Economy

Egypt’s market loses LE1.43 billion on Tuesday, EGX30 down 0.20%

Egypt’s market loses LE1.43 billion on Tuesday, EGX30 down 0.20%

Egypt's market closed in the red zone on Tuesday's session, as the EGX30 went down by 0.20 percent, reaching 8,674.34…
Minister: NTRA will tackle reduction of internet prices

Minister: NTRA will tackle reduction of internet prices

The National Telecommunications Regulatory Authority (NTRA) will consider reducing Internet prices, Telecommunications Minister Khaled Negm said recently, indicating that bad…
Minister holds negotiations in France over financing Alexandria tramway, third metro line

Minister holds negotiations in France over financing Alexandria tramway, third metro line

Transportation Minister Hani Dahi said he is conducting negotiations with several financial institutions, aiming to obtain one billion euros in…
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 Tuesday, while…
Minister: Government targets increasing coal investments up to US$30 billion

Minister: Government targets increasing coal investments up to US$30 billion

Government plans to increase its investment in the coal sector to up to US$30 billion in five years, according to…
Expert: Egyptian government benefits from biting housing crisis

Expert: Egyptian government benefits from biting housing crisis

The Egyptian government, being the country’s largest landowner, is benefitting from the housing crisis, characterized by housing prices going beyond…
Egypt issues $1.302 bn in dollar-denominated t-bills at avg yield of 2.643%

Egypt issues $1.302 bn in dollar-denominated t-bills at avg yield of 2.643%

Egypt's central bank sold $1.302 billion in one-year, dollar-denominated treasury bills at an average yield of 2.643 percent at its…
Egypt’s market ends flat on Monday

Egypt’s market ends flat on Monday

Egypt's benchmark index ended Monday's session flat, recording 8,691.85 points, with a turnover of LE434 million, according to the data…
Egypt’s Amer Group jumps in Q1 profit

Egypt’s Amer Group jumps in Q1 profit

Amer Group's first-quarter net profit jumped to LE16.4 million (US$2.1 million) from LE2 million a year earlier, the Egyptian real…
Ministry on alert amid price hike speculations before Ramadan

Ministry on alert amid price hike speculations before Ramadan

The Supply Ministry has said it is ready to confront widely-speculated price hikes during the holy fasting month of Ramadan,…
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