The National Bank of Egypt, the country's largest state-run bank, posted its highest ever full-year profit, banking sources with knowledge of the matter told Amwal Al Ghad on Tuesday.
The bank registered profits worth more than 35 billion Egyptian (...)
Seeking to establish a genuine story of success to be narrated to future generations, Egypt has to put national industries on the forefront.
Egyptian government has undergone a successful economic reform experience, involving a number of bold (...)
Egypt's biggest lender, the state-run National Bank of Egypt's profits rose to about 16.1 billion Egyptian pounds ($938.8 million) during the first half of financial year 2018/2019, according to banking sources.
Earlier, profits stood at around 13.2 (...)
Egyptian state-run lender Banque du Caire launched Thursday the internet banking for individuals and it would be launching the same product for corporates within days, according to Chairman and CEO Tarek Fayed.
He added at a press conference that (...)
Egyptian state-run lender Banque du Caire said on Thursday its after-tax profit in 2018 rose 200 percent to around 2.5 billion Egyptian pounds ($145.7 million) from 807 million pounds a year earlier.
Total assets surged 13 percent to 165.7 billion (...)
Egyptian state-run lender Banque du Caire said on Thursday its after-tax profit in 2018 rose 200 percent to around 2.5 billion Egyptian pounds ($145.7 million) from 807 million pounds a year earlier.
Egypt expects to raise $300-400 million from (...)
Egypt's real estate developer Madaar plans to invest 1 billion Egyptian pounds ($58 million) in its flagship Azha in Ain Sokhna within 2019, announced chief executive Maged Salah on Thursday.
"We also seek to post contractual sales worth 2 billion (...)
Egypt's Alassema for Construction plans to start launching a housing project at the 8th residential district in the country's new capital within March 2019, said its chairman Mostafa Mansour on Tuesday.
Spanning over 46 feddans, the new project is (...)
Egypt's real estate management firm, Brickzey says it seeks to start marketing a medical and commercial centre in the country's new project owned by Alassema for Construction within the next month.
Named MCC, the project is with target sales worth (...)
Egypt's property developer Pyramids Real Estate says it started carrying out its first commercial, administrative, and medical mall project, Grand Square at the Central Business District (CBD) in the country's new capital.
Sapping over 7,800 square (...)
Egypt's Micro, Small, and Medium Enterprise Development Authority (MSMEDA) has signed on Saturday two loan and grant agreements worth €60 million with the European Investment Bank (EIB).
The loan will be directed to support a number of developmental (...)
Egypt's Banque Du Caire plans to open a representative office in Dubai within the first quarter of 2019, the country's third biggest state-run lender chairman Tarek Fayed said on Saturday.
The bank studies opening two representative offices in China (...)
Egypt-based Banque du Caire says it is planning to increase real estate portfolio to 1.7 billion Egyptian pounds ($95 million) in the Central bank of Egypt (CBE) mortgage initiative at the end of this year.
The state-owned lender achieved funds (...)
Egypt's state-run Industrial Development and Workers Bank (IDWBE) says it is solely financing the country's anticipated agricultural-focused commodities trading exchange, the first of its kind in the Middle East.
The bank is securing a financing of (...)
China's TEDA Investment Group plans to finish infrastructure and utilisation works at two square kilometres in Northwest Gulf of Suez by the end of December 2016.
Speaking to Amwal Al Ghad Tuesday, TEDA's CEO Wei Jianqing stated that this space is (...)
Egypt's central bank announced Tuesday that it would raise the monthly limit to $250,000 from $50,000 for importers of food, machinery, spare parts, capital goods and medicine. It removed a daily ceiling for the same group of importers as long as (...)
Egyptian paints and coatings manufacturer, Kapci says its newly built factory in India will be operative within the second half of 2016.
According to Mohamed Rateb - Kapci's sales and marketing manager, the investment cost of the new factory is (...)
Rooya Group, one of fast-growing real estate developers in Egypt, plans to float 20-30 percent of its shares on the country's bourse in the first quarter of 2016.
In an interview with Amwal Al Ghad, Hisham Shoukri - Rooya's Chairman – said the (...)
Egyptian conglomerate Wadi Degla Holding has launched Wednesday its leasing arm, Global Lease, in cooperation with SANAD Fund, of Kfw Development Bank.
The new leasing company is with an authorised capital worth 500 million Egyptian pounds (US$63,8 (...)
A consortium comprising WPP, the British multinational world leader in advertising, is announced as winner to implement the New Suez Canal's inauguration ceremony and global communications campaign, the canal's head announced Saturday.
Suez Canal (...)
Egypt's new Suez Canal will be opened on August 6, the canal authority chairman Mohab Mamish announced Saturday.
During a press conference broadcast live on state television, Mamish also said the drilling of the new canal had been concluded, while (...)
The Islamic Development Bank's total funding portfolio for Egypt has reached US$12.5 billion, including US$3.1 billion in 2014, director country department Mohammad Al-Saati said Sunday.
The IDB official has referred that his bank had signed (...)
Saudi Arabia-based power and water project developer ACWA Power announced Sunday it signed concession contracts with the Egyptian Ministry of Electricity to build three renewable energy power plants in Egypt. The three projects will be with (...)
Banque Du Caire intends to contribute US$100 million to a bridge finance being arranged to fund Egypt's new Suez Canal project.
The bridge finance is at value of US$565 million approximately, to go for funding some payments in the new waterway (...)
Egypt's real estate developer, Abraj Misr has signed a contract to carry out "The Gate" project, with six international companies specialised in running property projects.
The project is with investment cost of 4.5 billion Egyptian pounds (US$589.7 (...)