Economy
Egypt’s market gains $50 million in week, while all indexes down
April 17, 2015
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
April 17, 2015
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 %
April 16, 2015
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
April 16, 2015
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…
Sudan buys Sawiris stake in Ariab Mining Company for $100mn
April 16, 2015
Sudan buys Sawiris stake in Ariab Mining Company for $100mn
Sudan has taken full ownership of Ariab Mining Company after purchasing a 44 percent stake from Egyptian billionaire Naguib Sawiris…
Egypt signs MOUs with Kuwaiti company for $1.6 bln in energy projects
April 15, 2015
Egypt signs MOUs with Kuwaiti company for $1.6 bln in energy projects
Egypt has signed preliminary deals with Kuwait's Alghanim International for two energy-related projects worth a total of $1.6 billion, its…
Egypt’s market loses LE1.3 billion on Wednesday, EGX30 down 0.35 %
April 15, 2015
Egypt’s market loses LE1.3 billion on Wednesday, EGX30 down 0.35 %
Egypt's benchmark index EGX30 declined by 0.35 percent on Wednesday's session, reaching 8,896.68 points, and a turnover of LE528.4 million,…
Egyptian pound steady on official, black markets
April 15, 2015
Egyptian pound steady on official, black markets
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Wednesday, while…
Egyptian businessmen plan joint investments with Chinese counterparts
April 14, 2015
Egyptian businessmen plan joint investments with Chinese counterparts
A delegation from the Egyptian Businessmen Association, headed by Ahmed Mounir Ezz Eddin, has visited the Chinese economic zone northwest…
Sources: Egypt’s Midor refinery seeks $400 million via IPO
April 14, 2015
Sources: Egypt’s Midor refinery seeks $400 million via IPO
Egypt's state-owned Middle East Oil Refinery (Midor) seeks to raise $400 million with an initial public offering (IPO) in the…