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Business - Economy
1/6/2024 2:50:01 PM
The National Bank of Egypt (NBE) and Banque Misr collected EGP 11 billion in proceeds through their high-yield certificates of deposit (CDs) within 24 hours following issuance, Mohamed El-Etreby, head of Banque Misr and chairman of Federation of Egyptian Banks, said on Friday.

Al-Ahram Weekly - Economy
1/2/2024 8:42:51 PM
Chairman of the Egyptian Stock Exchange Ahmed Al-Sheikh explains the reasons behind the bourse’s exceptional gains during 2023 and its ambitious plans for the year ahead to Sherine Abdel-Razek

Business - Economy
1/2/2024 4:06:53 PM
Egypt has set a target of attracting $12 billion in foreign direct investments (FDIs) during the fiscal year (FY) 2023/2024, which ends in June, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), said on Tuesday.

Egypt - Foreign Affairs
1/2/2024 12:09:33 PM
Russia assumed on Monday the chairmanship of the BRICS group in 2024, which now compromises 10 countries following its expansion during the 15th BRICS summit last August.

Egypt - Urban & Transport
12/29/2023 3:10:39 PM
The National Post Authority has announced a remarkable net surplus of EGP 4.422 billion from its 2022/2023 budget, chairman Sharif Farouk announced.

Business - Economy
12/26/2023 7:03:42 PM
Egypt’s Suez Canal Economic Zone (SCZone) has received $1.85 billion worth of investments between 1 July and 25 December, the SCZone’s Chairman Walid Gamal El-Din stated on Tuesday, according to a cabinet statement.

Sports - World
12/24/2023 6:49:39 PM
INEOS chairman Jim Ratcliffe has agreed a deal to buy 25 percent of Manchester United for about £1.25 billion ($1.6 billion) and will take control of the Premier League club's football operations, it was announced on Sunday.

Business - Economy
12/20/2023 9:20:11 PM
Egyptian leading real estate developer Talaat Mostafa Group (TMG) announced that its hotel arm, ICON, has finalized an $882 million deal to acquire a 39 percent stake in Legacy Hotels, which owns seven historical state-owned hotels, TMG’s Chairman Hisham Talaat Mostafa stated in a press conference on Wednesday.

Business - Economy
12/18/2023 2:21:57 PM
Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new mega capital, is set to offer new green building incentives by the end of 2023, Chairman Khaled Abbas stated during a press conference at the Egyptian Businessmen's Association (EBA).

Egypt - Urban & Transport
12/17/2023 6:33:08 PM
Chairman of the Suez Canal Authority (SCA) Osama Rabie stated on Sunday that 55 ships diverted from the Suez Canal route to the Cape of Good Hope route since 19 November, considering it a small percentage compared to the crossing of 2,128 ships during the same period.

Business - Economy
12/17/2023 5:24:36 PM
Egyptian pharmaceutical company APEX Pharma has announced plans to pump EGP 4 billion ($130 million) in investments to establish two state-of-the-art pharmaceutical factories in Egypt and Saudi Arabia in the coming year, Chairman Magdy Elba said on Sunday.

Business - Economy
12/11/2023 5:17:00 PM
The Egyptian Agricultural Export Council has unveiled plans to export approximately 2.3 million tons of citrus fruits during the ongoing market season of 2023/24, which commenced on 5 December, the council's citrus committee chairman Mohamed Khalil said on Monday.

Business - Economy
12/11/2023 4:48:56 PM
The Suez Canal Economic Zone (SCZONE) has attracted more than $1.7 billion in industrial investments since the beginning of 2023, Ibrahim Abdel-Khalek, Deputy Chairman of SCZONE, said on Monday.

Business - Economy
12/4/2023 2:03:22 PM
President Abdel-Fattah El-Sisi issued a new regulation on Monday, signaling the reconstitution of the General Assembly of the Sovereign Fund of Egypt (TSFE) under the chairmanship of Prime Minister Mostafa Madbouly.

Egypt - Foreign Affairs
11/29/2023 5:21:00 PM
Chairman of Egypt’s State Information Service (SIS) Diaa Rashwan said Wednesday that 239 planes with aid for Gaza have been received at Egypt’s Arish Airport since 21 October, stressing that Egypt is continuing to deliver humanitarian aid through the Rafah border crossing.

Business - Markets & Companies
11/27/2023 5:26:10 PM
Egypt's Administrative Capital for Urban Development Company (ACUD) targets a projected profit of EGP 26 billion by the end of 2023, which surpasses the EGP 20 billion in profits achieved in 2022, Chairman Khaled Abbas said on Monday.

Business - Economy
11/22/2023 7:53:21 PM
Saudi Arabia is seeking to increase mutual trade with Egypt to $100 billion, said Second Vice Chairman of the Federation of Saudi Chambers, Fayez Alharbi, according to CNBC Arabia.

Business - Economy
11/21/2023 5:43:40 PM
The Saudi Batterjee Holding Group has unveiled its plans to acquire a pharmaceutical company listed on the Egyptian Exchange (EGX) within the next six months, Mazen Batterjee, Chairman of the group, said on Tuesday.

Business - Markets & Companies
11/16/2023 9:55:02 PM
Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in the Egyptian state-owned company E-Finance For Digital and Financial Investments by 2 percent to 27 percent, according to the company’s Chairman and Managing Director Ibrahim Sarhan.

Business - Economy
11/15/2023 5:35:31 PM
Soaring prices of tobacco products in Egypt are expected to ease soon following the latest measures taken by the country to control the local market, the chairman of Egypt's largest tobacco producer Eastern Company, Hany Aman said on Wednesday.

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