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 has tumbled by the largest amount since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising...
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...
Zambia hosts Africa private sector job creation forum
ZAMBIA is scheduled to host the first Africa Forum on Private Sector Inclusive Green Growth and Job Creation where local and international experts will...
GE, Siemens offers to upgrade Egypt’s railways
Investment and International Cooperation Minister Sahar Nasr and Transport Minister Hisham Arafat discussed with senior officials of General Electric (GE) and Siemens their offers...
Japan’s JGC to build $6,3bn LNG plant off Mozambique
A consortium including JGC has reached a 700 billion yen ($6.33 billion) deal to build a floating liquified natural gas platform, off the coast of...
Egypt central bank to cancel $100,000 individual bank transfer limit
Egypt’s central bank governor Tarek Amer said last week that the central bank will “soon” cancel a $100,000 limit on individual bank transfers. Under currency...
EBRD provides $25m loan to Elsewedy unit
The European Bank for Reconstruction and Development (EBRD) said that it will provide a $25 million loan to the Egyptian copper rods manufacturer United...
Mastercard opens Levant HQ in Amman
Mastercard, a leading technology company in the global payments industry, has established its Levant headquarters in Amman, Jordan, coming closer to partners in Jordan,...
A new IDB office in Cairo
The Minister of Investment and International Cooperation Dr. Sahar Nasr met with President of the Islamic Development Bank (IDB) Dr. Bandar Hajjar, on the...
HSBC UK offers mortgage at 0.99% making borrowing cheaper following Brexit shock
The two-year fixed rate from HSBC is the first fixed deal to dip below 1 per cent but analysts say other lenders may follow, leading rates...
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Al Molla inspects the Suez Methanol Derivatives Plant in Damietta
Minister of Petroleum and Mineral Resources Tarek Al Molla has inspected the construction work of the Suez Methanol Derivatives Plant in Damietta...
Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...