Economy
Agreement to export Egyptian citrus to China
May 21, 2015
Agreement to export Egyptian citrus to China
Egypt has signed an agreement with the Chinese CAWA to export Egyptian citrus to the Chinese market, according to a…
Egyptian pound steady at official auction, stronger on black market
May 21, 2015
Egyptian pound steady at official auction, stronger on black market
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday, while…
Kuwait’s Al Ahli Bank buying Piraeus Bank Egypt for $150 mn
May 21, 2015
Kuwait’s Al Ahli Bank buying Piraeus Bank Egypt for $150 mn
Kuwait's Al Ahli Bank will pay about US$150 million to acquire 98.5 percent of the Egyptian unit of Greece's Piraeus…
Housing Ministry to sign partnership with Mountain View and Sisban
May 21, 2015
Housing Ministry to sign partnership with Mountain View and Sisban
The Egyptian Housing Ministry is expected to finalize the contracts of two of the memoranda of understanding (MOU) signed during…
Egypt’s Juhayna to enter joint venture with Denmark’s Arla Foods
May 21, 2015
Egypt’s Juhayna to enter joint venture with Denmark’s Arla Foods
Juhayna Food Industries, one of Egypt's largest dairy product and juice makers, will form a joint venture with Denmark's Arla…
Egypt’s market loses LE2.4 bn on Wednesday, EGX30 down 0.6%
May 20, 2015
Egypt’s market loses LE2.4 bn on Wednesday, EGX30 down 0.6%
Egypt's market closed in the red zone during Wednesday's session, as the benchmark EGX30 Index went down 0.58 percent reaching…
BP increases stake in Egypt gas field after DEA farm down
May 20, 2015
BP increases stake in Egypt gas field after DEA farm down
BP has increased its share in the $12 billion West Nile Delta gas field in Egypt to above 80 percent…
Dubai’s Emaar plans to float 13 % Egypt unit on Cairo exchange
May 20, 2015
Dubai’s Emaar plans to float 13 % Egypt unit on Cairo exchange
Dubai's Emaar Properties plans to list a 13 percent stake in its Egyptian unit on Cairo's stock exchange, the largest…
Oil prices drop as Saudis keep pumps running
May 19, 2015
Oil prices drop as Saudis keep pumps running
Oil prices fell on Tuesday as a global supply glut and soft demand overshadowed the impact of geopolitical tensions in…
Food more affordable, accessible in most countries; biggest gains in Egypt, Myanmar
May 19, 2015
Food more affordable, accessible in most countries; biggest gains in Egypt, Myanmar
Food has become more affordable and accessible in most countries over the past year due to investment in agriculture and…