Economy
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…
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…