Economy
Gold miner Centamin’s core profit rises 55%
May 13, 2015
Gold miner Centamin’s core profit rises 55%
Gold miner Centamin Plc said its first-quarter core profit rose nearly 55 percent as increased gold sales and reduced costs…
CAPMAS: Long-term loans to government economic bodies up by 13.4%
May 12, 2015
CAPMAS: Long-term loans to government economic bodies up by 13.4%
The government’s economic bodies received long-term loans worth of LE78.2 billion in 2013/2014, up by 13.4 percent from LE68.9 billion…
Egypt’s market loses LE1.43 billion on Tuesday, EGX30 down 0.20%
May 12, 2015
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
May 12, 2015
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
May 12, 2015
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
May 12, 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 Tuesday, while…
Minister: Government targets increasing coal investments up to US$30 billion
May 12, 2015
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
May 11, 2015
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%
May 11, 2015
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
May 11, 2015
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…