Economy
Sources: Egypt’s Banque Misr in talks with banks for dollar loan
June 25, 2015
Sources: Egypt’s Banque Misr in talks with banks for dollar loan
Banque Misr, Egypt's second-largest state lender, has invited banks to pitch for arranger roles on a potential dollar-denominated syndicated loan,…
Egyptian property company Emaar Misr’s IPO heavily subscribed
June 25, 2015
Egyptian property company Emaar Misr’s IPO heavily subscribed
Emaar Misr, the Egyptian arm of Dubai real estate developer Emaar Properties , said on Thursday that the second tranche…
Egypt’s market loses LE760 million on Thursday, EGX30 down 0.6%
June 25, 2015
Egypt’s market loses LE760 million on Thursday, EGX30 down 0.6%
Egypt's benchmark EGX30 index on Thursday went down by 0.6 percent , recording 8,406.17 points and a turnover of LE795…
Mobile phone traders complain about keeping cargo containers in harbors
June 25, 2015
Mobile phone traders complain about keeping cargo containers in harbors
Mobile phone traders division of Cairo Chamber of Commerce has called on the customs authority to release the cargo containers…
Egyptian pound steady at official auction and on black market
June 25, 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 dollar at a foreign exchange auction on…
Egypt denied new loans due to misusing previous ones
June 25, 2015
Egypt denied new loans due to misusing previous ones
Egypt has been denied fresh loans by international lenders, due to failing to employ past loans for the use of…
UNCTAD: Egypt’s FDI grows 14% to $4.8 bn
June 24, 2015
UNCTAD: Egypt’s FDI grows 14% to $4.8 bn
Foreign Direct Investment (FDI) into Egypt grew by 14 percent to US$4.8 billion in 2014 2013 to $5.1 billion in…
Egypt’s market loses LE700 million on Wednesday, while EGX30 inches up 0.14%
June 24, 2015
Egypt’s market loses LE700 million on Wednesday, while EGX30 inches up 0.14%
Egypt's stock market delivered mixed results on Wednesday, as the benchmark EGX30 index inched 0.14 percent up , while the…
Egypt’s Orascom Telecom reports Q1 2015 net profit of $49 mn
June 24, 2015
Egypt’s Orascom Telecom reports Q1 2015 net profit of $49 mn
Egypt's Orascom Telecom reported a first-quarter net profit of LE373.86 million ($49 million) up from LE324.34 million a year earlier,…
Egypt says wheat cargoes to take less time to offload
June 24, 2015
Egypt says wheat cargoes to take less time to offload
Egypt's supply minister said on Wednesday a plan was being studied to cut the offloading period for wheat cargoes in…