Economy

Juhayna’s chairman barred from trading on Cairo bourse -sources

Juhayna’s chairman barred from trading on Cairo bourse -sources

The chairman of Juhayna, Egypt's largest dairy products and juices producer, has been barred from trading on the Cairo bourse…
Suez Canal commemorative coins issued before August end

Suez Canal commemorative coins issued before August end

The Finance Ministry will issue commemorative coins before the end of this month celebrating the inauguration of the New Suez Canal, a…
Egypt’s market loses LE3.6 billion on Thursday, EGX30 down 0.94%

Egypt’s market loses LE3.6 billion on Thursday, EGX30 down 0.94%

Egypt's market extended its heavy losses on Thursday's session, as the benchmark EGX30 index went down 0.94 percent, recording 7,172.63…
Aberdeen increases stake in Egypt’s Juhayna to 5.1 pct

Aberdeen increases stake in Egypt’s Juhayna to 5.1 pct

Aberdeen Asset Management increased its stake in Egyptian food firm Juhayna to 5.08 percent from 4.38 percent, the Britain-based fund…
Egyptian pound steady at official auction, weaker at exchange bureaus

Egyptian pound steady at official auction, weaker at exchange bureaus

Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Thursday, and the…
Million-condo project still being negotiated, UAE developer reiterates

Million-condo project still being negotiated, UAE developer reiterates

Emirati real estate giant Arabtec has said that negotiations are still ongoing with the Egyptian government for a one-million-home project,…
UPDATE: Egypt’s Ezz Steel says output hit by forex shortages

UPDATE: Egypt’s Ezz Steel says output hit by forex shortages

Egypt's largest steel maker Ezz Steel's net loss in the first quarter of 2015 increased to LE136 million ($17 million)…
Kuwait’s Al Ahli gets Egypt regulatory nod to buy Piraeus unit

Kuwait’s Al Ahli gets Egypt regulatory nod to buy Piraeus unit

 Kuwait's Al Ahli Bank received approval from the Egyptian Financial Supervisory Authority (EFSA) to acquire a controlling stake in Piraeus…
Govt: Tourism up 4.4% in June

Govt: Tourism up 4.4% in June

Tourism to Egypt increased by 4.4 percent in June, according to a government report which said the number surged from…
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