Economy
Egypt’s market loses LE1.8 bn on Tuesday, EGX30 falls 1.1%
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
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…
EBRD finances Damanhour power plant
November 17, 2015
EBRD finances Damanhour power plant
International Cooperation Minister Sahar Nasr signed a US$200 million agreement with the European Bank for Reconstruction and Development (EBRD) on…
UPDATE: Egyptian pound steady at auction, weaker on parallel market
November 17, 2015
UPDATE: Egyptian pound steady at auction, weaker on parallel market
Egypt's central bank kept the pound steady at LE7.7301 to the dollar at its official foreign currency auction on Tuesday,…
FEP’s investments in Egypt hit $1bn over 4 years: General Manager
November 16, 2015
FEP’s investments in Egypt hit $1bn over 4 years: General Manager
The Bahraini-headquarters First Equity Partner Group, a major investment bank in the Middle East region, has pumped more than one…
Alexandria 2 oil fields to make Egypt regional energy center: minister
November 16, 2015
Alexandria 2 oil fields to make Egypt regional energy center: minister
Egypt's two newly discovered oil fields, Zohr and North Alexandria, which will start production in 2017, will help make Egypt…
Japan relapses into recession in July-September, a blow to ‘Abenomics’
November 16, 2015
Japan relapses into recession in July-September, a blow to ‘Abenomics’
Japan slipped into its fourth technical recession in five years between July and September - spotlighting how the government's "Abenomics"…
Dubai’s Arabtec plans to build 13,000 homes in Egypt
November 16, 2015
Dubai’s Arabtec plans to build 13,000 homes in Egypt
Dubai builder Arabtec has submitted a proposal to Egypt's government to construct 13,000 homes in the North African country, the…
Telecom Egypt posts 360% jump in Q3 net profit
November 16, 2015
Telecom Egypt posts 360% jump in Q3 net profit
Telecom Egypt, the country's state-owned landline monopoly, posted a 360 percent jump in its third quarter net profit, the company…
Asian shares, currencies slide after Paris attacks, data
November 16, 2015
Asian shares, currencies slide after Paris attacks, data
Asian stocks fell to six-week lows on Monday and emerging market currencies wilted as investors sought the safety of the…