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Foreign assets surged to more than EGP1 trillion for the second month in a row

Tuesday 31/07/2018 20:27

By Mohmed Salem Foreign assets deposited at the Egyptian banks surged to EGP1.07 trillion late June up from EGP1.07 trillion in May, whereas FAs nette...
Novus Stanza's exiting NAC project is sounding alarm bells among junior developers

Tuesday 31/07/2018 19:51

By Bedour Ibrahim Egyptian developer Novus Stanza's exiting real estate projects at the New Administrative Capial triggered deep concerns among client...
Sales of Egypt's autos spiked by 4.8% in the first half of this year: AMIC

Tuesday 31/07/2018 18:10

By Ahmed Shawki   Egypt's vehicle sales spiked in the first half of this year by 40.8%, equivalent  to 23,000 units,  to 795,000 up fro...
NBE in negotiations with European funder to obtain 2nd financing

Tuesday 31/07/2018 14:00

By Sayed Badr: The National Bank of Egypt (NBE) is involved in negotiations to obtain a second financing tranche from the European Investment Bank (E...
ALamal is planning to capture 15% of private auto sales

Tuesday 31/07/2018 13:39

Al-Mal ALamal co for Vehicles Manufacturing & Assembly, a producer of BMW and Lada cars, aims to sell 15,000 cars by the end of this year, enabli...
Only 15% of the economic reform program remains, Finance Minister

Tuesday 31/07/2018 13:34

Al-Mal Minister of Finance Dr. Mohamed Maait  said that what remained from the economic reform program implemented by the state for about two ye...
Sudanese forces help return missing Egyptian patrol: Egypt army

Tuesday 31/07/2018 13:29

CAIRO (Reuters) - Egypt’s military said yesterday that Sudanese security forces had helped to locate and return an Egyptian patrol which had g...
HCHD to borrow EGP 1bn to reform financial architecture

Tuesday 31/07/2018 13:04

By Ahmed Aly: Heliopolis Company for Housing and Development (HCHD) has addressed several banks to receive offers to obtain EGP 1bn loan in order to ...
Cairo to participate in 2018 'Military Olympics' in Russia

Tuesday 31/07/2018 12:08

AA: Egypt’s military is participating in this year’s International Military Olympics, which began earlier this week in Russia, the Egypti...
SCA to conduct negotiations over new container terminal in East Port Said harbor

Tuesday 31/07/2018 11:27

By El Sayed Fouad and Nadia Saber: Suez Canal Authority (SCA) is to enter into negotiations with Holding Co. for Maritime & Land Transport (HCMLT...