Hisham Tawfik, Minister of the Public Enterprise Sector, said that the high committee for the programme of governmental initial public offering (IPO),will be held next month, to review the latest developments in the programme, and to consider moving (...)
Frederic Lussny, the head of Manufacturing and Services at the European Bank for Reconstruction and Development (EBRD), said that Egypt's keenness to introduce a new strategy for the car sector will attract manufacturers of foreign cars to invest in (...)
African Export and Import Bank (Afreximbank) has held a conference to announce the launch of the first phase of preparations for the first-ever Intra-African Trade Fair, to be held from 11 to 17 December in Egypt, in cooperation with the African (...)
Barclays Bank-Egypt will change its brand name to be "Attijariwafa Bank-Egypt" in November, according to the managing director of Barclays-Egypt, Hala Sakr.
She said that Attijariwafa Bank has completed the restructure of its five-year expansion (...)
Maha Abdel Razek, assistant managing director of Al Oula El Taamir For Mortgage Finance, said that "we intend to inject EGP 350m into the mortgage finance initiative before the end of the first quarter (Q1) of 2018."
"Al Oula is currently (...)
The Central Bank of Egypt (CBE) will remove the maximum dollar deposit limit over the few upcoming months, according to Chris Jarvis, head of the International Monetary Fund (IMF) delegation to Egypt.
In a statement to Daily News Egypt, Jarvis said (...)
The African Export-Import Bank's (Afreximbank) board of directors approved granting a loan to Banque Misr worth $200m.
Banque Misr is the second government bank to receive a loan from Afreximbank this year. The National Bank of Egypt (NBE) announced (...)
The African Development Bank (AfDB) is considering financing three projects within the feed-in tariff programme in Benban, Aswan for $60m.
A source at AfDB told Daily News Egypt that the bank has allocated $18m and $20m worth of finances for each (...)
Janet Heckman, managing director for the Southern and Eastern Mediterranean (SEMED) region at the European Bank for Reconstruction and Development (EBRD), said that the bank is currently studying to finance five projects in the second phase of the (...)
The African Export–Import Bank (AFREXIMBANK) aims to increase its capital by $300-400m in 2017.
The bank's director of banking operations, Heba Aboul Ezz, noted that the bank's capital was at $12bn in December 2016.
She said that Egypt is a key (...)
Foreign investments in treasury bills hiked to EGP 7.8bn during November, compared to EGP 989m during October 2016.
The great hike came after the Central Bank of Egypt (CBE) announced the flotation of the Egyptian pound during November, raised the (...)
Sukari gold mine production increased to 551,036 gold ounces in 2016, representing a 25.5% year-on-year increase from 439,072 ounces in 2015, according to the annual report of Centamin.
The total sales of the mine reached 546,063 ounces in 2016, (...)
Member of the parliament's Economic Affairs Committee, Amr El-Gohary, said that he intends to suggest that exchange bureaux be obliged to make US dollars deposits at the Central Bank of Egypt (CBE) for each of the companies' branches.
He noted that (...)
Hany Genena, head of research at Beltone Financial, said that moving towards a flexible exchange rate of the Egyptian pound would be the main factor of economic growth and the government's economic reform programme.
Genena added that the inflow of (...)
On 11 August, the International Monetary Fund (IMF) and the Egyptian government announced that both parties had reached a staff-level agreement for a $12bn, three-year extended fund facility (EFF) that amounts to 422% of Egypt's quota.
Last month, (...)
The government has decided to once again rely on itself regarding the implementation of the economic reform programme, while the space left for private sector contribution has significantly shrunk.
After private sector investments used to make up a (...)
Eight months has passed since the government adopted its strategy to rationalise imports in collaboration with the Central Bank of Egypt (CBE). This strategy aims to control the foreign currency shortage in the market and face the rising price of (...)
Parliament approved the draft state budget in Tuesday's session. It was referred to the State Council for legal review and drafting.
Deputy Finance Minister for Financial Policies Ahmed Ashraf Kojak said that the budget was approved, after (...)
In their attempt to win the American Jewish vote and its money, candidates for the US presidential elections typically pledge their affection and support for Israel.
While Israel is the country that has been dismantling Palestine, demolishing the (...)
The opening of the New Suez Canal projetc represents a good opportunity for Egypt to become the heart of world trade by building the largest logistics centre in the region, said FDI-Intelligence Editor-in-Chief Courtney Fingar. FDI-Intelligence is (...)
Almost 5% of the Egyptian population suffer from food shortages, according to the UN's Food and Agriculture Organization(FAO) Assistant Director-General and Regional Representative for the Near East and North Africa, Abdessalam Ould Ahmed. This was (...)
Most of the Arab nation-states are relatively new, left over from the era of Anglo-French imperialism that followed the defeat of the Ottoman Empire after World War I. Only Egypt, within the region, had an earlier experience as a nation-state in the (...)
The passing of the year 2014 must be marked by the Palestinians as another year of no state, no prospects for a peace deal and no justice, only dashed dreams, broken promises and empty rhetoric.
Most Palestinians recall how they were optimistic and (...)
Ahram Online's sister French paper Ahram Hebdo talks to the renowned Algerian singer Souad Massi, who explains why she refuses to sing in Israel, and reflects on her recent concerts in Cordoba and Morocco
Ahram Hebdo (AH): You have been invited to (...)
Under the cover of the two wars of 1948 and 1967, Israel was able to force more than one million Palestinians outside the territory it controlled. Unless there is another war, the opportunity to carry out another mass expulsion is unlikely to arise (...)