Economy
Egypt agrees deal with BP for LNG supply
June 22, 2015
Egypt agrees deal with BP for LNG supply
Egypt has agreed a liquefied natural gas (LNG) supply deal with British oil major BP through 2015 and 2016, but for less…
Egyptian pound steady on official market, stronger on black market
June 21, 2015
Egyptian pound steady on official market, stronger on black market
Egypt's central bank kept the pound's exchange rate steady at 7.53 to the dollar at a foreign exchange auction on…
Egypt’s market loses LE1.6 billion on Sunday, EGX30 down 0.5%
June 21, 2015
Egypt’s market loses LE1.6 billion on Sunday, EGX30 down 0.5%
Egypt's stock market closed in the red zone on Sunday, as the benchmark EGX30 index went down by 0.48 percent,…
CAPMAS: Egypt’s industrial production index decreases 13.8% in April
June 21, 2015
CAPMAS: Egypt’s industrial production index decreases 13.8% in April
Egypt's Industrial Production Index (without crude oil and petroleum products) decreased 13.8 percent in April 2015, compared to March 2015,…
Ministries win extension for MoUs on March conference projects
June 21, 2015
Ministries win extension for MoUs on March conference projects
The Cabinet has ordered a 90-day extension for the memorandums of understanding regarding the projects agreed upon during the Egypt…
Russia offers Egypt wheat to be paid for in rubles
June 21, 2015
Russia offers Egypt wheat to be paid for in rubles
According to Trade and Industry Minister Mounir Fakhry Abdel Nour, Egypt has received a proposal to obtain wheat shipments from…
Planning minister: VACSERA will settle debts
June 19, 2015
Planning minister: VACSERA will settle debts
Planning Minister Ashraf al-Araby said a plan has been devised to settle all the debts of the Holding Company for…
Egypt’s market gains LE740 mn in week, while EGX30 index down 0.6%
June 19, 2015
Egypt’s market gains LE740 mn in week, while EGX30 index down 0.6%
Egypt's stock market has witnessed slightly gains of LE740 million this week, and indexes were mixed, Egyptian Exchange data showed. The…
Noble Group to supply Egypt with LNG cargo
June 18, 2015
Noble Group to supply Egypt with LNG cargo
Commodities trader Noble Group will supply a single liquefied natural gas (LNG) cargo to Egypt in late June after winning…
Egypt’s SODIC says accepts resignation of managing director
June 18, 2015
Egypt’s SODIC says accepts resignation of managing director
The board of directors at SODIC has accepted the resignation of its managing director, Egypt's third largest listed real estate…