Business
Egypt’s market loses LE710 mn on Thursday, EGX30 down 0.4%
August 13, 2015
Egypt’s market loses LE710 mn on Thursday, EGX30 down 0.4%
Egypt's market closed in the red zone on Thursday's session, as the benchmark EGX30 index went down 0.41 percent, recording…
Glass factory to sue ministry over power cut
August 13, 2015
Glass factory to sue ministry over power cut
An Alexandria-based glass company, a joint Egyptian-Indonesian investment, has unveiled intentions to litigate the Electricity Ministry for cutting electricity to the…
Investor: Media behind decline in Nuweiba, Taba hotel occupancy
August 13, 2015
Investor: Media behind decline in Nuweiba, Taba hotel occupancy
The media reporting on security unrest after the 25 January revolution and the terrorism in Sinai is the reason behind…
Egyptian pound steady at official auction, stronger at exchange bureaux
August 13, 2015
Egyptian pound steady at official auction, stronger at exchange bureaux
Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Thursday, and the…
Orascom Construction unit wins $245 mn Texas housing project
August 13, 2015
Orascom Construction unit wins $245 mn Texas housing project
Orascom Construction said on Thursday that The Weitz Company, a wholly-owned subsidiary, had been selected to design and build a…
Profits quadruple at Egyptian property group Palm Hills in Q2
August 13, 2015
Profits quadruple at Egyptian property group Palm Hills in Q2
Palm Hills, Egypt's second-biggest listed property developer, reported on Thursday a four-fold increase in second-quarter net profits on the back…
Egypt’s Amer Group Q2 net profit plunges 98%
August 13, 2015
Egypt’s Amer Group Q2 net profit plunges 98%
Egypt's Amer Group reported a sharp fall in second quarter net profit on Thursday to LE856,763 ($109,490) from LE42.36 million…
Official: LE150 million allocated for surveillance cameras in Red Sea, South Sinai
August 13, 2015
Official: LE150 million allocated for surveillance cameras in Red Sea, South Sinai
Tourism Ministry has allocated LE150 million to install surveillance cameras in the Red Sea and South Sinai governorates, as part of…
Egypt’s market loses LE6.1 billion on Wednesday, EGX30 drops 2.1%
August 12, 2015
Egypt’s market loses LE6.1 billion on Wednesday, EGX30 drops 2.1%
Egypt's market incurred heavy losses on Wednesday's session, as the benchmark EGX30 index fell 2.12 percent, recording 7,911.88 points and…
Egypt’s Talaat Mostafa first-half profit rises 12%
August 12, 2015
Egypt’s Talaat Mostafa first-half profit rises 12%
Egyptian developer Talaat Mostafa Group Holding Co Sae reported a 12 percent year-on-year rise in first half net profit after…