Economy

Warnings of applying the value-added tax

Warnings of applying the value-added tax

A senior Finance Ministry official said the Interior Ministry and other state agencies warned of applying a new value-added tax…
Ezz Steel posts Q2 net loss of $36.32 mn

Ezz Steel posts Q2 net loss of $36.32 mn

Egypt's Ezz Steel's net loss in the second quarter of 2015 widened to LE291.63 million (US$36.32 million) from LE162.67 million…
Egypt’s market gains LE110 mn on Wednesday, EGX30 edges up 0.2%

Egypt’s market gains LE110 mn on Wednesday, EGX30 edges up 0.2%

Egypt's stock market closed in the green zone on Wednesday, as the benchmark EGX30 index edged up 0.23 percent to…
Egyptian president approves $2.2 bn oil and gas exploration contracts

Egyptian president approves $2.2 bn oil and gas exploration contracts

Egypt's president Abdel Fattah al-Sisi approved six new oil and gas exploration contracts for investments worth at least US$2.2 billion,…
Egypt’s market loses LE430 mn on Tuesday, indexes almost flat

Egypt’s market loses LE430 mn on Tuesday, indexes almost flat

Egypt's stock market closed with indexes nearly flat after Tuesday's session, as the benchmark EGX30 index, the small- and mid-cap…
Egypt’s Beltone Financial expects to manage four flotations in early 2016

Egypt’s Beltone Financial expects to manage four flotations in early 2016

 Egypt's Beltone Financial Holding expects to manage four stock market flotations worth a total of more than LE2.5 billion ($311…
EBRD earmarks $250 mn for renewables in N. Africa, Middle East

EBRD earmarks $250 mn for renewables in N. Africa, Middle East

The European Bank for Reconstruction and Development (EBRD) has launched a $250 million financing programme to spur private sector investment…
Egyptian pound steady at dollar sale, weaker at parallel market

Egyptian pound steady at dollar sale, weaker at parallel market

 The Egyptian pound was stable at a dollar sale on Tuesday, as the central bank sold $37.8 million at a…
Egypt’s Suez Cement reports Q3 net loss

Egypt’s Suez Cement reports Q3 net loss

Egypt's Suez Cement, the country's largest listed cement maker by market value, said it made a net loss of LE50…
Cabinet officials meet with traders over price hikes

Cabinet officials meet with traders over price hikes

Supply and Internal Trade Ministry and Finance Ministry officials held meetings with representatives of commercial chains and the head of…
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