Economy
Juhayna’s chairman barred from trading on Cairo bourse -sources
August 21, 2015
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
August 20, 2015
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%
August 20, 2015
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
August 20, 2015
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
August 20, 2015
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
August 20, 2015
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
August 20, 2015
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
August 20, 2015
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…
UPDATE: Egypt to lower top tax rate and threshold, freeze capital gains tax, in two weeks, says finance minister:
August 20, 2015
UPDATE: Egypt to lower top tax rate and threshold, freeze capital gains tax, in two weeks, says finance minister:
Egypt will lower the top tax rate and threshold for companies and individuals in high income brackets and freeze a…
Govt: Tourism up 4.4% in June
August 19, 2015
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…