In pics: Sisi has luncheon with heads of German, Int’l companies

Fri, Feb. 15, 2019

At a luncheon organized for leaders of participant countries at the 2019 Munich Security Conference (MSC 2019), which kicked off Friday, President Abdel Fatah al-Sisi met with CEOs and chiefs of a number of German and international companies.

Eni beats expectations as quarterly profit jumps 55%

Fri, Feb. 15, 2019

Adjusted net profit was 1.459 billion euros ($1.65 billion), above an analyst consensus forecast provided by the company of 1.19 billion euros.

Deal or delay? Wall Street divided on Brexit

Fri, Feb. 15, 2019

Goldman Sachs said it sees a 50 percent probability of May getting a Brexit divorce deal ratified, adding that lawmakers would ultimately block a no-deal exit if needed.

Egypt, Kazakhstan probe fostering trade relations

Fri, Feb. 15, 2019

The talks touched on increasing Kazakh exports to Egypt and resuming the supply of wheat and other agricultural products, the Kazakh Embassy in Egypt said in a statement Friday.

CBE cuts interest rates at 15.75%, 16.75% in February

Thu, Feb. 14, 2019

MPC kept the interest rates unchanged during the meeting of December, November, September, August, June and May of 2018, after lowering them twice earlier this year by 1 percent each time.

Dollar price slightly down at Egypt's major banks

Thu, Feb. 14, 2019

The US dollar exchange rate went slightly down at the start of transaction at major banks on Thursday.

AOI keen on backing State efforts to increase value added of Egyptian industry

Thu, Feb. 14, 2019

Chairman of the Arab Organization for Industrialization Abdel Monem el Taras underlined on Thursday the importance of boosting all State efforts aiming at increasing value added of the Egyptian industry and deepening local manufacturing.

Egyptian-Saudi Business Council to hold meeting on Feb 23

Thu, Feb. 14, 2019

Presidents of 100 major Saudi companies will attend the meeting which aims at devising a plan to promote trade and investment relations between Egypt and Saudi Arabia.