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 (...)
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 (...)