Economy
Egypt’s MNHD approves joint mall project with Saudi’s Fawaz Alhokair
May 26, 2015
Egypt’s MNHD approves joint mall project with Saudi’s Fawaz Alhokair
The board of Egypt's Medinet Nasr for Housing and Development (MNHD) has approved an offer from a unit of Saudi…
Egyptian pound steady at official auction and on black market
May 26, 2015
Egyptian pound steady at official auction and on black market
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Tuesday, while…
Egypt attracts $1.1 bn investments in renewable energy projects in five months
May 26, 2015
Egypt attracts $1.1 bn investments in renewable energy projects in five months
Renewable Energy Authority CEO Mohamed al-Sobky said Egypt has attracted $1.1 billion investments in renewable energy projects in five months,…
UPDATE: Egypt picks banks for first international bond issue in 5 years
May 26, 2015
UPDATE: Egypt picks banks for first international bond issue in 5 years
Egypt has chosen banks to handle its return to the international bond market after a gap of five years, underlining…
Egypt’s market losses LE3.2 bn on Tuesday, EGX30 down 0.83%
May 26, 2015
Egypt’s market losses LE3.2 bn on Tuesday, EGX30 down 0.83%
Egypt's market extended its losses for the second straight session on Tuesday, as the benchmark EGX30 index decreased 0.83 percent,…
Minister highlights 1.386 mn ton rise in local wheat supplies
May 26, 2015
Minister highlights 1.386 mn ton rise in local wheat supplies
The total amount of wheat the Egyptian government has obtained for the production of subsidized bread stands at 4.532 million…
UN report predicts 4% growth for North Africa
May 26, 2015
UN report predicts 4% growth for North Africa
The United Nations has predicted a 4 percent growth rate for North Africa’s economies throughout 2016, 0.3 percent lower than…
Red Sea sees 142% hike in tourist inflow by sea
May 26, 2015
Red Sea sees 142% hike in tourist inflow by sea
Red Sea ports have seen a 142 percent increase in incoming tourists arriving to the region by sea compared to…
Egypt to list 3 companies in the EGX
May 26, 2015
Egypt to list 3 companies in the EGX
The Egyptian government plans to list three companies with electricity projects that have a total capacity of 13,000 Megawatts, according…
Losses of LE150 million expected from ‘Umrah crisis’
May 26, 2015
Losses of LE150 million expected from ‘Umrah crisis’
Eight Saudi travel agencies have been closed by Saudi authorities and 153 Egyptian travel agencies that once worked with them…