Economy
Egypt’s market loses LE19 billion in three sessions
April 28, 2015
Egypt’s market loses LE19 billion in three sessions
Egypt's market slid sharply in the last three sessions due to strong selling pressure taking place in most of the…
Canadian Chamber: Trade volume between Egypt, Canada reaches US$1.1 bn
April 28, 2015
Canadian Chamber: Trade volume between Egypt, Canada reaches US$1.1 bn
Intra-regional trade between Egypt and Canada reached US$1.1 billion, according to Fayez Ezz Eddin, head of the Canadian Chamber of…
1.8% increase in Suez Canal revenues in first quarter of 2015
April 28, 2015
1.8% increase in Suez Canal revenues in first quarter of 2015
The Suez Canal revenues have increased by 1.8 percent in the first quarter of 2015, to reach US$1.24 billion, according…
Egypt’s exports drop by 21.7% in first quarter
April 28, 2015
Egypt’s exports drop by 21.7% in first quarter
Minister of Trade and Industry Mounir Fakhri Abdel Nour said on Tuesday that Egypt's exports fell by 21.7 percent in…
Egyptian pound steady at official market, stronger on black market
April 27, 2015
Egyptian pound steady at official market, stronger on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Monday while…
Egypt selects advisor for issuing US dollar-denominated bonds
April 27, 2015
Egypt selects advisor for issuing US dollar-denominated bonds
The Egyptian government hired Latham and Watkins, as well as Dechert, as legal advisors for the issuance of its planned…
Minister: LE11 billion to be allocated for state security pensions
April 27, 2015
Minister: LE11 billion to be allocated for state security pensions
Finance Minister Hani Qadri Dimian said LE11 billion will be allocated for social security pensions in the 2015-2016 state budget, covering…
Second increase in electricity prices to take place in July
April 27, 2015
Second increase in electricity prices to take place in July
The Electricity Ministry will apply new electricity prices for the 2015-2016 fiscal year in July. Prime Minister Ibrahim Mehleb issued a decision…
Egypt’s market loses LE3.6 billion on Sunday, EGX30 falls 1.12%
April 26, 2015
Egypt’s market loses LE3.6 billion on Sunday, EGX30 falls 1.12%
Egypt's market closed in the red zone on Sunday's session, with the benchmark index EGX30 falling by 1.12 percent to…
Egyptian pound steady at official market, stronger on black market
April 26, 2015
Egyptian pound steady at official market, stronger 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…