Economy
Importers complain of funding crisis due to limits imposed on US dollar by CBE
April 22, 2015
Importers complain of funding crisis due to limits imposed on US dollar by CBE
Importers are facing, among other difficulties, a lack of foreign currency and trouble opening letters of credit, said Chief of…
Business women association tackles opening market for Egyptian food products in US
April 22, 2015
Business women association tackles opening market for Egyptian food products in US
A delegation from the Businesswomen Egypt 21 (BWE21) Association has a carried out a visit to the US, during which it…
Dubai’s Arabtec says in talks with banks to fund Egypt project
April 22, 2015
Dubai’s Arabtec says in talks with banks to fund Egypt project
Dubai builder Arabtec said on Wednesday it was in talks with several local and international banks on financing the first…
Egypt’s market loses LE1.31 billion on Tuesday, EGX30 down 0.24%
April 21, 2015
Egypt’s market loses LE1.31 billion on Tuesday, EGX30 down 0.24%
Egypt's market traded sideways in on Tuesday for the third session in a row, with the benchmark index EGX30 decreasing…
Egypt expresses reservations on establishing Arab-Turkish business council
April 21, 2015
Egypt expresses reservations on establishing Arab-Turkish business council
Egypt has expressed reservations on the establishment of a joint Arab-Turkish business council, mentioned in the draft closing statement of…
Prime Minister: State committed to stabilizing sugar prices in local market
April 20, 2015
Prime Minister: State committed to stabilizing sugar prices in local market
The Egyptian government is committed to the stability of sugar prices within the local market, in an effort to protect…
Egypt’s market loses LE6.13 billion on Monday, EGX30 drops 1.93%
April 20, 2015
Egypt’s market loses LE6.13 billion on Monday, EGX30 drops 1.93%
Egypt's market incurred heavy losses on Monday for the second session in a row, with the benchmark index EGX30 dropping…
Egypt’s foodmaker Edita signs $12mn contracts with Hostess Brands
April 20, 2015
Egypt’s foodmaker Edita signs $12mn contracts with Hostess Brands
Egyptian foodmaker Edita signed two contacts worth $12 million with U.S.-based Hostess Brands LLC to buy the manufacturing rights of…
Egypt’s EFG-Hermes seeks to raise $51mn in capital hike
April 20, 2015
Egypt’s EFG-Hermes seeks to raise $51mn in capital hike
Egypt's EFG-Hermes, one of the Middle East's largest investment banks, is seeking to raise its capital by 391.83 million Egyptian…
Egyptian pound steady on official market, weaker on black market
April 19, 2015
Egyptian pound steady on official market, weaker 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…