Economy

Egyptian pound steady at dollar sale, exchange bureaux

Egyptian pound steady at dollar sale, exchange bureaux

Egypt's central bank kept the pound steady at a dollar sale on Tuesday, selling $37.8 million at a cut-off price…
Economic ministerial group considers devaluation of Egyptian pound: Minister

Economic ministerial group considers devaluation of Egyptian pound: Minister

Investment Minister Ashraf Salman announced that the ministerial economic group is seriously considering the devaluation of the Egyptian pound in…
Ernst & Young: Egyptian market has promising opportunities for acquisitions and mergers

Ernst & Young: Egyptian market has promising opportunities for acquisitions and mergers

Midhat  Afifi, financial advisor to Ernst & Young, has said that investment in Egypt requires unconventional ideas, as well as…
Former finance minister: Dangers facing Egyptian economy becoming less intense

Former finance minister: Dangers facing Egyptian economy becoming less intense

Former Finance Minister Ahmed Galal has said that the Egyptian economy can grow by between 4 and 4.5 percent with…
Outsourcing is the telecommunications sector’s tool for attracting investment

Outsourcing is the telecommunications sector’s tool for attracting investment

Egypt is a leader in outsourcing, a main tool for investment in the telecommunications and information technology sector.  In the…
Fate of 4G mobile phone license still unknown after 6-year study‏

Fate of 4G mobile phone license still unknown after 6-year study‏

The fate of the 4G mobile phone license, the largest project in the Egyptian telecommunications sector, is still unknown after…
Hikma says to buy Egyptian pharma firm EIMC United

Hikma says to buy Egyptian pharma firm EIMC United

Hikma Pharmaceutical Plc said it would buy nearly the entire share capital of EIMC United Pharmaceuticals, a drugmaker specialising in…
Egypt’s finance minister says new gas find won’t hurt reform

Egypt’s finance minister says new gas find won’t hurt reform

 Egypt's finance minister says that the discovery of a massive new offshore natural gas field will not slow down his…
Egypt’s market loses LE5.8 bn on Monday, EGX30 declines 1.5 %

Egypt’s market loses LE5.8 bn on Monday, EGX30 declines 1.5 %

Egypt's market closed in the red zone on Monday's session, as the benchmark EGX30 index went declined 1.48 percent 7,166.6…
Egypt signs deal with China Construction to build, finance, part of new capital

Egypt signs deal with China Construction to build, finance, part of new capital

 Egypt signed an agreement with a Chinese company on building and financing part of a planned new administrative capital east…
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