INCREASE IN BANKS LOANS
Egypt's banking sector's loans portfolio recorded an increase of LE23.352 billion in March, amounting to LE675.334 billion compared to LE651.982 billion in February, according...
11 companies affiliated to holding companies record EGP 4.5 billion net profits
Eleven companies affiliated to the Holding Company for Maritime and Land Transport and the Holding Company for Tourism, Hotels and Cinema have recorded a...
Paris competes for US Banks after Brexit
With the clock moving towards Brexit and the UK’s loosing grip of US Banks, France has entered the competition for US Banks European branches...
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...
US companies to increase investments in Egypt
Minister of Investment and International Cooperation Sahar Nasr met on Friday with representatives of General Electric, AbbVie pharmaceuticals, Johnson, Cargill, Merck & Co. pharmaceutical...
GM to stop making cars for Indian market
General Motors (GM) has announced that it will stop making cars for the Indian market by the end of 2017.
The firm, which sells its...
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...
Port Said Container Cargo Handling Company exceeds one billion EGP in total revenue
The Port Said Container and Cargo Handling Company, one of the Holding Company for Maritime and Land Transport’s companies operating under the Ministry of...
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...
Oriental Weavers Q1 profits leap 174%
Oriental Weavers’ consolidated net profit for the first quarter of fiscal year 2017 jumped 174% to EGP 257.59 million, versus EGP 94.16 million for...
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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...