According to the Income Statement of Bank Audi’s Egyptian subsidiary, net profit for 2018 gained an annual 24.15% to $73.13M. The Increase in profits came on the back of the increase in bank’s operations ... read more
According to financial statements released by Bank Audi, the bank’s Egyptian subsidiary recorded a 45.79% drop in net profits to $57.92 million. The statement of income reveals that the most notable ... read more
The Egyptian economy witnessed positive developments during the year 2017, thus sending strong messages of hope that the country is on the right path. Improved performance in Egypt’s key sectors, tighter ... read more
Check out the latest presentation prepared by the Research department of BLOMINVEST Bank on Egypt’s macroeconomic outlook : Egypt’s Macroeconomic Outlook read more
The macroeconomic picture in the MENA region was little changed during the second quarter of 2016. Oil-exporting countries were still trying to weather the impact of subdued oil prices on their fiscal and ... read more
No economic progress was recorded when it comes to Egypt during the second quarter of 2016. The country kept on suffering from draining foreign currency (FC) reserves and an overvalued exchange rate. From ... read more
The Beirut Stock Exchange managed to register its first weekly gain in August following four weeks of negative performance. Lebanon’s BLOM Stock Index (BSI) added 0.22% to end the week at 1,147.58 points, ... read more
The EGX 30 key drivers displayed a severely weak performance over the past year. This could be traced to the dual influence of a global rout in equity prices, driven mainly by losses incurred by investors ... read more
Weak oil prices and political climate continued to dictate economic performance in the MENA region during the first quarter of 2016. Despite the slight year-to-date uptick in oil prices, oil exporting ... read more
Egypt inaugurated 2016 with a bunch of new economic decisions and international deals topped by the Central Bank of Egypt’s (CBE) new monetary measures. As a matter of fact, the lack of net foreign ... read more
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