Business
Wheat strategic reserves cover Egypt’s needs until mid-February
July 15, 2015
Wheat strategic reserves cover Egypt’s needs until mid-February
Khaled Hanafy, Minister of Supply and Internal Trade, announced that the strategic reserves of local and imported wheat are sufficient…
Investor: 60% of hotel guests in Eid al-Fitr are Egyptians
July 15, 2015
Investor: 60% of hotel guests in Eid al-Fitr are Egyptians
The hotel occupancy rate in Egypt during Eid al-Fitr holidays is expected to reach 100 percent in most tourist cities,…
Former EGX chief: CBE policies could yield negative results
July 15, 2015
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 %
July 14, 2015
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
July 14, 2015
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%
July 14, 2015
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
July 14, 2015
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
July 14, 2015
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%
July 14, 2015
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%
July 13, 2015
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…