Economy

French business association to visit New Suez Canal

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

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

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

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

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

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

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%

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

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

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…
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