements in 18 months
Egypt’s Pharos Holding investment bank is targeting deals worth 7.5 billion Egyptian pounds ($427.84 million) in…
Egypt’s economy: outlook and challenges in the eyes of global financial institutions
After several years marked by turbulence and uncertainty, Egypt’s economy encountered numerous challenges, from…
Foreign investments in Egypt hit $6.8b in FY2015-16: Ministry
The net volume of foreign investments in Egypt rose by 7.2 percent in financial year 2015-16 to US$6.84 billion…
E-services will take Egypt a step forward towards financial inclusion: Fawry CEO
The adaptation of digital services is a key strategy to realise the Egyptian government’s plan to achieve financial…
Qarun Petroleum: $257m-investments to drill 12 wells during Egypt’s FY2016/17
Egypt-based Qarun Petroleum Company approved Thursday new investments of US$257 million among its budget for…
Nile Consumer Complexes eyes sales of $63m in Egypt’s FY2016/17
Egypt-based Nile Consumer Complexes Company targets attaining sales volume of 1.1 billion Egyptian pounds (U$63…
Telecom Egypt’s Q3 profits surpass investment banks’ expectations by 11.9%
Financial results of Telecom Egypt (TE) during the third quarter (Q3) of 2016 have surpassed average expectations…
Petroleum product subsidies to hit $5bn in Egypt’s FY2016-17 budget
The total volume of Egyptian subsidy on petroleum products is set to be raised to around 64 billion Egyptian pounds…
Egypt Post secures $190.9 million surplus in FY2016-17
The Egyptian postal authority, Egypt Post has achieved a financial surplus worth 1.41 billion Egyptian pounds…
Egypt plans raising investments by 19% in FY2017/18 : Qabil
The Egyptian Cabinet plans raising investments in Egyptian market by 19 percent during financial year 2017-18,…
Alibaba payments arm Ant Financial ‘closer to IPO’ but still no timeline
Alibaba affiliate Ant Financial, which runs the Alipay payments service, is "closer to an initial public offering "…
Samsung offers financial incentives to stem Note 7 bleeding
Samsung Electronics on Thursday offered financial incentives for customers in South Korea who exchange Galaxy Note…
Financial leasing is a key strategy to enhance Egypt’s economic growth
The Egyptian government has to rejuvenate its financial and monetary policies in the face of the unstable economic…
Savings Fund deposits jump 14% in FY2015-16: Egypt’s CAPMAS
Deposits in savings fund of Egypt's Postal Authority reached 100.6 billion Egyptian pounds (US$11.3 billion) in…
Japan stocks to mark first fall in five years in 2016: Reuters poll
Japanese stocks are set for an annual drop in 2016, ending a four-year 'Abenomics' rally, as corporate earnings are…
Money paid to Egypt was ‘a donation, not financial settlement’: Hussein Salem
Egyptian business tycoon Hussein Salem's family argues that his payment of billions of pounds to the government in…
Egyptian Al-Ahram Consumer Complexes to inject $7.3mn in FY2016-17
Egypt's Al Ahram for Consumer Complexes Company targets injecting investments of 65 million Egyptian pounds (US$7.3…
Wall Street rises as hawkish Fed boosts financial stocks
Wall Street rose on Monday morning, helped by financial stocks that gained a day after Federal Reserve Chair Janet…
BOJ may apply ‘fintech’ to its operations in future: Kuroda
Bank of Japan Governor Haruhiko Kuroda said the central bank may apply financial technology, or "fintech," to its…
Red Sea Ports attains revenues of 1.2bn Egyptian pounds in FY2015-16
Egyptian Red Sea Ports Authority (RSPA) attained revenues estimated at 1.2 billion Egyptian pounds (US$135.1…
Wall Street little changed; Wal-Mart up after results
Wall Street was little changed in early trading on Thursday as the impact of a rise in oil prices and strong…
Japan exports fall at fastest pace since financial crisis on strong yen
Japan's exports tumbled in July at the fastest pace since the global financial crisis with a resurgent yen and…
Orascom Development incurs losses of $18mn in Q2
Egypt's premier new home and touristic real estate developers, Orascom Development Holding turned a 168 million…
Egypt’s New Avenue, Premiere Holding sign cooperation protocol to implement projects
Egyptian real estate marketing company New Avenue Real Estate and Premiere Holding for financial service have…
Nikkei falls to 3-week low on yen; financials hit hardest
The Nikkei share average fell to a three-week low on Wednesday on the yen's gains, while financial shares were…
Typhoon Nida shuts Hong Kong, more than 150 flights canceled
Typhoon Nida swept through Hong Kong on Tuesday, shutting down most of the financial hub and disrupting hundreds of…
UK, China regulators discuss framework for financial projects
British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial…
Egypt’s Paradigm Invest concludes 3 deals in favour of Arab investors
Paradigm Invest Financial Consultation, an economic consulting firm, will conclude three new deals in the Egyptian…
Etisalat Egypt posts H1 revenues of AED 2.22 billion
Etisalat Egypt, a subsidiary of UAE telecom operator Etisalat, has announced financial results of the first half of…
E-finance begins automating agricultural holdings documents
e-finance, a company that specialises in operating financial facilities, began implementing the system to automate…
Executed investments in Egypt hit $10bn in Q3 of FY2015/16- planning ministry
The total volume of investments executed in Egyptian market during the third quarter of fiscal year 2015-16 rose by…
Banking sector must have access to foreign cash via EGX: EFSA
Egypt’s current crisis of low foreign currency reserves requires that the banking sector has direct access to…
Yahoo reports weakresults as sale looms
Yahoo Inc's quarterly earnings fell short of Wall Street expectations on Monday in what may be the company's last…
High-end real estate buyers will shift from London to the US
Brexit has a myriad of impacts on the global economy, one of them was a huge hit to the UK’s financial sector.…
QNB Group net profit increases by 12 %
QNB Group, the leading bank in the Middle East and Africa (MEA) region, announced its results for the six months…
Citibank to close Venezuela government accounts
Venezuela's President Nicolas Maduro said on Monday that Citibank NA C.UL, planned to shut his government's foreign…
Orange, Vodafone, Etisalat to discuss 4G terms with Egypt watchdog today
Representatives of the three mobile operators Vodafone, Orange and Etisalat are meeting Monday with Egypt’s…
Egypt’s ten-month automotive imports reached $4bn
Egyptian automotive imports hiked by 35 percent during the first ten months of fiscal year 2015-16, recent reports…