Economy
Egypt organizes Investment Conference in September
July 22, 2015
Egypt organizes Investment Conference in September
The Egyptian General Authority for Investment (GAFI) is planning to sign a contract with an international company to organize an…
Precious-Gold falls to near 5-year low as bearish view holds
July 22, 2015
Precious-Gold falls to near 5-year low as bearish view holds
Gold fell on Wednesday for a seventh session in eight, reflecting sustained downward pressure on the metal days after its…
CAPMAS: Egypt’s trade deficit rises 52.7% to LE24.6 bn in April 2015
July 21, 2015
CAPMAS: Egypt’s trade deficit rises 52.7% to LE24.6 bn in April 2015
Egypt's trade deficit increased to LE24.6 billion (US$3.2 billion) in April 2015, from LE16.11 a year earlier, the state's Central…
Egypt’s GASC receives wheat offers in tender- trade
July 21, 2015
Egypt’s GASC receives wheat offers in tender- trade
Egypt, one of the world's largest wheat importers, received offers from Russia, Romania, Ukraine and France in its latest wheat…
Egyptian pound steady at auction, stronger at exchange bureaus
July 21, 2015
Egyptian pound steady at auction, stronger at exchange bureaus
Egypt's central bank kept the Egyptian pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday after…
Egypt’s market gains LE170 million on Tuesday, EGX30 inches up 0.33%
July 21, 2015
Egypt’s market gains LE170 million on Tuesday, EGX30 inches up 0.33%
Egypt's market closed in green zone for forth session in a row, as the benchmark EGX30 index on Tuesday inched…
Egypt’s Suez Cement Q2 net profit tumbles 57% year-over-year
July 21, 2015
Egypt’s Suez Cement Q2 net profit tumbles 57% year-over-year
Suez Cement, Egypt's largest listed cement maker by market value, posted a second-quarter net profit of LE60.9 million (US$7.8 million)…
Market specialist: Egypt attractive for investment, problem in application of laws
July 20, 2015
Market specialist: Egypt attractive for investment, problem in application of laws
Former Capital Market Authority President Hany Sarie Eldin told the MENA that Egypt is an attractive market for investment in…
Trade Ministry considers website for businessmen eyeing Africa
July 20, 2015
Trade Ministry considers website for businessmen eyeing Africa
The Foreign Trade and Industry Ministry has disclosed plans to launch a website catering to Egyptian businessmen in search of investment…
Gold cuts losses after dive to 5-year low, risks remain
July 20, 2015
Gold cuts losses after dive to 5-year low, risks remain
Gold trimmed losses after falling as much as 4 percent to its lowest in more than five years on Monday…