Economy

250 companies established over last week in Egypt: Minister

250 companies established over last week in Egypt: Minister

Investment Minister Ashraf Salman announced that 250 companies were established over the last week, according to the data of the…
Egypt’s Global Telecom to move headquarters to Amsterdam

Egypt’s Global Telecom to move headquarters to Amsterdam

 Egypt-listed Global Telecom (GTH) will move its operational headquarter to Amsterdam from Cairo, the firm said in a statement on…
Telecom Egypt appoints Waleed Gad as new chairman: statement

Telecom Egypt appoints Waleed Gad as new chairman: statement

Egypt's state-owned landline telecom monopoly Telecom Egypt has appointed Waleed Gad its new chairman, the company said in a statement…
Presidential decree approves finance of investment project between Egypt, IFAD

Presidential decree approves finance of investment project between Egypt, IFAD

President Abdel Fattah Al-Sisi issued a decree on Sunday approving an agreement signed on February 20 to finance a sustainable…
MIDEAST STOCKS: Background mixed for Gulf ahead of Eid break

MIDEAST STOCKS: Background mixed for Gulf ahead of Eid break

Firmer oil may support Gulf stock markets on Monday, but a slump in Asian equities and the approaching Eid al-Adha…
Egypt’s market loses LE2.1 bn on Sunday, indexes mixed

Egypt’s market loses LE2.1 bn on Sunday, indexes mixed

Egypt's stock market ended its Sunday session with a mixed performance, as the benchmark EGX30 index and the broader EGX100…
Afreximbank increases financial allocation to African trade from $500 mn to $1 bn

Afreximbank increases financial allocation to African trade from $500 mn to $1 bn

Afreximbank has increased the financial allocation to trade between African countries from US$500 million to $1 billion, according to Chairman…
Subsidies, Gulf aid to reduce if oil price drops to US$20: center

Subsidies, Gulf aid to reduce if oil price drops to US$20: center

A drop in oil prices to US$20 per barrel could decrease financial and in-kind aid Egypt receives from Gulf countries,…
Egyptian pound stable at dollar sale and exchange bureaus

Egyptian pound stable at dollar sale and exchange bureaus

The Egyptian pound was held steady by the central bank at a dollar sale on Sunday, as it sold US$37.8…
MIDEAST STOCKS-Saudi shares slide on oil, Fed; Egypt also weak

MIDEAST STOCKS-Saudi shares slide on oil, Fed; Egypt also weak

Saudi Arabia's stock index fell in early trade on Sunday as unchanged U.S. Federal Reserve rates meant no boost for…
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