Economy
Egyptian central bank says met half foreign investors’ dollar backlog
June 9, 2015
Egyptian central bank says met half foreign investors’ dollar backlog
Egypt's central bank said on Tuesday it had covered 50 percent of a backlog of dollars owed to foreign investors.Difficulty…
Construction of liquid bulk terminal in Ain al-Sokhna starts
June 9, 2015
Construction of liquid bulk terminal in Ain al-Sokhna starts
Sonker Bunkering Company has declared the launching of the first construction phase of the liquid bulk terminal in Ain el-Sokhna,…
Cabinet to establish ‘property’ fund
June 9, 2015
Cabinet to establish ‘property’ fund
The Economic Ministerial Committee has agreed to a proposal by Planning Minister Ashraf Araby to establish a fund dubbed "Property" (Amlak),…
Survey: Egypt’s central bank to hold rates after inflation pick-up
June 8, 2015
Survey: Egypt’s central bank to hold rates after inflation pick-up
Egypt's central bank is expected to keep interest rates on hold on Thursday, choosing not to cut borrowing costs to…
Chinese investments in Egypt amount to $500 million
June 8, 2015
Chinese investments in Egypt amount to $500 million
Hassan Fahmy, Chairman of the General Authority for Investment and Free Zones, said there are 1,220 Chinese companies working in…
CAPMAS: Total expenditure on basic education reaches 6.6 percent of total spending
June 8, 2015
CAPMAS: Total expenditure on basic education reaches 6.6 percent of total spending
The expenditure on primary education reached LE45.3 billion, which constitutes 6.6% of total public expenditure and 56% of total expenditure…
EFG Hermes launches Hassad fund
June 8, 2015
EFG Hermes launches Hassad fund
EFG Hermes, Saudi Arabia’s top-rank asset manager has launched Hasaad, a Sharia-compliant Saudi equity fund for local and foreign investors,…
COMESA: Free-trade agreement to increase two-way trade in Africa up to US$3 trillion
June 8, 2015
COMESA: Free-trade agreement to increase two-way trade in Africa up to US$3 trillion
COMESA Secretary General Sindiso Ngwenya is expecting a doubling of two-way trade after COMESA, the Southern African Development Community (SADC)…
EGX hosts Investors Summit on Tuesday
June 8, 2015
EGX hosts Investors Summit on Tuesday
The Egyptian Stock Exchange (EGX) is hosting the second Investors Summit on Tuesday, under the auspices of Prime Minister Ibrahim…
Egypt’s market loses LE2.8 billion on Monday, EGX30 down 0.7 %
June 8, 2015
Egypt’s market loses LE2.8 billion on Monday, EGX30 down 0.7 %
Egypt's stock market declined for the third session in a row, as the benchmark EGX30 index on Monday lost 0.65…