Economy
Egyptian Stock Exchange has financed companies with over LE100 bn in the last decade
June 10, 2015
Egyptian Stock Exchange has financed companies with over LE100 bn in the last decade
Egyptian Stock Exchange Chairman Mohamed Omran said the institution has provided over LE100 billion to finance companies in the last…
Egypt’s market loses LE1.2 billion on Wednesday, EGX30 down 0.25%
June 10, 2015
Egypt’s market loses LE1.2 billion on Wednesday, EGX30 down 0.25%
Egypt's stock market closed in the red zone for the fifth session in a row, as the benchmark EGX30 index…
UPDATE -Egypt’s annual core, urban inflation rise in May
June 10, 2015
UPDATE -Egypt’s annual core, urban inflation rise in May
Egypt's annual urban consumer inflation and core inflation both rose on Wednesday, driven in large part by rising food prices.Urban…
CIB says Citi Egypt retail deal includes $140 mn worth of assets
June 10, 2015
CIB says Citi Egypt retail deal includes $140 mn worth of assets
Commercial International Bank's (CIB) said on Wednesday its purchase of Citigroup's consumer banking business in Egypt includes about $140 million…
Egypt eyes 14 million more tourists than previously targeted
June 10, 2015
Egypt eyes 14 million more tourists than previously targeted
Egypt’s Tourism Minister Khaled Ramy has announced that the country is targeting 354 million hotel rooms to house 34 million…
Expert: Real estate tax law takes social justice into account
June 10, 2015
Expert: Real estate tax law takes social justice into account
Chairman of the Committee for Real Estate Property Tax at the French Chamber of Commerce Amr al-Monier said the real…
Egyptian pound stable at official auction and on black market
June 9, 2015
Egyptian pound stable at official auction and 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…
Egyptian lender CIB to buy Citi’s Egypt retail business
June 9, 2015
Egyptian lender CIB to buy Citi’s Egypt retail business
Commercial International Bank (CIB) has agreed to buy Citigroup's consumer banking business in Egypt, the North African country's largest listed…
Egypt’s market loses LE400 million on Tuesday, EGX30 down 0.13%
June 9, 2015
Egypt’s market loses LE400 million on Tuesday, EGX30 down 0.13%
Egypt's stock market closed in the red zone for the fourth session in a row, as the benchmark EGX30 index…
Report : Gulf expat workers send home $100 billion
June 9, 2015
Report : Gulf expat workers send home $100 billion
Foreigners working in the energy-rich Arab states of the Gulf sent more than $100 billion in remittances to their home…