Business
Qalaa’s Mashreq in talks to terminate liquid bulk station contract at East Port Said
November 23, 2015
Qalaa’s Mashreq in talks to terminate liquid bulk station contract at East Port Said
Mashreq Petroleum, a subsidiary of Qalaa Holdings, is in negotiations with the General Authority of the Suez Canal Economic Zone…
UPDATE: Egypt’s Orascom Construction reports Q3 net income of $24.5 mn
November 23, 2015
UPDATE: Egypt’s Orascom Construction reports Q3 net income of $24.5 mn
Orascom Construction Ltd , listed in both Cairo and Dubai, posted third-quarter net income of $24.5 million, the engineering and…
INTERVIEW: Egypt’s GB Auto urges support for industry to avert future crisis
November 22, 2015
INTERVIEW: Egypt’s GB Auto urges support for industry to avert future crisis
Egypt's largest car assembler and distributor GB Auto says it is pushing ahead with its expansion plans despite a dollar…
Egypt’s market gains LE820 mn on Sunday, EGX30 up 0.6%
November 22, 2015
Egypt’s market gains LE820 mn on Sunday, EGX30 up 0.6%
Egypt's stock market closed in the green zone for the third session in a row, as the benchmark EGX30 index…
Egyptian pound steady at auction and on parallel market
November 22, 2015
Egyptian pound steady at auction and on parallel market
Egypt's central bank kept the pound steady at LE7.7301 to the dollar at its official foreign currency auction on Sunday,…
CNN: Low oil prices could lead to energy shortages
November 22, 2015
CNN: Low oil prices could lead to energy shortages
Low oil prices could lead to global fuel shortages in the future, the International Energy Agency has warned. The IEA said…
Orascom refutes nationalization reports of North Korean subsidiary
November 22, 2015
Orascom refutes nationalization reports of North Korean subsidiary
Orascom Telecom Media and and Technology (OTMT) has dismissed news reports claiming that its North Korean subsidiary, Cheo Technology (Koryolink),…
GLOBAL LNG: Prices up on tight supply, Indian demand evaporates
November 21, 2015
GLOBAL LNG: Prices up on tight supply, Indian demand evaporates
Asian liquefied natural gas (LNG) prices for January delivery rose to around US$7.80 per million British thermal units (mmBtu) this…
Egypt’s market loses LE2.1 bn in a week, EGX30 index drops 3.5%
November 20, 2015
Egypt’s market loses LE2.1 bn in a week, EGX30 index drops 3.5%
Egypt's stock market witnessed losses for the fourth week in a row as all indexes dropped, Egyptian Exchange data showed. The…
Dollar dips in Asia as stock markets extend gains
November 20, 2015
Dollar dips in Asia as stock markets extend gains
The dollar sank against emerging market currencies and the yen in Asia Friday after seeing sharp losses on Wall Street…