Egypt's biggest lender, the state-owned National Bank of Egypt says assets have surged to around 1.1 trillion Egyptian pounds ($58.5 billion) following Nov.3 flotation of the local currency, an official in the bank announced Wednesday.
NBE's Deputy (...)
Egypt's biggest lender, the state-owned National Bank of Egypt says net profits have exceeded 6 billion Egyptian pounds ($319.2 million) during the first half of the current financial year 2016/2017.
NBE's Deputy Chairman, Yehia Aboul Fotouh further (...)
Egypt's second largest state-owned lender, Banque Misr is planning to sign a loan worth $150 million with Abu Dhabi Islamic Bank-Egypt (ADIB) within the second quarter of financial year 2016/2017.
Mohamed El-Etreby, Banque Misr's Chairman, told (...)
Egyptian Chemical and Fertilizers Export Council (CEC) coordinates with Trade and Industry Ministry to raise sector's exports to US$32 billion by 2020, CEC Head Khaled Abu El Makarem stated Saturday.
The Chairman added that the total exports of (...)
While the Egyptian pound was devalued officially months ago, talk has surfaced about further devaluations or a full-fledged currency flotation that leaves it at the mercy of both the regular and black markets.
Ambiguity launched a frenzied rush to (...)
Egypt and Japan signed Monday financing agreements for the completion of the Grand Egyptian Museum, which will allow the country to become a major worldwide hub for Pharonic history and a must-visit place for Egyptologists.
Egyptian Minister of (...)
China, the world's largest economy, has become an economic model in modern times, having achieved its tremendous economic growth through tapping its material and human resources rather than occupation, dominance and looting of other countries, as (...)
Hamas had strong ties with Tehran as part of what was known, before the Arab Spring revolutions, as the “Axis of Resistance” that included Syria and Lebanon's Hezbullah. Bilateral relations deteriorated, however, at the start of the Syrian conflict (...)
The remains of the Muslim Brotherhood and movements and parties affiliated to it announced on Saturday their plans to protest against the government throughout the nation, on the anniversary of the January 25 revolution.
The Donk (the Deprived) (...)
Over its long history, which ushered in the written history of the world, Egypt lived through decisive moments when the future of the entire nation was at stake. Every time, its heroic people prove the country has a sword and invincible wall of (...)
At key moments in history, the true mettle of nations and its citizens is tested in their ability to carve out their fate, defend the land, people, and the components of nationhood. Egypt is no exception to this rule
Over its long history, which (...)
As Egypt progresses in its political roadmap, it is time to address the fractures created by the disappointing protest law; all the more so amid international and regional developments that demand maximal Egyptian cohesion
Egypt's progress in the (...)
The great projects that make Egypt proud include the High Dam, the greatest twentieth century infrastructure project in the world. It is a shield protecting Egypt from the ravages of destructive annual flooding and killer droughts. The dam gave (...)
The Arab map and its collection of traditional balances are currently poised for major changes. Our Arab countries are the target of successive assaults by their enemies overseas, forces of evil and impedance, and domestic terrorism that is (...)
The general budget is a key document in defining a state's socio-economic policies. It reflects its social biases or balance between the interests of the poor, middle class and wage workers on the one hand, and the interests of the wealthy, and (...)
While revolutions usually take decisive actions to achieve the goals that triggered them, achieving social justice – the main demand of the Egyptian revolution – remains unfulfilled, as the revolution overthrew two regimes but has not ruled.
Simply (...)
In Egypt, the initial three-quarters of the 20th century had shaped an era of struggle for enlightenment and the achievement of equality between women and men.
Such progress was a strong and swift extenuation to the harbingers of development in the (...)
There is currently a fierce debate raging in Egypt around the imposition of a capital gains tax (CGT) on the stock market, which has also witnessed waves of selling that have driven share prices down significantly in an attempt to pressure the state (...)
Without massive foreign assistance, and the complicity of Western powers, Zionists would not have been able to establish Israel on lands they did not buy but rather usurped from Palestinians
Whenever the anniversary of the Zionist rape of Palestine (...)
The tension between the West and Russia over Ukraine, alongside other matters, once played out in Egypt, where Soviet funding proved decisive in building of one of the 20th century's greatest infrastructure achievements
Once the former Soviet Union (...)
Some suggest diverting 112 billion cubic metres of water from the River Congo to the Nile, which is utterly ridiculous. How can the course of the Nile, with a revenue of 84 billion cubic metres annually at Aswan, sustain another 112 billion cubic (...)
Egypt always views its historic rights and share of Nile water, and the strong connection between the life of humans, crops and cattle to this quota, of which Egypt uses every drop, as the foundation for any debate over Nile Basin water.
This (...)
Addis Ababa is either unaware of such a thing as international law, in place to regulate water relations among countries sharing the same watercourse, or has no respect for it to begin with. Its absurd position regarding the Renaissance Dam (...)
The poetry of Abdel-Rahman El-Abnoudi has been delivered by lead singers ever since the end of the 1950s. It contributed to recording Egypt's national battles and shaping its collective consciousness
Although poetry is the gospel of the Arabs, its (...)
The loss of prime agricultural lands to illegal urban encroachment is something Egypt's next president must address via practical solutions that preserve the right to housing for new rural generations
The most severe problems usually arise due to (...)