Business
Egypt’s stocks climb by 2.2 pct after Arab, foreign purchases
February 4, 2016
Egypt’s stocks climb by 2.2 pct after Arab, foreign purchases
Egypt's benchmark index EGX 30 climbed by 2.2 percent, supported by Arab and foreign investors' purchases, at the closing of…
Egypt blocks entry of another French wheat shipment
February 4, 2016
Egypt blocks entry of another French wheat shipment
Egypt blocked the entry of a French wheat shipment on Thursday due to a violation of both the Egyptian and…
HC securities working on Egypt acquisitions worth more than $600 mn
February 4, 2016
HC securities working on Egypt acquisitions worth more than $600 mn
Egypt's HC Securities is working on acquisitions in Egypt worth more than LE5 billion (US$638.6 million) this year, Chairman Hussein…
Egypt’s Banque Misr set for $100 mn China Development Bank loan
February 4, 2016
Egypt’s Banque Misr set for $100 mn China Development Bank loan
Egypt's second-largest state lender, Banque Misr, expects to receive a $100 million loan from China Development Bank in February to…
Egyptian pound steady at forex sale, stronger on black market
February 2, 2016
Egyptian pound steady at forex sale, stronger on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but strengthened on the…
Egyptian Leisure Airlines to buy Russian Sukhoi jets
February 2, 2016
Egyptian Leisure Airlines to buy Russian Sukhoi jets
Privately owned Egyptian Leisure Airlines will sign a multi-million dollar deal in Cairo on Tuesday to buy four jets from…
EU wheat hits contract lows after Egypt rejects French cargo
February 2, 2016
EU wheat hits contract lows after Egypt rejects French cargo
European wheat prices fell to new contract lows on Monday after a move by Egypt's state grain buyer to reject…
Tariffs increase protects national industry: Customs Authority
February 2, 2016
Tariffs increase protects national industry: Customs Authority
Magdy Abdel Aziz, head of the Egyptian Customs Authority, said that President Abdel Fattah al-Sisi’s decision to order an increase…
BP slumps into $6.5bn loss for 2015 on oil collapse
February 2, 2016
BP slumps into $6.5bn loss for 2015 on oil collapse
British energy giant BP said Tuesday that it slumped into a vast loss in 2015, ravaged by the dramatic collapse…
Egypt to launch agricultural commodities bourse by year-end
February 1, 2016
Egypt to launch agricultural commodities bourse by year-end
Egypt plans to launch an agricultural-focused commodities trading exchange, the first of its kind in the Middle East, by the…