Wednesday, October 18, 2017

GE subsidiary wins project in Egypt’s Zohr Gas Field

In a signing ceremony hosted by Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company announced a...

Suez Canal Bank is soon to finalise its strategy

The new board of directors of the Suez Canal Bank, headed by Hussein El-Refaie, will complete preparing the bank’s strategy and work plan for...

China’s central bank: Bitcoin offerings are illegal

Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be...

Egypt’s bank deposits rise 43% in May

The data of the Central Bank of Egypt (CBE) showed a rise in total bank deposits during May 2017, by 43% year-on-year. Deposits amounted to...

EGPC seals oil exploration deals worth $79m with Apache Corporation

The Egyptian General Petroleum Corporation (EGPC) has sealed three deals with Merlon International and Apache Corporation to explore for oil and gas in Egypt's...

Tarek Amer named Central Bank Governor of the Year 2017

News Agencies, Governor of the Central Bank of Egypt Tarek Amer was named Central Bank Governor of the Year for Middle East and North...

UAE’s SHUAA Capital brokerage firm eyes Business in Egypt

Dubai, SHUAA Capital, the United Arab Emirates-based integrated financial services firm, announced that it has formally begun discussions with Egyptian regulators for reintroducing its securities business...

Banks online security technologies

As consumers increasingly transact online, banks need to follow a diligent approach to enforcing security measures, especially in the face of emerging threats. Given...

ECBM Deputy Chairman: Egypt is a leading glass exporter in Africa

Deputy Chairman of the Export Council for Building Materials (ECBM) Mohamed Khattab said that Egypt is considered one of three African pioneering countries in...

Warba Bank discusses issuing Islamic facilities at $200m

Warba Bank is holding talks with other banks to enter the loans market through issuing a 3-year Islamic facility worth $200 million. The bank aims...

FDI and exports are to witness a revival by end of current fiscal year

By: Mahmoud Hammad Deputy Chairman of Egyptian Capital Market  Association (ECMA) and CEO of Prime Holding,  Mohamed Maher expected Foreign Direct Investments  (FDIs) as well...

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DuPont Clean Tech to help tap Egyptian gas field

DuPont Clean Technologies signed a contract with Kinetics Technology (KT) for Eni’s giant Zohr deepwater gas field in the Egyptian Exclusive Economic Zone of...

Countries need to build on automation, innovation, talentism and financial stability

The World Economic Forum’s Global Competitiveness Report for 2017-2018 has identified corruption, crime and political instability as the biggest barriers for countries competitiveness development. A decade on...

Coca-Cola Nigeria to spend $600m on new products

Coca-Cola Company’s Nigerian operation will invest $600m by 2020 to boost sales, in line with a global strategy to extend the product range beyond...