Economy

Egypt’s Ezz Steel to raise stake in flat-steel unit

Egypt’s Ezz Steel to raise stake in flat-steel unit

Egypt's biggest steelmaker Ezz Steel said on Sunday it was increasing its stake in its flat-steel subsidiary by converting $255…
Egypt arm of Dubai developer Emaar reports big profit increase

Egypt arm of Dubai developer Emaar reports big profit increase

Emaar Misr, the Egyptian arm of Dubai developer Emaar Properties, on Sunday reported a big jump in first-quarter profits, supported…
Egypt’s market loses LE2.9 million on Sunday, EGX30 falls 1.37%

Egypt’s market loses LE2.9 million on Sunday, EGX30 falls 1.37%

Egypt's benchmark index EGX30 declined 1.37 percent on Sunday's session, reaching 8,765.34 points, with a weak turnover of LE374 million,…
Egypt’s stocks slip as sugar protectionism may hurt food makers

Egypt’s stocks slip as sugar protectionism may hurt food makers

Egypt's main stock index slipped in early trade on Sunday, partly because of Juhayna Food Industries, which may face higher…
Egypt’s GASC buys 300,000 tonnes wheat

Egypt’s GASC buys 300,000 tonnes wheat

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Saturday it had bought 300,000 tonnes of…
22 shipments of diesel oil to be imported for electricity sector

22 shipments of diesel oil to be imported for electricity sector

Egyptian General Petroleum Corporation (EGPC) revealed on Friday a bid to import four shipments of diesel oil (768,000 tons), in…
Egypt’s market gains $50 million in week, while all indexes down

Egypt’s market gains $50 million in week, while all indexes down

Egypt's market gained US$50 million this week, while all indexes were down, Egyptian Exchange data showed.The EGX30 index, the EGX70…
Orascom Construction CEO bullish on Egypt, wants more reforms

Orascom Construction CEO bullish on Egypt, wants more reforms

Orascom Construction is bullish about growth opportunities in Egypt but wants the government to make clear commitments to further economic…
Egypt’s market gains LE570 million on Thursday, while EGX30 down 0.11 %

Egypt’s market gains LE570 million on Thursday, while EGX30 down 0.11 %

Egypt's benchmark index EGX30 down 0.11 percent on Thursday's session, reaching 8,888.21points, and a turnover of LE436.2 million, according to…
Minister: No increase in energy prices in July

Minister: No increase in energy prices in July

The Cabinet has decided to postpone the hike in energy prices, scheduled for July, due to the worldwide decline in…
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