Economy
E-Finance Chief: Fuel smart cards to be distributed to traffic departments starting May 20
May 14, 2015
E-Finance Chief: Fuel smart cards to be distributed to traffic departments starting May 20
Fuel smart cards will be distributed at Cairo traffic departments starting May 20, according to Ibrahim Sarhan, head of the company…
Egypt’s market threatened with deletion from MSCI index
May 14, 2015
Egypt’s market threatened with deletion from MSCI index
Morgan Stanley Commercial Index threatened the Egyptian Stock Exchange with deletion from its emerging markets index, after removing Telecom Egypt…
Telecom Egypt CEO says no alternative for mobile carrier license
May 14, 2015
Telecom Egypt CEO says no alternative for mobile carrier license
Telecom Egypt CEO Mohamed al-Nawawy said the company has no alternative but to obtain mobile carrier license in order to…
Egypt’s Madinet Nasr Q1 net profit falls 51% yr-on-yr
May 14, 2015
Egypt’s Madinet Nasr Q1 net profit falls 51% yr-on-yr
Egyptian property developer Madinet Nasr reported first-quarter net profit of LE24.8 million ($3.25 million), a 51.3 percent fall from a…
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…