Business

Former EGX chief: CBE policies could yield negative results

Former EGX chief: CBE policies could yield negative results

A former head of Egypt’s stock market has warned that measures by the Central Bank of Egypt to control the…
Egypt’s Juhayna says Q2 net income rises 64 %

Egypt’s Juhayna says Q2 net income rises 64 %

Juhayna Food Industries , one of Egypt's largest dairy product and juice makers, reported second-quarter net profit of LE65 million…
Egyptian pound steady at auction, parallel market

Egyptian pound steady at auction, parallel market

Egypt's central bank held the Egyptian pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday after…
Egypt’s market gains LE3.1 billion on Tuesday, EGX30 rises 1.3%

Egypt’s market gains LE3.1 billion on Tuesday, EGX30 rises 1.3%

Egypt's market closed in the green zone on Tuesday's session, as the benchmark EGX30 index rose by 1.32 percent, recording…
Local Development Ministry budget over LE6 billion

Local Development Ministry budget over LE6 billion

A report by the Local Development Ministry has revealed that the ministry's budget for the 2015/2016 fiscal year is nearly LE6.5…
Egypt’s Beltone Financial to seek $25.5 mn in August share sale

Egypt’s Beltone Financial to seek $25.5 mn in August share sale

 Egypt's Beltone Financial Holding said on Tuesday it had received regulatory approval for a LE200 million ($25.5 million) capital increase,…
Red Sea occupancy rate 90-100%

Red Sea occupancy rate 90-100%

Hotels and resorts in Hurghada, Gouna and Sahl Hasheesh in the Red Sea have witnessed a significant rise in occupancy…
Egypt’s market loses LE3.6 billion on Monday, EGX30 falls 1.4%

Egypt’s market loses LE3.6 billion on Monday, EGX30 falls 1.4%

Egypt's market closed in the red zone on Monday's session, as the benchmark EGX30 index declined by 1.36 percent, recording 7,587.07…
Allocations for exports could increase from current LE2.6 bn

Allocations for exports could increase from current LE2.6 bn

The government is discussing the possibility of increasing allocations for its Exports Development from a current LE2.6 billion, Foreign Trade…
Sisi issues a decree on Maspero budget

Sisi issues a decree on Maspero budget

President Abdel Fattah al-Sisi issued a decree on the budget of the National Authority for Radio and Television Union Maspero,…
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