Egypt records highest primary surplus in 5m
Egypt achieved a primary surplus of approximately 170 billion Egyptian pounds during the first five months of the…
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fiscal year
Egypt’s tax revenues surpass 38% growth rate
Egypt's Minister of Finance, Mohamed Maait, announced on Monday that Egypt saw a growth in tax revenues of 38 per…
Egypt to see higher rise in budget deficit than previously expected: Deputy finance…
Egypt’s fiscal year 2017/18 budget deficit is expected to record 9.4 percent of GDP, up from a projected 9.1…
Vodafone achieves H1 pre-tax profit of €214 million in Egypt
Vodafone, the world’s second biggest mobile operator, says pre-tax profits in Egypt have reached 4 billion Egyptian…
Budget deficit hit 5% in H1 of FY 2016/2017 – FinMin
Egypt’s budget deficit declined to 5% in the first half of the FY 2016/2017, down from 6.2 per cent in the same…
Khalda Petroleum cuts cost of oil produced from Apache concession to $4.5/barrel
Khalda Petroleum Company has reduced the cost of oil produced from the Apache concession area in the western desert…
Shell lowers investments in Egypt’s Borollos, Rasheed concessions to $159m
Royal Dutch Shell reduced its investments for the current fiscal year (FY) in Borollos and Rasheed concessions to…
Oil subsidies spending drop 23%, hit $6bn in FY2015-16: Egypt’s EGPC
The total volume of spending on Egypt's oil subsidies dropped 23 percent in financial year 2015-16, Chairman of…
Egypt will invite bidders to develop 40 life-endangered slums in FY 2016/2017
Egypt’s Informal Settlements Development Fund (ISDF) is set to put out developing 40 risky slums to tender for the…
Total executed investments in Egypt reach $19bn in H1 2016
The volume of total executed investments in Egypt hit around 172 billion Egyptian pounds (US$19 billion) during the…
Egypt to build 150,000 affordable homes in FY2016-17: Minister
Egypt’s Ministry of Housing is set to increase the number of affordable homes to 400,000 by implementing additional…
Egypt’s budget deficit up to 4.9% in Jul-Nov on debt service, subsidies
Egypt's budget deficit edged up to 4.9 percent of the GDP in the first five months of the current fiscal year,…
Misr Real Estate Assets’ revenues hit $16.2m in FY 2015/16
Misr Real Estate Assets’ revenues registered 127.5 million Egyptian pounds (US$16.2 million) in the first half of…
Egypt’s Electrostar injects $13mn to boost capacity
Egypt's Electrostar For Engineering Industries company is to pump investments worth 100 million Egyptian pounds…
Tokio Marine Egypt eyes $11mn premiums by end-June
Tokio Marine Egypt General Takaful eyes boosting premiums volume by 56.4 percent during the fiscal year 2015-16 to…
Misr Life Insurance premiums grow 3% in four months
The volume Egypt's Misr Life Insurance Company direct premiums has increased by 3 percent during the first quarter…
Egypt eyes implementing $52bn-investments, reaching 5.5% growth rate
The Egyptian government aims at executing investments worth 418 billion Egyptian pounds (US$52 billion) within…
Egypt’s Agricultural Credit Bank eyes $31mn profits in FY 2015-16
Egypt's Principal Bank for Development and Agricultural Credit (PBDAC) targets achieving profits worth 200-250…
Misr Life Insurance’s Q1 premiums grow 2%
Egypt’s Misr Life Insurance has registered a Y-o-Y growth of 2 percent in premiums to record 578.3 million Egyptian…
Delta Insurance Company assets hit $128mn end June 2015
The total assets of Delta Insurance Company have been increased by 9.6% at the end of fiscal year 2014-15,…
Toshiba likely to post Net Loss for last Fiscal Year: Nikkei
Toshiba Corp is expected to report a net loss for the last fiscal year and also revise down its fiscal 2011/12…
Misr Insurance attains $600mln Premiums in FY 2014-15
Misr Insurance Company - Non-life obtained premiums worth EGP 4.701 billion(US$600 million) within the fiscal…
Arab Misr Insurance’s Investment Portfolio hit $67mln end June
Arab Misr Insurance Group's (GIG) investment portfolio reached 522.7 million Egyptian pounds (US$66.7 million) at…
Misr Chemical Industries attains $37mln Net Profits in a year
Misr Chemical Industries (MICH) posted net profits of EGP 37.344 million opposed to EGP34.567 million a year…
Egyptian Takaful Property eyes $63mln-investments by end 2016
The Egyptian Takaful Insurance Company (Property) targets achieving investments worth 490 million Egyptian pounds…
Banque Misr sees $459mln-Net Profits end FY2014/15
Egypt's second largest state-run bank, Banque Misr (BM) is looking forward to registering a one billion Egyptian…
SoftBank posts 9 % drop in full-year profit, skips forecast
SoftBank Corp reported on Monday a 9 percent fall in profit for the fiscal year just ended, hurt by the absence of…
Egypt’s growth reaches six per cent in H1
Egypt’s economic indicators are good and growth rates have increased to about six per cent during the first half…
GIG Insurance: Total Investments hit EGP475 million at December-end
Egypt’s Arab Misr Insurance Group (GIG) has registered total investments of EGP 475.4 million (US$62.6 million) by…
Suez Canal Life Insurance achieves EGP142 million premiums in 6 Months
Suez Canal Life Insurance Company has realised EGP 142 million premiums (around US$ 19.7 million) during the first…
Oil price drop to save Egypt LE30bn in energy subsidies, minister says
The global drop in oil prices will save Egypt a third of its fuel subsidy bill in the current fiscal year, the…
Nile Pharma to Launch 6 New Drugs This Fiscal Year
Egypt's Nile Company for Pharmaceuticals and Chemical Industries (Nile Pharma) plans to launch and register 6 news…
Egypt C.Bank Records EGP23.8bn Net Profit at End-July
Egypt’s Central Bank (CBE) registered a net profit worth 23.8 billion Egyptian pounds (US$ 3.3 billion) during…
Arafa Records $7.1 million Net Profit in 9 Months
Egypt’s Arafa for Investment and Consultancies (AIVC.CA) reported 9-month consolidated net profit of US$7.184…
C.Bank: Suez Canal Registers US$5.37bn Revenues in FY13/14
A report issued from the Central Bank of Egypt (CBE) revealed that Suez Canal revenues surged by 6.7% (US$337.3…
Egypt to Borrow EGP79.5bln from Local Market before Sept-End: Ministry
Egyptian Finance Ministry said the government is aiming to borrow EGP79.5 billion from the local market…
Egyptian Takaful Life Attains EGP233mln Premiums at June
Managing Director of Egyptian Takaful Company (Life) Hisham Abdel Shakour said his company succeeded in attaining…
CIS-Egypt Attains EGP53 Million Premiums in FY13/14
Managing Director of Cooperative Insurance Society (CIS) Refky Lotfy Rashed revealed that CIS's initial…
Egypt Allocates $29.7 billion for Wages in New Budget – Minister
Egypt’s Finance Ministry plans to allocate nearly EGP 207 billion (US$29.7 billion) from the state’s new draft…
CBE to Raise T-bills worth EGP5.5 bln Today
On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt will be offering today 91- and 273-day…