Economy
Egypt’s Suez Cement posts fall in Q1 net profit to $7.6 million
April 30, 2015
Egypt’s Suez Cement posts fall in Q1 net profit to $7.6 million
Suez Cement, Egypt's largest listed cement maker by market value, on Thursday reported a first-quarter net profit of LE58 million…
UPDATE: Egypt’s Qalaa Holdings posts $115 million year loss
April 30, 2015
UPDATE: Egypt’s Qalaa Holdings posts $115 million year loss
Qalaa Holdings, one of Egypt's largest investment firms, reported a full-year net loss of LE879.6 million ($115.3 million) on Thursday…
Egypt’s Mobinil sells unit stake to Eaton Towers subsidiary
April 29, 2015
Egypt’s Mobinil sells unit stake to Eaton Towers subsidiary
Egypt's Mobinil said on Wednesday it had sold its stake in an Egyptian mobile tower services firm to a subsidiary…
Egypt’s market gains LE4.7 billion on Wednesday, EGX30 rises 1.9%
April 29, 2015
Egypt’s market gains LE4.7 billion on Wednesday, EGX30 rises 1.9%
Egypt's market closed in the green zone on Wednesday, after three consecutive sessions of losses, with the benchmark index EGX30…
CAPMAS: 4.4% increase in tourism in 2014
April 29, 2015
CAPMAS: 4.4% increase in tourism in 2014
The number of inbound tourists reached 9.9 million people in 2014, compared to 9.5 million people in 2013, marking an…
Egyptian pound steady at official market, weaker on black market
April 29, 2015
Egyptian pound steady at 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 Wednesday while…
Access Power agrees Egypt solar plant deal, in talks for wind scheme
April 29, 2015
Access Power agrees Egypt solar plant deal, in talks for wind scheme
Access Power said on Wednesday it had agreed a deal with Egypt's government to build a 65 megawatt (MW) solar…
Minister: Internet prices high, minimum speed to reach 2 megabytes
April 29, 2015
Minister: Internet prices high, minimum speed to reach 2 megabytes
Telecommunications Minister Khaled Negm said he will restructure prices for the internet service that 40 million citizens depend on in…
Gasoline smart cards go into effect June 15
April 29, 2015
Gasoline smart cards go into effect June 15
Prime Minister Ibrahim Mehleb has ordered all petroleum distribution companies to sell gasoline octane 92, 80 and diesel oil to consumers,…
Oil dips as oversupply outweighs Saudi royal reshuffle
April 29, 2015
Oil dips as oversupply outweighs Saudi royal reshuffle
Oil prices dipped on Wednesday as oversupply and weak demand outweighed uncertainty in Saudi Arabia where King Salman relieved the…