Business
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…
Egypt’s market loses LE10 bn in week, EGX30 index drops 8.4%
July 10, 2015
Egypt’s market loses LE10 bn in week, EGX30 index drops 8.4%
Egypt's stock market has witnessed losses of LE10 billion this week, as all indexes fell, Egyptian Exchange data showed. The main…
Egypt’s market gains LE1.13 billion on Thursday, EGX30 rises 0.9%
July 9, 2015
Egypt’s market gains LE1.13 billion on Thursday, EGX30 rises 0.9%
Egypt's market on Thursday recovered slightly from a steep downtrend, as the benchmark EGX30 index rose by 0.88 percent, recording…
PM inaugurates “Creative Egypt”, a grand handicrafts outlet
July 9, 2015
PM inaugurates “Creative Egypt”, a grand handicrafts outlet
Prime Minister Ibrahim Mehleb opened on Wednesday a permanent market for handicrafts at the Omar Effendi department store in Mohandessin. Mehleb,…
Egyptian pound steady at auction, weaker on parallel market
July 9, 2015
Egyptian pound steady at auction, weaker on parallel market
Egypt's central bank held the Egyptian pound steady at LE7.73 to the dollar at a foreign exchange auction on Thursday…
Centamin Reports 33% Increase In Q2 Gold Production From Sukari
July 9, 2015
Centamin Reports 33% Increase In Q2 Gold Production From Sukari
Miner Centamin Plc. Thursday announced preliminary production results for the second quarter ended June 30 from its Sukari Gold Mine…
Banking sources: Egypt’s Banque Misr to raise $500 mn via bond sale
July 9, 2015
Banking sources: Egypt’s Banque Misr to raise $500 mn via bond sale
Banque Misr, Egypt's second-largest state bank, plans to raise $500 million via a dollar-denominated bond on international markets within three…
Juhayna, Arla Foods in partnership agreement
July 8, 2015
Juhayna, Arla Foods in partnership agreement
Egyptian dairy giant Juhayna and Danish Arla Foods have signed a partnership agreement for the establishment of a joint venture…
China stock market freezing up as sell-off gathers pace
July 8, 2015
China stock market freezing up as sell-off gathers pace
China's tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having…