Economy
CBE prepares list to seize Brotherhood-affiliated companies
May 24, 2015
CBE prepares list to seize Brotherhood-affiliated companies
A senior banking source has revealed that officials from the Central Bank of Egypt (CBE) have prepared a list of…
Egypt to launch up to $3bn LNG purchase tender
May 22, 2015
Egypt to launch up to $3bn LNG purchase tender
Egypt is set to launch what will be a highly sought after tender in early June to buy up to…
Egypt’s market gains $3 bn in one week, EGX30 jumps 8.3% as govt suspends capital gains tax
May 22, 2015
Egypt’s market gains $3 bn in one week, EGX30 jumps 8.3% as govt suspends capital gains tax
Egypt's market main index EGX30 jumped 8.25 percent in this week, after the government had put on hold a new tax…
World Bank provides $5 million grant to eliminate bureaucracy
May 21, 2015
World Bank provides $5 million grant to eliminate bureaucracy
Trade and Industry Minister Mounir Fakhry Abdel Nour said the World Bank has agreed to a grant of $5 million…
Egypt’s market gains LE4.1 bn on Thursday, EGX30 rises 1.8%
May 21, 2015
Egypt’s market gains LE4.1 bn on Thursday, EGX30 rises 1.8%
Egypt's market closed in the green zone on Thursday's session, as the benchmark EGX30 Index increased 1.83 percent reaching 8,988.03…
Egypt’s mobile subscribers rise 0.43% to 95.66 million in February
May 21, 2015
Egypt’s mobile subscribers rise 0.43% to 95.66 million in February
The number of mobile phone subscribers in Egypt rose on a monthly basis by 0.43 percent to 95.66 million in…
Agreement to export Egyptian citrus to China
May 21, 2015
Agreement to export Egyptian citrus to China
Egypt has signed an agreement with the Chinese CAWA to export Egyptian citrus to the Chinese market, according to a…
Egyptian pound steady at official auction, stronger on black market
May 21, 2015
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 Thursday, while…
Kuwait’s Al Ahli Bank buying Piraeus Bank Egypt for $150 mn
May 21, 2015
Kuwait’s Al Ahli Bank buying Piraeus Bank Egypt for $150 mn
Kuwait's Al Ahli Bank will pay about US$150 million to acquire 98.5 percent of the Egyptian unit of Greece's Piraeus…
Housing Ministry to sign partnership with Mountain View and Sisban
May 21, 2015
Housing Ministry to sign partnership with Mountain View and Sisban
The Egyptian Housing Ministry is expected to finalize the contracts of two of the memoranda of understanding (MOU) signed during…