Economy

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…
Sudan buys Sawiris stake in Ariab Mining Company for $100mn

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

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 %

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

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

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

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…
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