Economy
Egypt’s Juhayna to enter joint venture with Denmark’s Arla Foods
May 21, 2015
Egypt’s Juhayna to enter joint venture with Denmark’s Arla Foods
Juhayna Food Industries, one of Egypt's largest dairy product and juice makers, will form a joint venture with Denmark's Arla…
Egypt’s market loses LE2.4 bn on Wednesday, EGX30 down 0.6%
May 20, 2015
Egypt’s market loses LE2.4 bn on Wednesday, EGX30 down 0.6%
Egypt's market closed in the red zone during Wednesday's session, as the benchmark EGX30 Index went down 0.58 percent reaching…
BP increases stake in Egypt gas field after DEA farm down
May 20, 2015
BP increases stake in Egypt gas field after DEA farm down
BP has increased its share in the $12 billion West Nile Delta gas field in Egypt to above 80 percent…
Dubai’s Emaar plans to float 13 % Egypt unit on Cairo exchange
May 20, 2015
Dubai’s Emaar plans to float 13 % Egypt unit on Cairo exchange
Dubai's Emaar Properties plans to list a 13 percent stake in its Egyptian unit on Cairo's stock exchange, the largest…
Oil prices drop as Saudis keep pumps running
May 19, 2015
Oil prices drop as Saudis keep pumps running
Oil prices fell on Tuesday as a global supply glut and soft demand overshadowed the impact of geopolitical tensions in…
Food more affordable, accessible in most countries; biggest gains in Egypt, Myanmar
May 19, 2015
Food more affordable, accessible in most countries; biggest gains in Egypt, Myanmar
Food has become more affordable and accessible in most countries over the past year due to investment in agriculture and…
Egypt’s market gains LE1.2 bn on Tuesday, EGX30 rises 0.9%
May 19, 2015
Egypt’s market gains LE1.2 bn on Tuesday, EGX30 rises 0.9%
Egypt's market closed in the green zone on Tuesday's session, as the benchmark EGX30 Index rose 0.90 percent reaching 8,877.68…
Egyptian pound steady at official auction, weaker on black market
May 19, 2015
Egyptian pound steady at official auction, weaker on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Tuesday, while…
Analysis: Finance Ministry yields to pressures on stock market tax
May 19, 2015
Analysis: Finance Ministry yields to pressures on stock market tax
Finance Minister Hany Qadry Dimian has remained silent on his decision to impose a tax on stock market revenues.
Official: Govt prepares bill to regulate e-commerce
May 19, 2015
Official: Govt prepares bill to regulate e-commerce
Chairman of the e-tourism Chamber Mostafa Sultan said Ramy Khaled, the Tourism Minister, asked the Chamber to submit a draft…