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Egypt has obtained $23 billion in aid from Saudi Arabia, the United Arab Emirates and Kuwait in the 18 months since Islamist President Mohamed Mursi was ousted, Investment Minister Ashraf Salman said on Monday. Speaking at a business…

Allianz Egypt has recently launched a new health insurance program, "Best Doctors", in cooperation with the Best Doctors Company. The product provides customers with access to the world’s best doctors and treatment at internationally…

Egypt's income from tourism rose 27 percent to $7.5 billion in 2014 from $5.9 billion the previous year, the tourism minister Hisham Zaazou said on Sunday. The country received 9.9 million tourists in 2014, up from 9.5 million in 2013,…

Egypt's Finance Ministry Hany Kadry Dimian said that it expects that the country's economic growth will accelerate be between 5 and 5.5 percent during the next fiscal year, which ends in June 2016, adding that the country's economic growth…

Egypt is open for business, President Abdel Fattah El Sisi told potential investors on Monday on his first official visit to the UAE. “We welcome you in Egypt and will provide appropriate investment atmosphere. There are genuine investment…

Egypt's central bank cut its benchmark overnight deposit and lending rates by 50 basis points on Thursday to 8.75 and 9.75 percent respectively.

ALEXBANK (a member of the Intesa Sanpaolo Group) and Pharaonic American Life Insurance Company -MetLife Alico, one of the region’s leading insurance companies, launched a strategic partnership to provide comprehensive Bancassurance…

Fitch Ratings has upgraded Egypt's Long-term foreign and local currency Issuer Default Ratings (IDR) to 'B' from 'B-'. The Outlooks are Stable.  Fitch has also upgraded the issue ratings on Egypt's senior unsecured foreign and local…

Standard Chartered Global Research expects global growth to improve in 2015, rising to 3.4% from 2.9% in 2014, but says that confidence is crucial and will require more than just better economic indicators to drive it. We believe that what…

In light of the Italian-Egyptian business council meetings as part of President Abdel Fattah Al-Sisi's visit to Italy , AlexBank – (a member of Intesa Sanpaolo Group) signed a Memorandum of Understanding (MOU) on Industrial Cooperation and…