Business
Egypt to take part in Berlin’s stock exchange
March 3, 2016
Egypt to take part in Berlin’s stock exchange
Tourism Minister Hisham Zaazou will head Egypt’s delegation at the International Tourism Stock Exchange of Berlin being held March 8-12. The…
Egyptian pound steady at auction, weakens on black market
March 3, 2016
Egyptian pound steady at auction, weakens on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Thursday but weakened significantly on…
LG to start manufacturing washing machines in Egypt before year’s end
March 3, 2016
LG to start manufacturing washing machines in Egypt before year’s end
James Park, vice-president of LG Electronics, has announced his company's plans to start manufacturing washing machines in Egypt before the…
Egypt’s Domty gives US$1.12-$1.17 float price guidance
March 3, 2016
Egypt’s Domty gives US$1.12-$1.17 float price guidance
Arabian Food Industries Co (Domty) said price guidance for its planned share float on the Egyptian bourse would be LE8.8…
Egypt seeks petrol self-sufficiency by 2020: official
March 3, 2016
Egypt seeks petrol self-sufficiency by 2020: official
Vice-Chief of the Egyptian General Petroleum Corporation for Operations Amr Mostafa has announced a plan that includes several petroleum projects…
Egypt addresses airline concerns on profit repatriation: c.bank source
March 3, 2016
Egypt addresses airline concerns on profit repatriation: c.bank source
Egypt has addressed the concerns of airlines who have complained in recent weeks about their inability to repatriate earnings, a…
Bureaucrat and old fungus law hold Egypt’s wheat supplies hostage
March 2, 2016
Bureaucrat and old fungus law hold Egypt’s wheat supplies hostage
A global grain glut should make purchasing wheat cheap and easy for Egypt, the world's biggest importer, but traders say…
Apple lawyer, FBI director face off in US Congress on iPhone encryption
March 2, 2016
Apple lawyer, FBI director face off in US Congress on iPhone encryption
FBI Director James Comey told a congressional panel on Tuesday that a final court ruling forcing Apple Inc (AAPL.O) to…
Egypt, Japan sign several agreements on projects worth US$17 billion
March 2, 2016
Egypt, Japan sign several agreements on projects worth US$17 billion
Egypt and Japan have signed several agreements and memorandums of understanding on the sidelines of the tenth meeting of the…
Moody’s cuts China outlook on eve of NPC, cites reform, fiscal risks
March 2, 2016
Moody’s cuts China outlook on eve of NPC, cites reform, fiscal risks
Moody's downgraded its outlook on Chinese government debt to "negative" from "stable" on Wednesday, citing uncertainty over authorities' capacity to…