Germany to loan Egypt 4.1 bn euros for electricity
Business
November 15, 2015
Germany to loan Egypt 4.1 bn euros for electricity
German credit insurance agency Euler Hermes will underwrite a 4.1 billion euro loan to Egypt from a consortium of German…
Egypt’s market loses $3.5 bn in a week, EGX30 index drops 10%
Business
November 13, 2015
Egypt’s market loses $3.5 bn in a week, EGX30 index drops 10%
Egypt's stock market witnessed heavy losses of US$3.5 billion this week, as all indexes dropped, Egyptian Exchange data showed. The main…
Egypt’s market gains L710 mn on Thursday, EGX30 inches up 0.1%
Business
November 12, 2015
Egypt’s market gains L710 mn on Thursday, EGX30 inches up 0.1%
Egypt's stock market closed in the green zone after a four-day selloff, as the benchmark EGX30 index on Thursday inched…
Free entry marks Egyptian Museum’s 113th anniversary
Egypt
November 12, 2015
Free entry marks Egyptian Museum’s 113th anniversary
The Egyptian Museum will mark its 113th anniversary next Monday and locals and foreigners living in the country will be…
Egypt’s non-petroleum exports increased by 0.52% in October
Business
November 12, 2015
Egypt’s non-petroleum exports increased by 0.52% in October
Trade and Industry Minister Tarek Kabil said that for the first time since the start of 2015 Egyptian non-petroleum exports…
Presenter censures Swedish ambassador over journalist’s arrest remarks
Egypt
November 12, 2015
Presenter censures Swedish ambassador over journalist’s arrest remarks
TV host Ahmed Moussa criticized Sweden’s ambassador to Cairo for allegedly defending an Egyptian journalist who was briefly detained and…
Cairo University expels 27 students, political activism suspected
Egypt
November 11, 2015
Cairo University expels 27 students, political activism suspected
Cairo University expelled 27 students this week without prior notice, news reports have said, indicating that their past political activism…
Egypt’s market loses LE1.3 bn on Wednesday, EGX30 down 0.3%
Business
November 11, 2015
Egypt’s market loses LE1.3 bn on Wednesday, EGX30 down 0.3%
Egypt's stock market closed in the red zone on Wednesday, for the fourth session in a row, as the benchmark…
EFG joins consortium to acquire Egypt’s e-payment service
Business
November 11, 2015
EFG joins consortium to acquire Egypt’s e-payment service
EFG Hermes, one of the Middle East’s leading investment banks, has joined a consortium to acquire a majority stake in…
VIDEO: Egypt’s tourism sector awaits potential blow following Russian plane crash
Egypt
November 11, 2015
VIDEO: Egypt’s tourism sector awaits potential blow following Russian plane crash
Following the October 31 crash of a Russian passenger plane that killed 224 civilians, speculation over whether or not the…