Business
Egyptian tycoon Sawiris seeks to control group owning banks in 12 African countries
May 21, 2018
Egyptian tycoon Sawiris seeks to control group owning banks in 12 African countries
Beltone Financial, one of Egypt’s largest investment banks affiliated with business tycoon Naguib Sawiris, said on Sunday that the…
Financial experts opine about decline in pound rate against US dollar
May 18, 2018
Financial experts opine about decline in pound rate against US dollar
The average official exchange rate of the US dollar against the Egyptian pound in the Central Bank of Egypt (CBE)…
Oil hits $80, highest since Nov 2014, on Iran concerns
May 17, 2018
Oil hits $80, highest since Nov 2014, on Iran concerns
Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports…
US dollar price increases significantly Wednesday
May 16, 2018
US dollar price increases significantly Wednesday
The US dollar exchange rate witnessed a notable increase against the Egyptian pound on Wednesday reaching an average of…
Egypt’s banks working hours to end at 1:30 pm in Ramadan: CBE
May 15, 2018
Egypt’s banks working hours to end at 1:30 pm in Ramadan: CBE
The Central Bank of Egypt (CBE) stated on Tuesday that the bank’s working hours during Ramadan will start at 9:30…
Egyptian businessman selected as among global list of 100 young leaders under 40
May 13, 2018
Egyptian businessman selected as among global list of 100 young leaders under 40
The World Economic Forum (WEF) has selected Riad Armanious, the Chief Executive Officer (CEO) of EVA Pharma as among the…
Egypt sovereign credit rating upgraded to B: S&P global ranking
May 12, 2018
Egypt sovereign credit rating upgraded to B: S&P global ranking
Standard & Poor’s (S&P) global ranking lifted Egypt sovereign credit rating to B from B-, citing the country’s progress of…
Egypt takes another step to become self-sufficient with natural gas by the end of 2018
May 11, 2018
Egypt takes another step to become self-sufficient with natural gas by the end of 2018
Italian gas company Eni announced it has begun operating its third production unit in Zohr gas field. The move will…
Egypt approves USD$ 105 mn exploration agreement with Eni, Tharwa in Mediterranean
May 11, 2018
Egypt approves USD$ 105 mn exploration agreement with Eni, Tharwa in Mediterranean
Egypt approved a USD $105 million exploration agreement with Italy’s Eni and the Egyptian Tharwa company to search in the Mediterranean for…
Egypt, Mexico to establish a joint business council
May 9, 2018
Egypt, Mexico to establish a joint business council
Egypt and Mexico announced on Tuesday the establishment of the Egypt-Mexico Business Council, an entity formed of companies that operate…