Economy
Contractors association demand overhaul of real estate sector
April 9, 2015
Contractors association demand overhaul of real estate sector
Egyptian Contractors Association has urged an overhaul of laws regulating the real estate sector, in order to amend the public…
Egypt tourism revenues more than double in first 8 months of 2014/15
April 8, 2015
Egypt tourism revenues more than double in first 8 months of 2014/15
Egypt's tourism revenue jumped by 113.6 percent to US$4.01 billion during July-February 2014/2015, compared to LE1.9 billion during July-February 2013/2014,…
Egypt’s market gains LE6 billion on Wednesday, EGX30 up 0.83%
April 8, 2015
Egypt’s market gains LE6 billion on Wednesday, EGX30 up 0.83%
Egypt's benchmark index EGX30 increased 0.83 percent on Wednesday's session, reaching 8,788.90 points and a LE 687.5 million turnover, according…
Egyptian pound steady on official, slightly weaker on black markets
April 8, 2015
Egyptian pound steady on official, slightly weaker on black markets
Egypt's central bank kept the pound steady at E7.53 to the dollar at a foreign exchange auction on Wednesday, while…
Investor: 17 resorts shut down in Marsa Alam, Qusayr
April 8, 2015
Investor: 17 resorts shut down in Marsa Alam, Qusayr
Seventeen resorts in Marsa Alam and al-Qusayr, the Red Sea, out of 72 resorts have closed due to financial obstacles,…
Finance Ministry issues executive regulations of capital gain tax
April 8, 2015
Finance Ministry issues executive regulations of capital gain tax
Egypt’s Finance Ministry has approved a number of amendments to the executive regulations of the income-tax law to accommodate for…
Egypt’s market gains LE7.4 billion on Tuesday, EGX30 rises 2.45 %
April 7, 2015
Egypt’s market gains LE7.4 billion on Tuesday, EGX30 rises 2.45 %
Egypt's market recovered on Tuesday's session in, with benchmark index EGX30 increasing 2.45 percent, reaching 8,716.37 points and a LE409.4…
EGX to list 3 petroleum companies with total capital of LE8.5 bn
April 7, 2015
EGX to list 3 petroleum companies with total capital of LE8.5 bn
The Egyptian Exchange (EGX) is coordinating with three new companies belonging to the petroleum sector to become listed on the…
Mobile phone operators accuse TE Data of stealing customers
April 7, 2015
Mobile phone operators accuse TE Data of stealing customers
Egypt’s three mobile phone service operators have accused the country’s sole landline phone operator, Telecom Egypt, of causing them to lose their…
Oil prices fall; Iran, China to discuss supplies
April 7, 2015
Oil prices fall; Iran, China to discuss supplies
Brent crude prices fell almost US$1 a barrel on Tuesday, with an Iranian delegation in Beijing this week to push…