Egypt is embarking on a mega project to establish the biggest medical tourism city in the Middle East and Africa region with more than LE20 billion investments, Eng. Ammar Mandour, head of the Badr City Development Authority, said on Friday. Mandour...اقرأ المزيد
The Suez Canal Bank net profits increased 12 percent in the first quarter of 2019, to reach LE 129 million, up from LE 115 million in the same period last year. The rise is attributed to some core operations, including a 36 percent increase in fees income,...اقرأ المزيد
The World Bank Group announced that it will extend its Country Partnership Framework (CPF) 2015–2019 with Egypt for two years, so that it will end in 2021. In a statement on Wednesday, a copy of which was obtained by MENA, the group said that this...اقرأ المزيد
Central Bank of Egypt (CBE) Governor Tareq Amer revealed that a giant US investment fund will buy the United Bank of Egypt in a period of three months. Amer’s announcement comes after the US investment fund had carried out the due diligence on...اقرأ المزيد
The World Bank issued earlier in April a report about the economic outlook for the Middle East and North Africa region including Egypt. Egypt Today reviews the most significant economic indicators for Egypt in the report, which are: – The bank...اقرأ المزيد
President Abdel Fatah al-Sisi held talks with his Bulgarian counterpart Rumen Radev in Cairo on Tuesday. Among the matters discussed was illegal migration. The Bulgarian president arrived in Cairo on Monday heading a delegation to discuss bilateral relations...اقرأ المزيد
A private offer for shares in Egypt’s top cigarette maker Eastern Company SAE was covered 1.8 times at 17 Egyptian pounds ($0.9737) per share, the state news agency MENA said on Friday, citing the minister of public enterprise. The sale of up to 4.5...اقرأ المزيد
Egypt has allocated $10 million to establish the African Space Agency and cover its running expenses for the next five years, the Minister of Higher Education and Scientific Research’s advisor for African affairs said on Saturday. Islam Abou el Magd...اقرأ المزيد
Leaders and government heads of 28 European countries and 21 Arab states will be convening a two-day summit in Sharm el-Sheikh, on Sunday, to discuss joint challenges and boost mutual cooperation opportunities. This is the first ever platform that brings...اقرأ المزيد
The Monetary Policy Committee of the Central Bank of Egypt (CBE) cut the overnight deposit rate and the overnight lending rate at 15.75 percent and 16.75 percent, respectively, during 2019’s first meeting. Egypt which targets to hit average interest...اقرأ المزيد