Second parliamentary committee recommends dropping MP Sadat’s membership
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Second parliamentary committee recommends dropping MP Sadat’s membership

A parliamentary committee on Sunday voted in favor of revoking MP Mohamed Anwar Sadat’s membership following accusations that he leaked a draft law to foreign embassies, and defamed…

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Highs of 25C forecast for Cairo on Monday
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Highs of 25C forecast for Cairo on Monday

Warm weather is expected to prevail on Monday in the north, according to meteorologists. Visibility will be reduced on northern coasts, the Delta, Cairo, canal provinces and central…

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Egypt to receive US$1 billion World Bank loan in March: CBE governor
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Finance ministry working to reduce budget deficit to 3-4% by 2021: El-Garhy
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Finance ministry working to reduce budget deficit to 3-4% by 2021: El-Garhy

Minister of Finance Amr El-Garhy said during a meeting of the American Egyptian Chamber (AmCham), that the ministry is working to reduce the budget’s deficit to 3-4% by…

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UK funds Egyptian entrepreneurs with £1.1m
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UK funds Egyptian entrepreneurs with £1.1m

The United Kingdom (UK) decided it will fund Egyptian entrepreneurs with £1.1m over a period of three years, UK foreign secretary Boris Johnson declared in his meeting with…

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Coptic families’ outflow from Al-Arish heading to Ismailia is still ongoing: residents
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Coptic families’ outflow from Al-Arish heading to Ismailia is still ongoing: residents

For the third consecutive day, the outflow of Coptic families deciding to flee their residences located in the North Sinai city of Al-Arish to the governorate of Ismailia…

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BRIEF-Ajwa For Food Industries Co Egypt FY standalone profit rises
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BRIEF-Ajwa For Food Industries Co Egypt FY standalone profit rises

Feb 26 (Reuters) – Ajwa for Food Industries Co Egypt : * FY standalone net profit EGP 19.7 million versus EGP 10.5 million year ago * FY standalone…

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BRIEF-Egypt’s Sinai Cement posts FY profit
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BRIEF-Egypt’s Sinai Cement posts FY profit

Feb 26 (Reuters) – Sinai Cement Co * FY consol net profit EGP 14.6 million versus loss of EGP 38.9 million year ago * FY consol net sales…

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Average yields rise on Egypt’s three, nine-month T-bills
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Average yields rise on Egypt’s three, nine-month T-bills

CAIRO Feb 26 (Reuters) – Average yields on Egypt’s three-month and nine-month treasury bills rose at an auction on Sunday, data from the central bank showed. Yields on…

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BRIEF-Egypt’s Palm Hills Developments in talks with banks for EGP 852 mln loan
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BRIEF-Egypt’s Palm Hills Developments in talks with banks for EGP 852 mln loan

Feb 26 (Reuters) – Palm Hills Developments Company Sae * In talks with banks to obtain loan worth EGP 852 million, no agreement has yet been signed Source:…

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