Economy
French business association to visit New Suez Canal
June 16, 2015
French business association to visit New Suez Canal
A French delegation is scheduled to visit the New Suez Canal Project on Wednesday, in order to explore investment opportunities…
Egyptian pound steady at official auction and on black market
June 16, 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…
Steel price declines between LE100-300 in June
June 16, 2015
Steel price declines between LE100-300 in June
Steel companies have declared the lowest prices for its products during the month of June. Seven companies reduced the prices…
Egypt’s Palm Hills agrees $98 million loan through subsidiary
June 16, 2015
Egypt’s Palm Hills agrees $98 million loan through subsidiary
Palm Hills, Egypt's second largest listed real estate developer, has agreed a medium-term loan worth 750 million Egyptian pounds ($98.3…
Cyprus seeks private investment for biggest port
June 15, 2015
Cyprus seeks private investment for biggest port
Bailed out Cyprus said on Monday it was seeking investors to manage and develop its largest port of Limassol as…
Lebanon’s Bank Audi aims to double Egypt earnings by 2017
June 15, 2015
Lebanon’s Bank Audi aims to double Egypt earnings by 2017
Lebanon's Bank Audi aims to double its assets and earnings in Egypt by 2017 as it bets on a continued…
Egyptian stock market announces Ramadan working hours
June 15, 2015
Egyptian stock market announces Ramadan working hours
The Egyptian stock market announced the trading hours during the month of Ramadan on Monday. The EGX official website said in…
Egypt’s market loses LE1.7 billion on Monday, EGX30 down by 0.22%
June 15, 2015
Egypt’s market loses LE1.7 billion on Monday, EGX30 down by 0.22%
Egypt's stock market continued negative performance for the eighth session in a row, as the benchmark EGX30 index went down…
EFG Hermes plans to invest in renewable energy sector
June 15, 2015
EFG Hermes plans to invest in renewable energy sector
Karim Awad, CEO of the EFG-Hermes Holding Company, announced the company's plan to invest in the renewable energy sector by…
Minister approves temporary licensing for industrial projects
June 14, 2015
Minister approves temporary licensing for industrial projects
The Ministry of Industry and Trade has decreed to allow the Industrial Development Authority to issue temporary licenses for industrial…