Business
Minister: No party would be harmed by application of new Civil Service Law
July 13, 2015
Minister: No party would be harmed by application of new Civil Service Law
No party would be harmed by the application of the Civil Service Law, said Finance Minister Hany Qadry Dimian on…
President approves law empowering private sector to produce electricity
July 13, 2015
President approves law empowering private sector to produce electricity
President Abdel Fattah al-Sisi has adopted changes to the laws on power generation and the national electricity authority, which essentially…
Holding company: 32 companies in limbo over cotton import ban
July 13, 2015
Holding company: 32 companies in limbo over cotton import ban
Government textile companies are expected to be negatively affected by a recent decision from the Agriculture Ministry to ban the…
Egypt’s Emaar Misr first-half net sales grow by 20 %
July 13, 2015
Egypt’s Emaar Misr first-half net sales grow by 20 %
Egyptian developer Emaar Misr reported a 20 percent rise in first-half net sales to LE3.91 billion ($499.36 million) on Monday…
Financial Supervisory Authority welcomes amendments to private insurance fund regulations
July 13, 2015
Financial Supervisory Authority welcomes amendments to private insurance fund regulations
The Egyptian Financial Supervisory Authority has welcomed the amendment of the executive regulations for the law of private insurance funds,…
Egyptian pound steady at auction, stronger on parallel market
July 12, 2015
Egyptian pound steady at auction, stronger on parallel market
Egypt's central bank held the Egyptian pound steady at 7.73 per dollar for the third straight foreign exchange auction on…
Saudi’s Mobily names former Mobinil executive as new chief financial officer
July 12, 2015
Saudi’s Mobily names former Mobinil executive as new chief financial officer
Etihad Etisalat (Mobily), Saudi Arabia's number two telecommunications operator, has appointed Kais Ben Hamida as chief financial officer, its parent…
Egypt’s market gains LE1.4 billion on Sunday, EGX30 rises 1%
July 12, 2015
Egypt’s market gains LE1.4 billion on Sunday, EGX30 rises 1%
Egypt's market closed in the green zone on Sunday's session , as the benchmark EGX30 index rose by 0.97 percent,…
Egypt, Sudan in talks to cultivate 100,000 acres in Blue Nile
July 12, 2015
Egypt, Sudan in talks to cultivate 100,000 acres in Blue Nile
Egypt and Sudan are discussing the cultivation of 100,000 acres owned by a joint company at the Blue Nile state…
Ministry: Egypt accounts for 16.6% of world date production
July 12, 2015
Ministry: Egypt accounts for 16.6% of world date production
Egypt produces 16.6 percent of the world’s date production and 24.2 percent of the Arabian output, according to a recent…