Egypt Independent
Egypt’s market gains L880 mn on Wednesday, EGX30 inches up 0.1%
Business
November 18, 2015
Egypt’s market gains L880 mn on Wednesday, EGX30 inches up 0.1%
Egypt's stock market closed in the green zone on Wednesday's session , as the benchmark EGX30 index on Thursday inched…
Egypt’s trade deficit decreases 25.7% in August 2015: CAPMAS
Business
November 18, 2015
Egypt’s trade deficit decreases 25.7% in August 2015: CAPMAS
Egypt's trade deficit decreased by 25.7 percent to LE27.9 billion (US$3.6 billion) in August 2015, from LE37.5 a year earlier,…
Security raids journalist’s Sinai residence in his absence: syndicate
Egypt
November 18, 2015
Security raids journalist’s Sinai residence in his absence: syndicate
The Journalists' Syndicate announced on Tuesday that it filed a complaint with the general prosecution demanding an investigation into a security…
Egypt’s market loses LE1.8 bn on Tuesday, EGX30 falls 1.1%
Business
November 17, 2015
Egypt’s market loses LE1.8 bn on Tuesday, EGX30 falls 1.1%
Egypt's market incurred losses on Tuesday, with benchmark index EGX30 falling 1.13 percent to reach 6,407 points and a LE666…
IFC’s clients boost financing for smaller businesses in MENA
Business
November 17, 2015
IFC’s clients boost financing for smaller businesses in MENA
The International Finance Corporation (IFC), a member of the World Bank Group, has announced in a statement that it helped…
$50 mn reward for information on terror attack: Russian Federal Security Service director
Egypt
November 17, 2015
$50 mn reward for information on terror attack: Russian Federal Security Service director
Weeks after the Russian passenger plane crash in Sinai on October 31, Russia announced for the first time on Tuesday…
ILO celebrates concluding training program for Red Sea tourism workers
Egypt
November 16, 2015
ILO celebrates concluding training program for Red Sea tourism workers
The Red Sea governor, as well as representatives from the International Labor Organization (ILO) office in Cairo, celebrated the conclusion…
IFC to provide loan to Credence Group to boost tourism
Egypt
November 16, 2015
IFC to provide loan to Credence Group to boost tourism
The International Finance Corporation (IFC), a member of the World Bank Group, announced Monday it will hold a signing ceremony…
Egypt’s market loses LE7.4 bn on Sunday, EGX30 slips 4.2%
Business
November 15, 2015
Egypt’s market loses LE7.4 bn on Sunday, EGX30 slips 4.2%
Egypt's market incurred heavy losses on Sunday, with benchmark index EGX30 plummeting 4.18 percent, reaching 6,522 points and a LE291…
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…
Turkish trade delegation visits Cairo after 2-year diplomatic drought
Egypt
November 11, 2015
Turkish trade delegation visits Cairo after 2-year diplomatic drought
A delegation from Turkey’s trade federation visited Egypt Sunday to discuss means of boosting trade after two years of tense…