Economy

Real estate investments up 30% in Q1/2015

Real estate investments up 30% in Q1/2015

Real estate investments in Egypt have increased by 30 percent in the first quarter of this year, according to Ibrahim…
Egypt hosting COMESA, SADC, EAC free trade agreement launch

Egypt hosting COMESA, SADC, EAC free trade agreement launch

Trade and Industry Minister Mounir Fakhry Abdel Nour said Egypt is hosting the launch of the free trade agreement between…
Egyptian pound steady at official auction, stronger on black market

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 Sunday, while…
Egypt’s market loses LE1 bn on Sunday, EGX30 down 0.51%

Egypt’s market loses LE1 bn on Sunday, EGX30 down 0.51%

Egypt's market closed in red zone on Sunday's session, as benchmark EGX30 Index dropped 0.51 percent to a five-month low…
Egypt’s SODIC doubles first-quarter profit

Egypt’s SODIC doubles first-quarter profit

Egypt's third-largest listed property developer SODIC reported first-quarter net profit of LE79.31 million ($10.39 million), nearly double the 40.33 million…
Egypt’s Oriental Weavers posts slight fall in first-quarter profit

Egypt’s Oriental Weavers posts slight fall in first-quarter profit

 Egypt's Oriental Weavers reported first-quarter net profit of LE152.68 million ($20.01 million) in a statement to the Cairo bourse on…
WB approves $5-bn loan to Egypt over 4 years

WB approves $5-bn loan to Egypt over 4 years

The World Bank approved increasing the volume of financing to Egypt within the four coming years up to US$5 billion,…
Finance minister welcomes S&P’s upgrading of Egypt’s outlook to ‘positive’

Finance minister welcomes S&P’s upgrading of Egypt’s outlook to ‘positive’

Egypt's finance minister welcomed on Friday a revision of ratings provider Standard and Poor's outlook on Egypt from "stable" to…
Egypt’s market loses 19.4 bn in one week, EGX30 falls 5%

Egypt’s market loses 19.4 bn in one week, EGX30 falls 5%

Egypt's market dropped sharply this week after MSCI's decision to exclude Telecom Egypt from its emerging markets index on Tuesday. The…
Sisi opens upgraded Armed Forces factories

Sisi opens upgraded Armed Forces factories

President Abdel Fattah Al-Sisi opened on Thursday a number of upgraded Armed Forces factories for top-notch cars, armored vehicles and…
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