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Industrial sector owes EGAS EGP 7bn in debts

The debts of the industrial sector owed to the Egyptian Natural Gas Holding Company (EGAS) amounted to EGP 7bn, according to a source at the company. According to the source, who asked not to be named, the indebtedness of the industrial sector has increased recently as a result of factories tending to pay only a …

Ahmed Ismail

Industrial sector accounts for 32.6% of credit facilities in April: CBE

The industrial sector accounted for 32.6% of the total credit facilities granted by banks in April, according to the Central Bank of Egypt (CBE). In its monthly bulletin on the performance of the banking sector, the CBE stated that the total balances of credit facilities granted by banks rose by EGP 147.4bn between July 2015 …

Hossam Mounir

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