Economy
Customs revenues up to LE17.9 bn in ten months
May 14, 2015
Customs revenues up to LE17.9 bn in ten months
Customs revenues surged by 10.7 percent, reaching LE17.904 billion between July 2014 and April 2015, a report by the Egyptian…
Egypt’s CIB bank Q1 net profit up 38 % year-on-year
May 14, 2015
Egypt’s CIB bank Q1 net profit up 38 % year-on-year
Egypt's largest private sector bank, Commercial International Bank (CIB), on Wednesday reported a 38 percent rise in first quarter net…
Dassault CEO says to raise Rafale output if wins new order
May 13, 2015
Dassault CEO says to raise Rafale output if wins new order
France's Dassault Aviation will increase production of the Rafale fighter jet if it signs a third export contract and has…
Qatar, UAE rise, Egypt falls on MSCI index review
May 13, 2015
Qatar, UAE rise, Egypt falls on MSCI index review
Index compiler MSCI's semi-annual review lifted stock markets in the United Arab Emirates and Qatar on Wednesday, but had little…
Minister: Smart-card system allows reduction in Egypt’s wheat imports by 1.8 mn tons
May 13, 2015
Minister: Smart-card system allows reduction in Egypt’s wheat imports by 1.8 mn tons
Egypt's wheat imports fell from 6.4 million in 2014 to 4.6 million in 2015, Supply Minister Khaled Hanafy said, crediting the…
Egypt’s market loses LE6 billion on Wednesday, EGX30 slips 1.7%
May 13, 2015
Egypt’s market loses LE6 billion on Wednesday, EGX30 slips 1.7%
Egypt's market ended Wednesday's session in the red zone, as the EGX30 decreased by 1.71 percent, reaching 8,526.43 points, and…
Ministry considers amending tax regulations for foreign investors in the stock market
May 13, 2015
Ministry considers amending tax regulations for foreign investors in the stock market
Egypt’s Finance Minister Hany Qadry Dimian said that the ministry is considering amending the capital gain tax regulations for foreign…
Telecom Egypt posts 9.9 % rise in Q1 net profit
May 13, 2015
Telecom Egypt posts 9.9 % rise in Q1 net profit
Telecom Egypt's first-quarter net profit rose 9.9 percent to LE604 million ($79.16 million) on strong retail growth, it said on…
Gulf Extrusions sees demand for aluminium products rising in Egypt
May 13, 2015
Gulf Extrusions sees demand for aluminium products rising in Egypt
The United Arab Emirates's Gulf Extrusions, one of the largest aluminium product makers in the Gulf, said on Wednesday it…
US$60 million in traded goods through Egypt-Sudan landport in 7 months
May 13, 2015
US$60 million in traded goods through Egypt-Sudan landport in 7 months
Imported and exported goods moving through a newly-inaugurated crossing on the Egyptian-Sudanese borders over the past seven months were worth…