Economy
PM, electricity minister inaugurate new electricity generation units in Assiut
June 1, 2015
PM, electricity minister inaugurate new electricity generation units in Assiut
Prime Minister Ibrahim Mehleb will open on Monday three new units at the Assiut power plant, each with a capacity…
Egyptian developer Palm Hills in three deals worth $63 mn
June 1, 2015
Egyptian developer Palm Hills in three deals worth $63 mn
Palm Hills, Egypt's second-biggest listed property developer, said on Monday it had reached two land sale agreements and one land…
Emaar Misr cuts price of its Egypt IPO to $353 mn
June 1, 2015
Emaar Misr cuts price of its Egypt IPO to $353 mn
Emaar Misr, the Egyptian unit of Dubai's Emaar Properties, has scaled back the price of its listing of 600 million…
Central bank: Egypt money supply up 16.5 % in April
May 31, 2015
Central bank: Egypt money supply up 16.5 % in April
Egypt's M2 money supply was up 16.5 percent at the end of April from a year earlier, the central bank…
Egyptian banks’ financial position rose 14.5% during July/February 2014/2015
May 31, 2015
Egyptian banks’ financial position rose 14.5% during July/February 2014/2015
The aggregate financial position of Egyptian banks, excluding the Central Bank of Egypt (CBE), rose by about LE263.5 billion or…
Egypt’s market loses LE5.4 billion on Sunday, EGX30 falls 1.5%
May 31, 2015
Egypt’s market loses LE5.4 billion on Sunday, EGX30 falls 1.5%
Egypt's market extended losses on Sunday, as the benchmark EGX30 index fell1.45 percent, recording 8,782.55 points and a turnover of…
Minister: Industrial projects with investments of LE76.6 billion approved in 10 months
May 31, 2015
Minister: Industrial projects with investments of LE76.6 billion approved in 10 months
Trade and Industry Minister Mounir Fakhry Abdel Nour declared the final approval of 2,347 expansions of industrial projects at costs…
Survey: Middle East funds negative on Saudi after oil slides
May 31, 2015
Survey: Middle East funds negative on Saudi after oil slides
Middle East fund managers have on balance become bearish on the region's biggest stock market,Saudi Arabia, after oil's rally ran…
Newspaper: Banks assisting Ahmed Ezz’s indebted companies
May 31, 2015
Newspaper: Banks assisting Ahmed Ezz’s indebted companies
Banks are actively assisting steel tycoon Ahmed Ezz to pull his companies out of debts with loans and other facilitations,…
Business sector’s debts reach LE90 billion
May 31, 2015
Business sector’s debts reach LE90 billion
Debt for business sector companies at the National Investment Bank has exceeded LE90 billion, according to Former Finance Minister Momtaz…