Egypt Independent

Egypt’s market gains LE1.13 billion on Thursday, EGX30 rises 0.9%
Business

Egypt’s market gains LE1.13 billion on Thursday, EGX30 rises 0.9%

Egypt's market on Thursday recovered slightly from a steep downtrend, as the benchmark EGX30 index rose by 0.88 percent, recording…
Activist arrested at airport en route to Qatar
Egypt

Activist arrested at airport en route to Qatar

A political activist was arrested on Thursday at Cairo International Airport on his way to Qatar, as his name was…
PM inaugurates “Creative Egypt”, a grand handicrafts outlet
Business

PM inaugurates “Creative Egypt”, a grand handicrafts outlet

Prime Minister Ibrahim Mehleb opened on Wednesday a permanent market for handicrafts at the Omar Effendi department store in Mohandessin. Mehleb,…
Juhayna, Arla Foods in partnership agreement
Business

Juhayna, Arla Foods in partnership agreement

Egyptian dairy giant Juhayna and Danish Arla Foods have signed a partnership agreement for the establishment of a joint venture…
Egypt’s market loses LE6.4 billion on Wednesday, EGX30 falls 2.6%
Business

Egypt’s market loses LE6.4 billion on Wednesday, EGX30 falls 2.6%

Egypt's market incurred heavy losses on Wednesday for the fourth session in a raw, as the benchmark EGX30 index dropped…
CPJ condemns escalating journalists detentions in Egypt
Egypt

CPJ condemns escalating journalists detentions in Egypt

An international journalists group has condemned rising detentions of journalists in Egypt that have been coupled with government plans to…
Egypt’s market loses LE4.9 billion on Tuesday, EGX30 drops 1.5%
Business

Egypt’s market loses LE4.9 billion on Tuesday, EGX30 drops 1.5%

Egypt's market incurred heavy losses on Tuesday for the third session in a raw, as the benchmark EGX30 index fell…
US$1bn Eurobonds to finance Egypt’s AIIB share
Business

US$1bn Eurobonds to finance Egypt’s AIIB share

According to anonymous government sources, the Egyptian government is currently preparing to offer new Eurobonds, worth US$1 billion, to finance…
Nubians to protest Zamalek SC chief’s derogatory remarks
Egypt

Nubians to protest Zamalek SC chief’s derogatory remarks

Nubian activists are planning to hold a demonstration outside the Ministry of Youth on Thursday evening, in protest against the…
Egyptian kidnapped by militants in Libya
Egypt

Egyptian kidnapped by militants in Libya

Unknown militants kidnapped an Egyptian national on Monday in the city of Sabha, according to a security source in the…
Egypt’s credit jumps by 18.4% during July/April 2014/15
Business

Egypt’s credit jumps by 18.4% during July/April 2014/15

Banks' credit balances in Egypt jumped  by 18.4 percent or LE108 billion (US$14 billion) during July/April 2014/2015, according to the…
16th Global Symposium for Regulators to be held in Egypt next year
Egypt

16th Global Symposium for Regulators to be held in Egypt next year

Egypt has been selected to host the 16th Global Symposium for Regulators (GSR), affiliated to the International Telecommunications Union (ITU), in…
Egyptians winning emigration approval up by 17.4%
Egypt

Egyptians winning emigration approval up by 17.4%

The number of Egyptians who had won official approvals to migrate abroad moved up by 17.4 percent during 2014, according…
Egypt’s market loses LE11.9 billion on Monday, EGX30 falls 4.2%
Business

Egypt’s market loses LE11.9 billion on Monday, EGX30 falls 4.2%

Egypt's market lost ground on Monday's session, as the benchmark EGX30 index dropped plummeted by 4.23 percent, recording 7,870.78  points…
Industry, finance ministers to establish Egyptian Trade Network
Business

Industry, finance ministers to establish Egyptian Trade Network

The ministers of industry and finance agreed to take operational steps to establish a network for the development of Egyptian…
Newspaper: Govt close to IMF loan
Business

Newspaper: Govt close to IMF loan

The Egyptian government is nearing a deal with the International Monetary Fund for a financial loan that Egypt hopes would…
Egypt’s natural gas production drops 4.5%
Business

Egypt’s natural gas production drops 4.5%

Egypt’s average natural gas production has declined to 4.395 bcf/day y-t-d, down from 4.6 bcf/day in 2014, according to daily…
Report: Govt reduces energy subsidies by 40%
Economy

Report: Govt reduces energy subsidies by 40%

A recent report issued by the Cairo Center for Economic Studies on energy subsidies has shown that the government has…
Egypt’s market gains LE12.2 billion on Sunday, while EGX30 drops 1.2%
Business

Egypt’s market gains LE12.2 billion on Sunday, while EGX30 drops 1.2%

Egypt's market traded sideways on Sunday's session, as the benchmark EGX30 index declined by 1.16 percent, recording 8,218.25 points and…
Egypt Seeks LE262 billion debt sales this quarter
Business

Egypt Seeks LE262 billion debt sales this quarter

The Egyptian government will seek to raise LE262 billion from the sale of domestic debt in the  first quarter of 2015/16…
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