Economy

Egypt’s Suez Cement posts fall in Q1 net profit to $7.6 million

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

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

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%

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

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

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

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

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

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

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…
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