Economy

Egypt’s Pioneers Holding board approves offer to buy up Cairo for Housing and Development

Egypt’s Pioneers Holding board approves offer to buy up Cairo for Housing and Development

Egypt's Pioneers Holding said on Sunday its board had approved an offer to purchase remaining shares of Cairo for Housing…
Egypt to repay part of its debt to foreign oil companies by end of 2015

Egypt to repay part of its debt to foreign oil companies by end of 2015

The Egyptian General Petroleum Corporation aims to repay part of its debt to foreign companies operating in Egypt by the…
Luxor’s Valley of the Kings reopened

Luxor’s Valley of the Kings reopened

The Ministry of Tourism has announced that the lighting system in the Valley of the Kings, Hatshepsut temple and Ramesseum…
Diplomat: Total Egypt-China trade volume reached US$1.6 bn in 2014

Diplomat: Total Egypt-China trade volume reached US$1.6 bn in 2014

The total volume of trade exchange between Egypt and China reached US$11.6 billion in 2014, which represents an increase of…
Local gold exceeds world price by LE12

Local gold exceeds world price by LE12

Global gold prices continued to fall on Wednesday, dropping by US$50 to $1,086 an ounce, the lowest in five years.
Kuwait’s Al-Salam to list on Egypt exchange

Kuwait’s Al-Salam to list on Egypt exchange

Kuwait's Al-Salam Group Holding Co KSC has received approval to list on the Egyptian stock exchange and offer depository receipts,…
Egypt’s market gains LE1.53 billion on Wednesday, EGX30 rises 0.5%

Egypt’s market gains LE1.53 billion on Wednesday, EGX30 rises 0.5%

Egypt's market closed in the green zone for the fifth session in a row, as the benchmark EGX30 index on…
Egypt organizes Investment Conference in September

Egypt organizes Investment Conference in September

The Egyptian General Authority for Investment (GAFI) is planning to sign a contract with an international company to organize an…
Precious-Gold falls to near 5-year low as bearish view holds

Precious-Gold falls to near 5-year low as bearish view holds

Gold fell on Wednesday for a seventh session in eight, reflecting sustained downward pressure on the metal days after its…
CAPMAS: Egypt’s trade deficit rises 52.7% to LE24.6 bn in April 2015

CAPMAS: Egypt’s trade deficit rises 52.7% to LE24.6 bn in April 2015

Egypt's trade deficit increased to LE24.6 billion (US$3.2 billion) in April 2015, from LE16.11 a year earlier, the state's Central…
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