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Ibnsina Pharma achieves EGP 3.7bn net revenues in 1Q19
The company posted gross profit of EGP 292.7m and gross profit margin of 7.85% in 1Q19, up approximately 0.4 percentage points from 7.49% in 1Q18.
Ministry of Tourism promotes Egyptian monuments in Italy
The Italian television will start presenting on 22 May a number of documentary films, which will present the pyramids and the history of Egyptian civilisation, as part of the promotion campaigns of the ministry of tourism in order to promote Egyptian tourist destinations and to attract more tourists toward Egypt, according to Egyptian Minister of …
EGX posted biggest weekly drop since December, expectations of further decline this week
The main index EGX30 fell by 5.5% last week to 14,035 points, in its largest weekly decline since December.
NBE aims to attract more UAE investors to Egyptian market
Bank successfully concluded several transactions with numerous UAE investors for investments in financial markets, debt instruments issued by Egyptian government: Tantawy
Pope Tawadros calls on Germans to read about Egypt’s history
Pope inaugurates Virgin Mary Orthodox Church in Dusseldorf
Saudi police announce killing 8 alleged terrorists in Al-Qatif
Al-Qatif region has Shiite majority in kingdom
First phase of Arish Port’s pier development is 65% completed
Berth, refining works in second basin in Sokhna Port in August
Alexandria criminal court sentences five defendants to life in prison
Other 39 defendants were sentenced 15 years in jail on accusation of joining Muslim Brotherhood terrorist group
Al-Sisi discusses bilateral relations with South African counterpart
President orders cabinet to secure necessary commodities for citizens during Ramadan
Mo Salah stars fifth phase of ‘You’re Stronger than Drugs’ campaign
Campaign came as part of national strategy against drugs
Government is keen on developing Tax Authority: Moiet
Moeit’s statements came during a press conference for the development of the Tax Authority, where he pointed out that the government is working to develop and restructure of the authority as it contributes more than 75% of the country’s total revenues.
Mar-Mina Church attacker to face death penalty
Attack which occurred in 2017 killed 10 people
Chance exists to reduce interest by 1% in May after inflation ease in April: Beltone
Egypt continues to provide attractive investment opportunity supported by raised credit rating, pound appreciation
Middle East fears Iran-US military confrontation as tensions escalate
Since last week, the US military has sent forces, including an aircraft carrier and B-52 bombers, to the Middle East to counter what the Trump administration says are “clear indications” of threats from Iran to US forces there.
Petroleum ministry aims to develop 11 gas projects with $18bn investments until 2023
New gas discoveries will contribute to connecting 2bn scf/day to national grid, says source
Hisham Talaat Moustafa’s projects houses 0.7% of Egyptians
The population who inhabit Talaat Moustafa Group’s (TMG) projects reached about 700,000, according to the group’s data.
Kelany’s Mawaed Al-Rahman: once small table, now serving over 800 people
“I have been organising Mawaed Al-Rahman for 22 years, and we have never faced any financial issue to offer free meals to people. We can serve over 800 meals daily in Ramadan,” said Mahasen Kelany, the founder of one of the biggest Ramadan charity tables in Hadayek Al-Kobba. Mawaed Al-Rahman (tables of charity) are one …
Bin Laden’s 8th death anniversary: Al-Qaeda improving
“Al-Qaeda managed to achieve important political gains precisely because it has learned strategic benefits of civilian restraint,” says analyst
Dates: Ramadan traditions at Muslim iftar worldwide
The majority of Muslims break their fast with dates in different countries of the world because of its high nutritional value which is suitable for fasting and is considered one of the Sunnah (traditions) of the Prophet. You will find that Muslims buy dates in abundance before the month of Ramadan so that it is …
Suez Canal Bank opens 44th branch
Chairperson inaugurates new branch in Beni Suef
EALB launches new retail banking package for first time in its history
Bank turned into real estate investment, commercial bank within short period of time: Kamal
National Bank of Greece-Egypt leaves market after 100 years
Assets sold to Bank Audi worth €110m including loans, deposits, securities,17 branches with 250 employees
Makasa Sport capital to increase by EGP 58m in H2 of 2019
Company will be listed on EGX before end of year and offering will take place next year
EGX to unify registration rules, circulation, disclosure in countries of Union of Arab stock exchanges
We will promote use of financial technology in Arab stock exchanges to counter informal markets: Farid