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SalamAir to launch direct flights to Alexandria

Wednesday 23/01/2019 10:16

TradeArabia: Oman budget carrier SalamAir has announced plans to launch flights between Muscat and Alexandria, Egypt, starting March 2. The new route...
Arabiat to open SsangYong'smaintenance center at EGP75mln

Wednesday 23/01/2019 9:34

By Ahmed Awad Arabiat S.A.E, presenting the South Korean-based  SsangYong, is set to open after-sale & maintenance center and two outlets fo...
The Qatari partner to sell stake inBavaria Group

Wednesday 23/01/2019 9:26

By Ahmed Nabil The Qatari partner in Bavaria Motors, Egypt's sole authorized BMW & Mini dealership, decided to sell its stake in the group, accor...
EGX fell broadly on Tuesday amid heavysell-offs led by Arab and foreigners

Wednesday 23/01/2019 9:19

By Mostafa Talaat & Ragab Ezz El-Deen The Egyptian Stock Exchange ended Tuesday's trades on a down note amid heavy sell-offs led by the Arab and...
All banking services to be automated by 2022, FRA

Tuesday 22/01/2019 22:49

Al-Mal Financial Regulatory Authority (FRA) Chairman Mohammed Omran, Board of Directors said said a central administration is under way to improve a...
Microfinance assets are worth EGP 11.5bn 2018, FRA

Tuesday 22/01/2019 22:47

Al-Mal Microfinance balances grew by 62% in 2018 to EGP 11.5 billion. The number of funding beneficiaries was 2.8 million pounds, through 1849 fina...
CBE postpones repayment of Saudi deposit worth USD 2.6bn

Tuesday 22/01/2019 14:53

By Mohamed Salem: The Central Bank of Egypt (CBE) managed to postpone the repayment of Saudi deposits of USD 2.6bn for a year in return for paying int...
Government to buy 1.7MT of U.S. wheat

Tuesday 22/01/2019 14:18

UkrAgroConsult: A country’s commitment to purchase U.S. wheat shows American ag commodities are becoming more competitive, a commodity strategis...
NBE, Banque Misr to sell stakes in New Ismailia Co.

Tuesday 22/01/2019 13:27

By Mostafa Talaat: The National Bank of Egypt (NBE), Banque Misr and Misr Hotels are planning to sell their stakes representing 50.6% of the sharehold...
China lends Egypt $1.2bn for railway to new capital

Tuesday 22/01/2019 12:51

Al-Mal: China has signed a deal to lend Egypt $1.2bn for the construction of a 68km electric railway running from the outskirts of Cairo to the planne...