Economy
Minister: New monorail project to link 6 October, Sheikh Zayed to Cairo, Giza
May 2, 2015
Minister: New monorail project to link 6 October, Sheikh Zayed to Cairo, Giza
Housing Minister Mostafa Madbouly has declared the Egyptian-Canadian international alliance will build a suspension railway that links 6 October city…
Non-European automotive industry calls for lower customs on car imports
May 2, 2015
Non-European automotive industry calls for lower customs on car imports
Many US and Asian agents of automotive companies have called on the government to reduce customs imposed on cars imported…
Egypt’s market loses LE50 million in first 4 months of 2015, all indexes decline
May 2, 2015
Egypt’s market loses LE50 million in first 4 months of 2015, all indexes decline
All Indexes of Egypt's market dropped in the first four months of this year, while market capitalization lost only LE50…
Stock market head: First quarter of 2015 worst since 2008 crisis
May 1, 2015
Stock market head: First quarter of 2015 worst since 2008 crisis
The first quarter of this year has been the worst since the 2008 economic crisis, said Chairman of the Egyptian…
EGX Chairman named head of ASEA capital markets standards committee
April 30, 2015
EGX Chairman named head of ASEA capital markets standards committee
The Executive Committee of the African Securities Exchanges Association (ASEA) has chosen Egyptian Exchange (EGX) Chairman Mohamed Omran to be…
Egyptian pound steady on official, black markets
April 30, 2015
Egyptian pound steady on official, black markets
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Thursday while…
Minister: Egypt aims to issue sukuk in early 2015/2016
April 30, 2015
Minister: Egypt aims to issue sukuk in early 2015/2016
Egypt's Finance Minister Hany Kadry Dimian said on Thursday he hoped to issue, at the very least, an ijara-structured sukuk…
Minister: Studies on Cyprus gas project to end mid-2015
April 30, 2015
Minister: Studies on Cyprus gas project to end mid-2015
Petroleum Minister Sherif Ismail said that his talks with Cypriot officials focused on the joint project to develop a natural…
Egypt’s market gains LE6.7 billion on Thursday, EGX30 surges 2.17%
April 30, 2015
Egypt’s market gains LE6.7 billion on Thursday, EGX30 surges 2.17%
Egypt's market continued to make gains on Thursday's session as the EGX30 increased by 2.17 percent, to reach 8,672.29 points…
Distribution of fuel smart cards to start 15 June
April 30, 2015
Distribution of fuel smart cards to start 15 June
E-finance Company, responsible for the fuel smart cards project, is planning to begin the delivery of the cards to citizens…