News
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Egypt's GB Auto Q1 net profit falls to 47.15 mln Egyptian pounds
GB Auto is the Egyptian distributor of tuk-tuks and motorbikes made by India's Bajaj.
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Bosnia Herzegovina's Vispak espresso coffee sent to the market of Egypt
With the opening of the new market, the number of countries to which Vispak exports increased to 26 in total.
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Egypt issues $1.302 bn in USD denominated t-bills at avg yield of 2.643 pct
The minimum yield was 2.6 percent and the maximum yield was 2.65 percent.
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UAE provides EGP11bn to finance 50,000 residential properties
Project to be finalised by July, according to head of Executive Body for Social Housing
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Egypt's Amer Group posts jump in Q1 profit
Amer has diversified businesses in the primary and secondary homes market, as well as hotels, shopping malls and restaurants.
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Mehleb visits France for economic cooperation discussions
Prime Minister’s first official visit to France tackled mutual interests.
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Wheat consumption drops 23% after new bread subsidy system: Minister
Egypt launched a new subsidy system last year to reduce state spending on wheat.
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Goodyear celebrates 10 years in Egypt, offers new tyres
Egyptian market consumes 5m tyres per year, says regional General Manager.
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Egypt's annual core, urban inflation slow in April
Inflation accelerated in Egypt after the government slashed subsidies in July, pushing up fuel prices as much as 78 percent.
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No access to subsidised fuel without smart cards: Official
The new system regulating fuel consumption will be enforced in mid-June.
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Technical studies for Cypriot gas imports to be finished by June
Private sector may participate in deal, Gas Utility Regulatory Authority will issue importing licences.
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Egypt planning to rebuild 'Lighthouse of Alexandria'
Alongside the Mausoleum and Halicarnassus and the Great Pyramid of Giza, the Lighthouse was one of the longest surviving Ancient World Wonders.
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Top Egypt medical firm sees London IPO 11 times oversubscribed
IDH is the largest fully-integrated private-sector medical diagnostic services provider in Egypt.
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World Bank to present mortgage system plans in Egypt
Bank participates in social housing programme providing $500m towards 1m housing units for low-income citizens.
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Faisal Islamic Bank’s volume of business increases 10%
Meanwhile the bank’s net profits reached EGP 196.97m in the first quarter of 2015, compared to EGP 172.3m during the same period in 2014.
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London Stock Exchange welcomes Egypt’s Integrated Diagnostics Holdings
IDHC becomes first Egyptian healthcare company to complete a UK offering, second listing by an Egyptian company in London this year, third healthcare company from the MENA region to list in London.
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Banque Misr approves EGP400m for SMEs
The official further noted that the bank is currently studying funding a further 15 clients in the SME sector with EGP 100m.
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Egypt to issue 1-year T-bill worth $1.250 bln: cbank statement
The auction deadline is May 11, 2015 and the issue date is May 12.
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How Egypt is Becoming the Creative Hub of the Arab World
Ahead of the massive two-day Creative Industry summit Cairo Scene to some of the most high-profile and highly-anticipated speakers at the unique event.
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Monti (ICE), new mission with Calenda in July
Italy is optimistic after Sharm Italy economic summit.