Business
Egypt says wheat cargoes to take less time to offload
June 24, 2015
Egypt says wheat cargoes to take less time to offload
Egypt's supply minister said on Wednesday a plan was being studied to cut the offloading period for wheat cargoes in…
Egyptian pound steady at official auction, slightly weaker on black market
June 23, 2015
Egyptian pound steady at official auction, slightly weaker on black market
Egypt's central bank kept the pound's exchange rate steady at 7.53 to the US dollar at a foreign exchange auction…
Informal economy in Egypt amounts to LE1.5 trillion
June 23, 2015
Informal economy in Egypt amounts to LE1.5 trillion
The 2015 report of the Ministry of Local Development and the Ministry of National Planning said the informal economy in…
Egypt wants trade exchange with India increased to US$8 bn
June 23, 2015
Egypt wants trade exchange with India increased to US$8 bn
Egypt is eyeing an increase to its trade exchange with India to US$8 billion in 2016, up from US$5.5 billion…
Egypt’s market loses LE2.5 billion on Tuesday, EGX30 down 0.5%
June 23, 2015
Egypt’s market loses LE2.5 billion on Tuesday, EGX30 down 0.5%
Egypt's stock market closed in the red zone for the third session in a row, as the benchmark EGX30 index…
Minister: New free zones to be declared in Upper Egypt
June 23, 2015
Minister: New free zones to be declared in Upper Egypt
Investment Minister Ashraf Salman said new free zones in Upper Egypt will be declared during the upcoming investment conference, which…
National Bank of Egypt picks banks for potential benchmark bond
June 23, 2015
National Bank of Egypt picks banks for potential benchmark bond
National Bank of Egypt (NBE), the oldest commercial lender in the country, has picked five banks to arrange fixed income…
Egypt looking into paying for Russian wheat in roubles
June 22, 2015
Egypt looking into paying for Russian wheat in roubles
Egypt, the world's largest wheat importer, is studying a proposal put forward by some Russian grain exporters to pay for…
Egypt’s market gains LE1.6 billion on Monday, while all indexes go down
June 22, 2015
Egypt’s market gains LE1.6 billion on Monday, while all indexes go down
Egypt's stock market closed in the red zone for the second session in a row, as the benchmark EGX30 index…
Minister: Egypt to implement projects worth LE3.1 bn in May
June 22, 2015
Minister: Egypt to implement projects worth LE3.1 bn in May
Two hundred twenty-one industrial projects worth LE3.1 billion were cleared in May to begin implementation, Trade and Industry Minister Mounir Fakhry Abdel…