Economy
Egypt’s Amer Group jumps in Q1 profit
May 11, 2015
Egypt’s Amer Group jumps in Q1 profit
Amer Group's first-quarter net profit jumped to LE16.4 million (US$2.1 million) from LE2 million a year earlier, the Egyptian real…
Ministry on alert amid price hike speculations before Ramadan
May 11, 2015
Ministry on alert amid price hike speculations before Ramadan
The Supply Ministry has said it is ready to confront widely-speculated price hikes during the holy fasting month of Ramadan,…
Housing Ministry, AFESD ink LE1.2bn loan deal
May 10, 2015
Housing Ministry, AFESD ink LE1.2bn loan deal
Housing Minister Mostafa Madboly said that the ministry has finalized a loan deal with the Arab Fund for Economic and…
Egypt’s market loses LE2.2 billion on Sunday, EGX30 down 0.58%
May 10, 2015
Egypt’s market loses LE2.2 billion on Sunday, EGX30 down 0.58%
Egypt's market closed in the red zone on Sunday's session, as the EGX30 went down by 0.58 percent, reaching 8,692.00…
Finance Ministry: No one will get subsidized fuel without smart cards
May 10, 2015
Finance Ministry: No one will get subsidized fuel without smart cards
Deputy Finance Minister Amr Badawy said no gasoline will be disbursed at a subsidized price without the use of smart…
Government negotiations on compromise for Tanta Flax Company crisis
May 10, 2015
Government negotiations on compromise for Tanta Flax Company crisis
Chemical Industries Holding Company (CIHC), a business sector company, started a new round of negotiations with Saudi investor Abdellah al-Kahky…
Egypt asks US to reduce Israeli components in QIZ products
May 10, 2015
Egypt asks US to reduce Israeli components in QIZ products
Egypt has demanded the United States reduce the Israeli contribution to products produced under a joint free industrial zone agreement. Industry…
Sisi requests budget deficit decreased by LE40 billion for 2015/16
May 10, 2015
Sisi requests budget deficit decreased by LE40 billion for 2015/16
President Abdel Fattah al-Sisi is reviewing the budget for the 2015/16 fiscal year and has requested the deficit be reduced by…
Egypt’s market gains $1.9 bn in week, EGX30 up 0.81%
May 9, 2015
Egypt’s market gains $1.9 bn in week, EGX30 up 0.81%
Egypt's market main index EGX30 rose 0.81 percent this week, reaching 8,742.42 points and a turnover of LE2.6 billion, the…
Govt to settle dispute with Indian, Gulf investors
May 8, 2015
Govt to settle dispute with Indian, Gulf investors
The Cabinet will soon announce a number of important settlements with Indian and Gulf investors to avoid paying compensations up…