Economy
Minister: Big housing project on Sokhna-Suez road with Italian finance
May 8, 2015
Minister: Big housing project on Sokhna-Suez road with Italian finance
An Italian leading company operating in the building and construction filed has announced preparation of a plan to establish a…
UK markets rally as Conservatives head for outright election win
May 8, 2015
UK markets rally as Conservatives head for outright election win
British financial markets rallied on Friday as election results pointed to a shock outright victory for Prime Minister David Cameron's…
Egyptian pound steady on official market, slightly weaker on black
May 7, 2015
Egyptian pound steady on official market, slightly weaker on black
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday where…
Egypt’s market gains LE460 million on Thursday, while EGX30 down 0.16%
May 7, 2015
Egypt’s market gains LE460 million on Thursday, while EGX30 down 0.16%
Egypt's market closed in the red zone on Thursday, as the EGX30 went down by 0.16 percent, reaching 8,742.42 points,…
Report: Egypt has issued 54 million pounds in coins in 10 months
May 7, 2015
Report: Egypt has issued 54 million pounds in coins in 10 months
Abdel Hamid Lotfy, head of the Egyptian Mint Authority, said the government has issued 54 million pounds in coins from…
Egypt central bank says Thursday forex auction for sale of $300mn
May 7, 2015
Egypt central bank says Thursday forex auction for sale of $300mn
Egypt's central bank said its foreign exchange auction on Thursday would be for the sale of $300 milllion.The amount offered…
Egypt’s foreign reserves at $20.525bn at end-April
May 6, 2015
Egypt’s foreign reserves at $20.525bn at end-April
Egypt's foreign currency reserves rose to $20.525 billion at the end of April from $15.291 billion the previous month, the…
Egypt’s market loses LE1.6 billion on Wednesday, EGX30 down 0.82%
May 6, 2015
Egypt’s market loses LE1.6 billion on Wednesday, EGX30 down 0.82%
Egypt's market registered losses after a surge in the two previous sessions, as the EGX30 on Wednesday's session went down…
Industry Minister visits Rome to discuss re-operating navigational route
May 6, 2015
Industry Minister visits Rome to discuss re-operating navigational route
Trade and Industry Minister Mounir Fakhry abdel Nour began on Wednesday his three-day visit to Italy, aimed at reaching an…