Economy
Egyptian pound steady at official auction and on black market
June 4, 2015
Egyptian pound steady at official auction and on black market
Egypt's central bank kept the pound's exchange rate steady at 7.53 to the U.S. dollar at a foreign exchange auction…
Egypt’s El Sewedy wins 785 mn euro share of Siemens power plant deal
June 4, 2015
Egypt’s El Sewedy wins 785 mn euro share of Siemens power plant deal
Egyptian cable company El Sewedy Electric said on Thursday it had won a 785 million euro portion of a 2…
Egypt’s stock exchange to move to next-day settlement on June 11
June 4, 2015
Egypt’s stock exchange to move to next-day settlement on June 11
Egypt's stock exchange will move to next-day settlement of trades on June 11 in a move aimed at increasing activity…
Emaar Properties trims Egypt listing price, sees up to US$334 mn float
June 4, 2015
Emaar Properties trims Egypt listing price, sees up to US$334 mn float
Dubai's Emaar Properties announced the price range on Thursday for the initial share sale of its Egyptian unit at below…
Telecom Egypt says will not buy treasury stocks
June 4, 2015
Telecom Egypt says will not buy treasury stocks
Telecom Egypt said on Thursday it would not move forward with its plan to buy treasury stocks.The firm had said…
Egypt to price first international bond in five years on Thurs -leads
June 4, 2015
Egypt to price first international bond in five years on Thurs -leads
The government of Egypt has set initial price thoughts for a benchmark-sized bond issue which is expected to price later…
Sources: JP Morgan’s MENA equities head moves to EFG-Hermes Asset Management
June 3, 2015
Sources: JP Morgan’s MENA equities head moves to EFG-Hermes Asset Management
JP Morgan's head of equities for the Middle East and North Africa has resigned from the bank and is moving…
French arms exports in 2014 ‘best in 15 years’
June 3, 2015
French arms exports in 2014 ‘best in 15 years’
French arms exports rose 18 percent in 2014, according to a defence ministry report published Tuesday, the country's best export…
UPDATE: Mobinil to offer stake on EGX or to local partner in 2016 , says Orange CEO
June 3, 2015
UPDATE: Mobinil to offer stake on EGX or to local partner in 2016 , says Orange CEO
The chief executive of French telecoms operator Orange said on Wednesday that Egyptian subsidiary Mobinil would offer 10 to 15…
Egypt’s market gains LE1.2 billion on Wednesday, EGX30 up 0.66%
June 3, 2015
Egypt’s market gains LE1.2 billion on Wednesday, EGX30 up 0.66%
Egypt's stock market closed in the green zone for the second session in a row on Wednesday, as the benchmark…