Economy
Egypt central bank sells $500 mn in interbank market
May 4, 2015
Egypt central bank sells $500 mn in interbank market
Egypt's central bank said on Monday it sold US$500 million in the interbank market to meet outstanding demand for "strategic…
Russian tourism to return to normal by end of year
May 4, 2015
Russian tourism to return to normal by end of year
Officials from 35 Russian tourist agencies, airlines and hotel services' companies are expecting Russian tourism to the Red Sea to…
Egypt’s market loses LE4.6 billion on Sunday, EGX30 declines 1.3%
May 3, 2015
Egypt’s market loses LE4.6 billion on Sunday, EGX30 declines 1.3%
Egypt's market closed in the red zone on Sunday's session, as the EGX30 declined by 1.26 percent, reaching 8,562.97 points,…
Official source: Mobile operators object to reducing Internet prices
May 3, 2015
Official source: Mobile operators object to reducing Internet prices
An official source in the telecommunications sector has revealed that the three mobile operators: Vodafone, Mobinil and Etisalat, as well…
Egyptian pound steady of official, stronger on black market
May 3, 2015
Egyptian pound steady of official, stronger on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Sunday while…
Rebar-producing factories decide on fixed prices for May
May 3, 2015
Rebar-producing factories decide on fixed prices for May
Most rebar-producing factories have decided to fix the prices of the products sold to consumers in May at LE4,800 per…
Official: Real estate projects funding in first quarter of 2015 reached LE270 million
May 3, 2015
Official: Real estate projects funding in first quarter of 2015 reached LE270 million
Chairman of the Egyptian Financial Supervisory Authority (EFSA) Sherief Samy said in a statement on Sunday, that the funding provided…
Official: Tax arrears reach LE600 billion
May 3, 2015
Official: Tax arrears reach LE600 billion
Tax arrears reached LE600 billion, according to Real Estate Tax Authority Mostafa Abdel Qader. TV contest commercials now have to…
Gulf markets edge up after oil hits new high
May 3, 2015
Gulf markets edge up after oil hits new high
Gulf stock markets edged up in early trade on Sunday, supported by strong oil prices and positive corporate news.Brent crude…
Egypt’s oil exports up in February
May 2, 2015
Egypt’s oil exports up in February
The Central Agency for Public Mobilization and Statistics (CAPMAS) said on Friday the value of Egyptian oil exports increased in…