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...

Hala Sakr appointed as member of EGX board of directors

The board of directors of the Egyptian Stock Exchange (EGX) approved the appointment of Hala Sakr, managing director of Barclays Bank Egypt, to the...

Disney CEO Iger says he is open to extending his term

Chief Executive Bob Iger said on Tuesday he is open to extending his term as the head of Walt Disney Co, offering investors a...

Quincey named new Coca-Cola CEO

The Coca-Cola Company has appointed James Quincey, the president and chief operating officer, as the group's new chief executive officer starting from May next...

Ahmed A.Basset Wins the 2016 CFO Experience Award

  In appreciation of his outstanding performance, Ahmed Abdel Basset, Sheraton Miramar’s Deputy Director of Finance has been selected to receive the Starwood  2016 CFO...

China’s Honghua wins Iraq drilling services contract

China-based Honghua Group, a leading global land drilling rig manufacturer, said it has entered into an agreement worth $26 million with an Iraqi firm...

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President El-Sisi launches the New Administrative Capital with Copts and Muslims prayers

President, along with religious, military and int’l dignitaries, witnessed the ceremony to inaugurate Nativity of Christ Cathedral and Al-Fattah Al-Alim Mosque. As a true...

Egyptian explosives expert killed defusing a bomb near church in Cairo

An Egyptian police officer was killed on Saturday while attempting to defuse a improvised bomb found near a church in an eastern...

MEO was awarded the best at Hilton’s Media Event!

Hilton Zamalek organized a recognition Media Event to honor the Egyptian Media and Press for their usual support in promoting Hilton Zamalek...
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