Economy
Egypt’s market loses $3.4 bn in a week, EGX30 down 0.85%
May 29, 2015
Egypt’s market loses $3.4 bn in a week, EGX30 down 0.85%
Egypt's market main index EGX30 declined 0.85 percent in this week, Egyptian Exchange data showed.Meanwhile, the EGX70 index and the…
Egypt’s GASC buys 240,000 tonnes Russian, Romanian wheat
May 28, 2015
Egypt’s GASC buys 240,000 tonnes Russian, Romanian wheat
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had bought 240,000 tonnes of…
Report: UAE investment in Egypt US$5 bn in first half of 2014
May 28, 2015
Report: UAE investment in Egypt US$5 bn in first half of 2014
The Egyptian Commercial Representative Office in the UAE announced that the size of UAE investments in Egypt amounted to US$5…
Fuel smart cards available across the country Friday
May 28, 2015
Fuel smart cards available across the country Friday
Fuel smart cards will be available for car owners across the republic starting Friday, the Finance Ministry said Thursday, noting…
Egypt’s market loses LE2.5 billion on Thursday, EGX30 down 0.6%
May 28, 2015
Egypt’s market loses LE2.5 billion on Thursday, EGX30 down 0.6%
Egypt's market closed on Thursday in the red zone for the third session in a row, as the benchmark EGX30…
Egyptian pound steady at official auction, on black market
May 28, 2015
Egyptian pound steady at official auction, 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…
EGX changes rules to benchmark index to encourage listings
May 28, 2015
EGX changes rules to benchmark index to encourage listings
Egypt's stock exchange said on Thursday it would reduce the free float required for new companies to list on its…
Internet price dispute behind removal of TE director
May 28, 2015
Internet price dispute behind removal of TE director
A disagreement over prices to be offered to other service providers for the use of Telecom Egypt’s internet infrastructure was behind…
Egypt’s market gains LE650 million on Wednesday, while EGX30 down 0.10%
May 27, 2015
Egypt’s market gains LE650 million on Wednesday, while EGX30 down 0.10%
Egypt's market had a mixed session on Wednesday, as the benchmark EGX30 index inched down 0.10 percent, while, the small…
Minister: We will not currently resume negotiations with IMF
May 27, 2015
Minister: We will not currently resume negotiations with IMF
International Cooperation Minister Nagla al-Ahwany said the government will not resume negotiations with the International Monetary Fund (IMF) at the…