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Saudi Fund for Development allocates EGP 1.4 billion to finance 3 projects in Egypt

The Saudi Fund for Development (SFD) signed three concessional loan agreements with the Egyptian Government. The agreements were signed on Monday 3rd 2012, in Cairo, by the Egyptian Minster of Planning and International Cooperation, Ashraf Al-Araby, and SFD Vice President and Managing Director, Yousef Al-Bassam. As per the first agreement, SFD grants Egypt  EGP 547 million, in a  concessional development …

Mohamed El-Bahrawi

ASEA to launch the Pan-African Index

The President of the African Securities Exchanges Association (ASEA), Sunil Benimadhu, talks to Daily News Egypt, discussing Africa’s potential as an investment destination and the role of securities exchanges in promoting and benefiting from such potential.

Liliana Mihaila

CIB inaugurates electronic Corporate Payment System

The Commercial International Bank (CIB) has inaugurated the first centre to pay custom fees and sales taxes electronically in the “Goods village” at Cairo international airport with a system called corporate payment system (CPS). It is planned to serve businessmen and large sized companies, said the head of customs authority Mohamed El-Salhawy. Businessmen and large …

Sara Abou Bakr

EGX continues sideways movement reflecting market uncertainty

The stock exchange’s main indicator, the EGX30, reflected ongoing instability in the market with a shaky day of trading Wednesday. A slight dip started the day, followed by an up-swing that lasted until midday before it closed at 5,668 points, losing 0.38 per cent of its value. The market has been sensitive to contradictory news …

Mohamed Salah

Egyptian economy in draft constitution

The objective of the national economy is to achieve balanced sustainable development, protect the production and income increase, and guarantee social justice, and solidarity and welfare.

Mohamed Salah

Shell: Egypt’s ample resources could meet domestic supply

The Country Chair and Managing Director of oil giant Royal Dutch Shell, Jeroen Regtien, talks to the Daily News Egypt, highlighting the company’s vision in post-revolution Egypt, the impediments curbing the organic growth of the sector and voices his suggestions on how the government can resolve structural hindrances.

Mohamed El-Bahrawi