EFG Hermes reports $53.3 million net profit in first-half of 2014
Egyptian investment bank EFG-Hermes reported a 109.7 percent increase in the first-half of 2014 standalone net profit to LE381.6 million ...
Country: Egypt
Egypt Finance Ministry seeks $10.4 billion loan from IMF
An informed governmental source said Finance Minister Hani Qadri Demian will try to convince the Cabinet to resume negotiations with ...
Egypt has potential to grow
Egypt, along with six other Middle Eastern countries, has potential to move to a higher economic growth path, said Lili ...
Saudi Arabia – Egypt trade volume grows to $31.3 billion in 10 years
The volume of trade exchange between Saudi Arabia and Egypt has registered significant increase reaching SR117.5 billion ($ 31.3 billion) ...
Egypt’s economic reform plans ‘succeeding’
The United States appreciates Egyptian efforts to reform structural economic imbalances, US Secretary of State John Kerry said in recent ...
Egypt will spend $4 billion to build a new Suez Canal
Egypt plans to add an extra lane to the Suez canal, one of the world's most important thoroughfares for trade, ...
Egypt to raise sugar production
Egypt's government plans to raise its sugar production to two million tons from 1.1 million tons to meet the required ...
New confidence in Egypt’s real estate with increased stability
The improved political and economic stability in Egypt has created new confidence in the real estate market, said Aymen Samy, ...
Car sales in Egypt register 56% year-on-year increase
Egypt’s total car market volume in June increased to approximately 25,000 car units sold, compared to 16,000 in June 2013, ...
Banque Du Caire Registers $90 million Profits
An official source in Banque Du Caire said his bank achieved around EGP700million ($90 million) profits during the first half ...
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