Business
Egyptian pound steady at forex auction, dips on black market
December 8, 2015
Egyptian pound steady at forex auction, dips on black market
The Egyptian pound held steady at an official foreign currency auction on Tuesday and weakened slightly on the black marketEgypt,…
Qalaa Holdings reports $16 mn Q3 net loss
December 8, 2015
Qalaa Holdings reports $16 mn Q3 net loss
Qalaa Holdings, one of Egypt's largest investment firms, reported a loss of LE125.54 million ($16.03 million) in the third quarter,…
EGPC negotiating to delay dollar payments owed to banks
December 8, 2015
EGPC negotiating to delay dollar payments owed to banks
Egyptian General Petroleum Corp (EGPC) did not receive its full dollar needs from the central bank in November and is…
Egypt’s market loses LE2.8 bn on Monday, EGX30 declines 0.9%
December 7, 2015
Egypt’s market loses LE2.8 bn on Monday, EGX30 declines 0.9%
Egypt's market closed in the red zone on Monday's session,as the benchmark index EGX30 declined 0.87 percent, reaching 6,778 points…
Saudi-Iran rivalry sets scene for OPEC showdown over output
December 7, 2015
Saudi-Iran rivalry sets scene for OPEC showdown over output
It used to be said of OPEC that it was like a teabag – it only worked in hot water.
Egypt says it will add up to 3 GW of power, helping to reduce rationing
December 7, 2015
Egypt says it will add up to 3 GW of power, helping to reduce rationing
Egypt expects to add 2,500-3,000 megawatts of electricity generation capacity in the coming year, going some way to ending power…
Egyptian business activity falls to 2-year low in November
December 7, 2015
Egyptian business activity falls to 2-year low in November
Business activity in Egypt dropped to its lowest in more than two years in November, falling the fastest since September…
Egypt’s Banque Misr closes $250 mn 3-yr loan: arranger
December 6, 2015
Egypt’s Banque Misr closes $250 mn 3-yr loan: arranger
Banque Misr has raised a US$250 million loan of three years duration that Egypt's second-largest state lender will use for…
Egypt’s market gains LE2 bn on Sunday, EGX30 rises 0.9%
December 6, 2015
Egypt’s market gains LE2 bn on Sunday, EGX30 rises 0.9%
Egypt's stock market finished higher for a fourth session in a row, as the benchmark EGX30 index on Sunday rose…
Egyptian pound steady at forex sale, stronger on black market
December 6, 2015
Egyptian pound steady at forex sale, stronger on black market
The Egyptian pound held steady at an official foreign currency auction on Sunday and strengthened slightly on the black market Egypt,…