News

The National Bank of Egypt (NBE), the country’s largest public lender, reported on Tuesday a 161.6 percent year-on-year growth in net profit for the first quarter of the year.
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Egypt’s non-oil private sector activity saw weaker conditions in July as output and new orders receded, a survey showed on Tuesday.
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Egypt to establish an Egyptian joint stock company “Suez Canal Healthy Company for Food Industries” to implement businesses and projects related to food industries.
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Egypt’s state-run construction firm Arab Contractors has won a bid to develop Lebanon’s Port of Tripoli and its facilities, Egyptian Ambassador to Lebanon Yasser Elwi announced..
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The Egyptian Industrial Development Authority (IDA) has held a bid opening session for the received technical offers applying to a new cigarette factory license, in the presence of four companies.
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Egypt’s Minister of Trade and Industry Nevine Gamea announced that the Egyptian Accreditation Council (EGAC) signatory status in the African Accreditation Cooperation (AFRAC) has been extended to…
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The African Securities Exchanges Association (ASEA) has signed a contract with DirectFN to procure an order-routing system, in support of cross-border trading between African markets.
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Egypt’s stock Exchange (EGX) announced in a statement on Sunday that it would lift the limit on intraday share price moves to 20 percent starting from September,
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Egypt’s index of manufacturing and extractive industries, excluding crude oil and petroleum products, fell by 5.85% month-on-month (MoM) to 102.72 (initial) in May from 109.10 (final) in April,…
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Fitch Ratings is forecasting that Egypt’s real GDP growth will recover to 5.5 percent in the financial year (FY) 2022/2023 that ending June 2022, the rating agency said in a recent report.
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