Economy

Newspaper: 8 banks offer LE10bn loan to Egyptian Electricity Company

Newspaper: 8 banks offer LE10bn loan to Egyptian Electricity Company

A group of 8 banks have offered to provide the Egyptian Electricity Holding Company (EEHC) with a LE10bn loan, aimed…
Egypt’s market gains LE6.7 billion on Tuesday, EGX30 rises 2.04%

Egypt’s market gains LE6.7 billion on Tuesday, EGX30 rises 2.04%

Egypt's market boosted its gains for the second day in a row, as the EGX30 on Tuesday's session rose by…
Tourism expert: Developing duty free shops important

Tourism expert: Developing duty free shops important

Atef Abdel Latif, tourism expert and member of the Marsa Alam and South Sinai investors associations, has stressed the need…
Egypt’s GB Auto says shareholders take up $125.8 mn cash call

Egypt’s GB Auto says shareholders take up $125.8 mn cash call

Shareholders in Egypt's GB Auto have subscribed to almost all of its LE960 million ($125.82 million) rights issue as the…
Egypt’s FIHC tenders to buy soybean oil and sunflower oil

Egypt’s FIHC tenders to buy soybean oil and sunflower oil

 Egypt's state-backed Food Industries Holding Company (FIHC) has issued an international tender to purchase up to 25,000 tonnes of crude…
Emaar Misr’s Egypt unit aims to raise $367 mn

Emaar Misr’s Egypt unit aims to raise $367 mn

Egypt's Emmar Misr said on Tuesday its board had recommended to shareholders that the developer offer 600 million shares on…
NTRA: Cabinet to decide on WhatsApp voice application next week

NTRA: Cabinet to decide on WhatsApp voice application next week

The Cabinet will determine whether to allow the continued use of the WhatsApp voice application in Egypt on Sunday, according…
Egypt issues tender for second LNG import terminal

Egypt issues tender for second LNG import terminal

Egypt has issued a five-year tender to lease a second liquefied natural gas (LNG) import terminal, the head of the…
Egypt’s market gains LE920 million on Monday, EGX30 rises1.04%

Egypt’s market gains LE920 million on Monday, EGX30 rises1.04%

Egypt's market recorded gains on Monday's session, as the EGX30 rose by 1.04 percent, reaching 8,652.12 points, and a weak…
Food Africa exhibition to kick off in Cairo on Wednesday

Food Africa exhibition to kick off in Cairo on Wednesday

The international food exhibition Food Africa will begin on Wednesday and run until Saturday at the Cairo International Convention and…
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