Arab Finance: Egypt has officially assumed the chairmanship of the African Continental Free Trade Area (AfCFTA) Council of Ministers, succeeding Tanzania, as per a statement. The announcement was made ...

Arab Finance: The Chairman of the Suez Canal Economic Zone (SCZone) Waleid Gamal El-Dien has witnessed the signing of a contract for Massoud Steel Company's metal containers project in the Sokhna ...

Arab Finance: The US dollar rate against the Egyptian pound hit EGP 50.9 for buying and EGP 51 for selling at the National Bank of Egypt (NBE) on Sunday at 12.56 pm. At Banque Misr, the exchange rate ...

Egypt sets March 14th as registration deadline for tax-free car import initiative Updated 1/11/2023 11:25:00 AM Egypt announces new facilities for custom-free car imports initiative Updated 12/27/2022 ...

Recently, the Egyptian Cabinet addressed rumors regarding the Central Bank of Egypt’s (CBE) alleged decision to stop printing polymer (plastic) banknotes for the EGP 10 and EGP 20 denominations. The ...

Arab Finance: The unemployment rate in Egypt recorded 6.6% of the total labor force in 2024, slipping by 0.4% from 2023, according to a press release issued by the Central Agency for Public ...

Arab Finance: CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba participated in the joint meeting of the Egyptian-Kuwaiti Cooperation Council, where he outlined plans to ...

Arab Finance: El-Nile Company for Pharmaceuticals and Chemical Industries (NIPH) logged net profits after tax worth EGP 124.659 million in the first nine months of fiscal year (FY) 2024/2025, ...

Arab Finance: Gulf Canadian Real Estate Investment (CCRS) turned to net losses valued at EGP 741,081 in 2024, against net profits of EGP 2.186 million in 2023, as per the financial results. Loss per ...

Arab Finance: Delta Insurance’s ordinary general meeting (OGM) approved the payment of cash dividends worth EGP 200 million or EGP 2 per share for 2024, according to a bourse disclosure. The dividends ...

Arab Finance: First Abu Dhabi Bank Misr (FABMISR) has opened a new branch within Al Ahly Club in New Cairo, as per an emailed press release. This move marks the bank’s ongoing partnership with the ...

Arab Finance: East Delta Flour Mills generated EGP 133.615 million in net profit after tax during the first nine months of fiscal year (FY) 2024/2025, an annual growth of 33% from EGP 100.574 million, ...