Economy
Newspaper: Banks assisting Ahmed Ezz’s indebted companies
May 31, 2015
Newspaper: Banks assisting Ahmed Ezz’s indebted companies
Banks are actively assisting steel tycoon Ahmed Ezz to pull his companies out of debts with loans and other facilitations,…
Business sector’s debts reach LE90 billion
May 31, 2015
Business sector’s debts reach LE90 billion
Debt for business sector companies at the National Investment Bank has exceeded LE90 billion, according to Former Finance Minister Momtaz…
MIDEAST STOCKS: Egypt extends losses, Saudi Arabia flat
May 31, 2015
MIDEAST STOCKS: Egypt extends losses, Saudi Arabia flat
Egypt's market extended losses on Sunday in a broad decline, while Saudi Arabia's stock market moved very little.The Cairo index…
Somalia proposes agricultural investments in Egypt
May 31, 2015
Somalia proposes agricultural investments in Egypt
The Somali livestock and fisheries ministries have proposed an investment cooperation plan with Egypt by developing Somalia's agricultural sector and cultivating…
Egypt signs Sharm airport development loan agreement
May 30, 2015
Egypt signs Sharm airport development loan agreement
Minister of International Cooperation Naglaa Al-Ahwani and the Deputy Chairman of the African Development Bank for Infrastructure and Private Sector…
40% increase in Ramadan yameesh
May 30, 2015
40% increase in Ramadan yameesh
Ragab al-Attar, head of the spice dealers division at the Federation of Egyptian Chambers of Commerce (FEDCOC), revealed a 40…
Government seeks private sector participation to rescue state budget
May 30, 2015
Government seeks private sector participation to rescue state budget
Senior informed sources have revealed that the state budget for the fiscal year 2015/16 has yet to be finalized, as…
Negotiations with Saudi Arabia, Kuwait, Emirates to inject US$6 bn into Egypt
May 30, 2015
Negotiations with Saudi Arabia, Kuwait, Emirates to inject US$6 bn into Egypt
Investment Minister Ashraf Salman said the Cabinet has started negotiations with the Emirates, Saudi Arabia and Kuwait to inject US$…
Minister: Clearing, settlement to be conducted with stock market investors
May 29, 2015
Minister: Clearing, settlement to be conducted with stock market investors
Investment Minister Ashraf Salman has announced that the ministery is conducting a clearing and settlement with stock market investors with…
Switzerland’s Panalpina acquires its long-time Egyptian agent Afifi
May 29, 2015
Switzerland’s Panalpina acquires its long-time Egyptian agent Afifi
Switzerland-based supply chain solutions provider Panalpina will acquire its Egyptian agent Afifi, a highly respected family-owned company specializing in freight…