Economy
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…
Oil ministry: Eni discovers up to 15 bn cubic metres of gas in Egypt
July 20, 2015
Oil ministry: Eni discovers up to 15 bn cubic metres of gas in Egypt
Italy's Eni has discovered gas reserves of up to 15 billion cubic metres in Egypt's Nile Delta region, with production…
5 new areas will be put up to investment to establish logistical areas for grains, vegetables, fruits
July 19, 2015
5 new areas will be put up to investment to establish logistical areas for grains, vegetables, fruits
Five new areas will be put up to investment in Upper Egypt, Delta and Canal cities in order to establish…
IDA: 2,024 projects at LE33.4bn approved in 2014/15 FY
July 19, 2015
IDA: 2,024 projects at LE33.4bn approved in 2014/15 FY
Minister of Industry and Trade Munir Fakhry Abdel Nour said a big leap has been achieved in the rates of…
Trade exchange volume between Egypt, Algeria up 11.2%
July 18, 2015
Trade exchange volume between Egypt, Algeria up 11.2%
Egypt's Trade Minister Plenipotentiary to Algeria Mohamed Sherif Fathy said that the volume of trade exchange between Egypt and Algeria…