Israel strikes areas in Syria, Hizbollah says drones also target Beirut
Syria and Lebanon condemn incidents describing them provocation and violation by Israel
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Ora Developers allocates EGP 1bn investments to ZED project in Sheikh Zayed in 2019, EGP 50bn expected sales
Company has applied for acquisition of an 850-feddan land plot in North Coast, says CEO
2nd Think Commercial round-table to start Tuesday, under auspicies of Housing Minister
The roundtable will be held under the patronage of Minister of Housing, Utilities and Urban Communities Assem El Gazzar.
Limited interest rate cuts at banks’ on first business day following CBE decision
Yield on T-bills on Sunday’s auction dropped by 0.75-1.5%
Egypt’s natural gas production to fall by 70m scf/month in FY 2020: EGAS
Domestic production increases by 7bn scf/day end-2019
We need to work together to face challenges in Africa: Al-Sisi
President focuses on fighting terrorism, illegal migration, empowering women
Changelabs supports startups with EGP 2m
ValU contracted with an insurance company to install the value of car insurance
Cement sector dynamics remain exceptionally challenging
Accordingly, we like companies that operate towards the lower end of the cash cost curve such as Arabian Cement Company (ARCC), cash rich companies such as Misr Beni Suef Cement (MBSC) and Suez Cement (SUCE) should the company succeed in unlocking the value of non-core assets
EGX attractiveness wins after new interest rate cut
Decline in return on investment revives EGX investments in tandem with IPO activity
Private sector awaits further interest cuts to resume borrowing from banks: HC
Banks are likely to extend deposit maturity to grant long-term loans without exceeding interest risk limit set by CBE
Egypt’s business community awaits more interest rates’ cuts to boost investment
Monetary easing cycle to create jobs, positively reflect on middle class, say experts
Banks to start intensive meetings Sunday to discuss implications of interest rate cuts
Government welcomes decision, investment banks forecast further cuts by end-2019, depositors are most affected,
HDB achieves EGP 1.072bn net profits June-end
Deposits up EGP 3.1bn, loans grow by EGP 1.24bn, capital adequacy ratio climbs to 19.95%
Fitch Learning holds 1st graduation ceremony of Credit Academy
The launch of the international Credit Academy and certification were offered locally through providing two Credit Academies in Egypt starting June 2019 that ran for eight consecutive weeks full-time