Egypt Independent
Egypt targets LE417 investments this fiscal year
Business
July 5, 2015
Egypt targets LE417 investments this fiscal year
The Egyptian government is targeting LE416.6 billion (US$55 billion) in investments for the fiscal year of 2015/16, compared to LE353.7…
Emaar Misr shares up for stock market trading
Business
July 5, 2015
Emaar Misr shares up for stock market trading
The Egyptian Exchange began Sunday trading on the shares of Emaar Misr, days after the company offered 600 million shares…
Center predicts outcome for Egypt’s anti-terror battle
Business
July 5, 2015
Center predicts outcome for Egypt’s anti-terror battle
An economic research center has predicted possible outcomes for Egypt’s economy based on positive or negative results stemming from the…
Sadat Metro station reopens on Saturday
Egypt
July 4, 2015
Sadat Metro station reopens on Saturday
The Egyptian authorities reopened on Saturday the Sadat Metro station, according to the Egyptian Company for Metro Management and Operation…
Egypt’s market loses LE2.2 bn in week, EGX30 index down 1.1%
Business
July 3, 2015
Egypt’s market loses LE2.2 bn in week, EGX30 index down 1.1%
Egypt's stock market has witnessed losses of LE2.15 billion this week, as all indexes were down, Egyptian Exchange data showed. The…
CAPMAS highlights strong US-Egypt economic trade
Egypt
July 2, 2015
CAPMAS highlights strong US-Egypt economic trade
CAPMAS issued Thursday a summary of economic relations between Egypt and the US which included the size of import and…
Egypt’s market loses LE1.2 billion on Thursday, EGX30 drops 0.7%
Business
July 2, 2015
Egypt’s market loses LE1.2 billion on Thursday, EGX30 drops 0.7%
Egypt's market traded sideways on Thursday's session, as the benchmark EGX30 index went down by 0.68 percent, recording 8,341.72 points…
Govt report: Number of foreigners working in private, investment sectors down by 8.3%
Business
July 1, 2015
Govt report: Number of foreigners working in private, investment sectors down by 8.3%
The number of foreign nationals working in Egypt’s private and investment sectors fell down by 8.3 percent in 2014, the…
Minister: Henkel to invest LE300 million in Egypt
Business
July 1, 2015
Minister: Henkel to invest LE300 million in Egypt
Industry and Trade Minister Mounir Fakhry Abdel Nour has announced that Henkel, one of the largest global companies that produces home and…
Sinai Province claims responsibility for North Sinai attacks
Egypt
July 1, 2015
Sinai Province claims responsibility for North Sinai attacks
In a statement circulated on social media, the Sinai Province, a pro-Islamic State militant group, has claimed responsibility for the…
UNICEF: Millions of Yemeni children at risk of preventable diseases due to ongoing crisis
Middle East
June 30, 2015
UNICEF: Millions of Yemeni children at risk of preventable diseases due to ongoing crisis
According to a recent statement issued by the UNICEF, millions of children are currently exposed to preventable diseases as the…
Foreign Affairs: Sisi using supposed fight against corruption as cover for it
Egypt
June 30, 2015
Foreign Affairs: Sisi using supposed fight against corruption as cover for it
President Abdel Fattah al-Sisi is using a supposed fight against corruption as a cover for it and many of Egypt’s…
UNHCR campaign aims to give voices to refugees
Middle East
June 30, 2015
UNHCR campaign aims to give voices to refugees
The United Nations High Commissioner for Refugees (UNHCR) has launched a campaign aiming to give voices to the millions of…
Foreign Ministry fires back at Amnesty International report
Egypt
June 30, 2015
Foreign Ministry fires back at Amnesty International report
Egypt’s Ministry of Foreign Affairs has condemned a report issued by the London-based Amnesty International, in which it criticized the…
EGX vacation on Tuesday for occasion of June 30
Business
June 30, 2015
EGX vacation on Tuesday for occasion of June 30
The Egyptian Exchange (EGX) is closed on Tuesday upon the decision of Ibrahim Mehleb, the prime minister, it was decided…
UN’s Ban Ki-Moon condemns chief prosecutor’s assassination
Egypt
June 30, 2015
UN’s Ban Ki-Moon condemns chief prosecutor’s assassination
The United Nations condemned on Monday the killing of Egypt’s General Prosecutor Hesham Barakat, who died of his injuries after a…
Egypt seeks Huajian contribution to leathers hub
Business
June 29, 2015
Egypt seeks Huajian contribution to leathers hub
Egypt is negotiating with Chinese leather manufacturing giant Huajian Group to establish the latter’s contribution in a leather industry hub…
Egypt’s market loses LE4.4 billion on Monday, EGX30 drops 1.7%
Business
June 29, 2015
Egypt’s market loses LE4.4 billion on Monday, EGX30 drops 1.7%
Egypt's market lost ground on Monday’s session, as the benchmark EGX30 index fell 1.65 percent, recording 8,371.53 points and a…
Egypt’s passenger cars sales fall 22% y-o-y in May
Business
June 29, 2015
Egypt’s passenger cars sales fall 22% y-o-y in May
Egypt’s passenger car sales fell 22 percent year-over-year in May to 13,000 cars, according to a report by the Automotive…
Newspaper: MCIT withdraws from national telecommunication infrastructure project
Egypt
June 29, 2015
Newspaper: MCIT withdraws from national telecommunication infrastructure project
The Communication and Information Technology Ministry (MCIT) has officially withdrawn from establishing the national telecommunication infrastructure entity, official sources said, according…