Economy
Biscuit maker Bisco Misr approves delisting from Egyptian exchange
May 27, 2015
Biscuit maker Bisco Misr approves delisting from Egyptian exchange
The board of Egyptian biscuit maker Bisco Misr has approved a voluntary delisting from the Egyptian stock exchange as requested…
China to loan $1 billion for drainage projects in Egypt
May 27, 2015
China to loan $1 billion for drainage projects in Egypt
The Housing Minister attended the signing of a memorandum of understanding between the ministry and a Chinese firm to carry…
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…