Economy

Report: Private sector investments in past 3 years US$60 bn

Report: Private sector investments in past 3 years US$60 bn

The annual report of the Egyptian Businessmen's Association has revealed that the total size of investments by the private sector…
Egypt 4th most sued by investors as new trade deal approaches

Egypt 4th most sued by investors as new trade deal approaches

Egypt ranks fourth among countries most sued by investors, according to data from the United Nations Conference on Trade and…
EGX to launch new equal weighted index EGX50 next Sunday

EGX to launch new equal weighted index EGX50 next Sunday

The Egyptian Exchange will launch a new equal weighted index (EWI) EGX50 next Sunday August 2, 2015, according to a…
CEO: Egypt’s Pioneers plans IPO of real estate developer Rooya

CEO: Egypt’s Pioneers plans IPO of real estate developer Rooya

Egypt's Pioneers Holding is seeking an initial share offering of real estate developer Rooya worth at least LE1 billion ($128…
Shanghai stocks see worst fall since 2007, defying government efforts

Shanghai stocks see worst fall since 2007, defying government efforts

Shanghai shares on Monday suffered their biggest one-day decline in more than eight years, plummeting 8.48 percent in defiance of…
Egypt flies 206 kgs of gold to Canada for sale

Egypt flies 206 kgs of gold to Canada for sale

Egypt flew 206 kilograms of gold from its Sukari gold mine late Sunday to Canada for refining and sale at…
BG Egypt appoints oil and gas veteran as new president

BG Egypt appoints oil and gas veteran as new president

 BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as…
Egyptian pound steady at official auction, weaker at exchange bureaus

Egyptian pound steady at official auction, weaker at exchange bureaus

Egypt's central bank kept the Egyptian pound steady at 7.73 per dollar at a foreign exchange auction on Sunday after…
Egypt’s market loses LE1.1 billion Sunday, EGX30 declines 1%

Egypt’s market loses LE1.1 billion Sunday, EGX30 declines 1%

Egypt's market closed in the red zone on Sunday, as the benchmark EGX30 index on declined 1.02 percent, recording 8,004.83…
Tourist influx up by 16.5% in May 2015

Tourist influx up by 16.5% in May 2015

The number of incoming tourists to Egypt in May 2015 reached 894,600, compared to 768,200 in May 2014, indicating a…
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