Business
BG Egypt appoints oil and gas veteran as new president
July 27, 2015
BG Egypt appoints oil and gas veteran as new president
BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as…
Egyptian pound steady at official auction, weaker at exchange bureaus
July 26, 2015
Egyptian pound steady at official auction, weaker at exchange bureaus
Egypt's central bank kept the Egyptian pound steady at 7.73 per dollar at a foreign exchange auction on Sunday after…
Egypt’s market loses LE1.1 billion Sunday, EGX30 declines 1%
July 26, 2015
Egypt’s market loses LE1.1 billion Sunday, EGX30 declines 1%
Egypt's market closed in the red zone on Sunday, as the benchmark EGX30 index on declined 1.02 percent, recording 8,004.83…
Tourist influx up by 16.5% in May 2015
July 26, 2015
Tourist influx up by 16.5% in May 2015
The number of incoming tourists to Egypt in May 2015 reached 894,600, compared to 768,200 in May 2014, indicating a…
Al-Masry Al-Youm considers terminating contract with Promomedia
July 26, 2015
Al-Masry Al-Youm considers terminating contract with Promomedia
The Al-Masry Al-Youm, Al-Watan and Youm7 newspapers have increased pressure against Promomedia, a media house that provides media solutions and services. Al-Masry Al-Youm recently…
Egypt’s Pioneers Holding board approves offer to buy up Cairo for Housing and Development
July 26, 2015
Egypt’s Pioneers Holding board approves offer to buy up Cairo for Housing and Development
Egypt's Pioneers Holding said on Sunday its board had approved an offer to purchase remaining shares of Cairo for Housing…
Egypt to repay part of its debt to foreign oil companies by end of 2015
July 24, 2015
Egypt to repay part of its debt to foreign oil companies by end of 2015
The Egyptian General Petroleum Corporation aims to repay part of its debt to foreign companies operating in Egypt by the…
Luxor’s Valley of the Kings reopened
July 24, 2015
Luxor’s Valley of the Kings reopened
The Ministry of Tourism has announced that the lighting system in the Valley of the Kings, Hatshepsut temple and Ramesseum…
Diplomat: Total Egypt-China trade volume reached US$1.6 bn in 2014
July 24, 2015
Diplomat: Total Egypt-China trade volume reached US$1.6 bn in 2014
The total volume of trade exchange between Egypt and China reached US$11.6 billion in 2014, which represents an increase of…
Local gold exceeds world price by LE12
July 23, 2015
Local gold exceeds world price by LE12
Global gold prices continued to fall on Wednesday, dropping by US$50 to $1,086 an ounce, the lowest in five years.