Business
Tourism association: EGP drop attractive for tourists
July 6, 2015
Tourism association: EGP drop attractive for tourists
Egypt’s tourist agents are keeping an eye on the impact the US dollar’s recent surge against the Egyptian pound is…
Egypt’s market loses LE11.9 billion on Monday, EGX30 falls 4.2%
July 6, 2015
Egypt’s market loses LE11.9 billion on Monday, EGX30 falls 4.2%
Egypt's market lost ground on Monday's session, as the benchmark EGX30 index dropped plummeted by 4.23 percent, recording 7,870.78 points…
Industry, finance ministers to establish Egyptian Trade Network
July 6, 2015
Industry, finance ministers to establish Egyptian Trade Network
The ministers of industry and finance agreed to take operational steps to establish a network for the development of Egyptian…
Newspaper: Govt close to IMF loan
July 6, 2015
Newspaper: Govt close to IMF loan
The Egyptian government is nearing a deal with the International Monetary Fund for a financial loan that Egypt hopes would…
Egypt’s natural gas production drops 4.5%
July 6, 2015
Egypt’s natural gas production drops 4.5%
Egypt’s average natural gas production has declined to 4.395 bcf/day y-t-d, down from 4.6 bcf/day in 2014, according to daily…
Report: Govt reduces energy subsidies by 40%
July 6, 2015
Report: Govt reduces energy subsidies by 40%
A recent report issued by the Cairo Center for Economic Studies on energy subsidies has shown that the government has…
Tourist Development Authority retrieves 90,500,000 square meters in Red Sea governorate
July 6, 2015
Tourist Development Authority retrieves 90,500,000 square meters in Red Sea governorate
The executive chairman of the Egyptian Tourist Development Authority, Serag Eddin Saad, has revealed that the authority has retrieved 90,500,000…
Kuwait’s Al Ahli Bank gets Kuwaiti regulator nod to buy Piraeus Bank Egypt
July 6, 2015
Kuwait’s Al Ahli Bank gets Kuwaiti regulator nod to buy Piraeus Bank Egypt
Kuwait's Al Ahli Bank received approval from the Gulf state's central bank to buy Piraeus Bank's Egyptian unit, it said…
UPDATE: Egypt’s market tumbles as Emaar Misr sinks; Saudi drops
July 6, 2015
UPDATE: Egypt’s market tumbles as Emaar Misr sinks; Saudi drops
Egypt's stock market fell sharply early on Monday, sliding below major technical support, as leading property firm Emaar Misr sank…
Europe shares set for steep falls after Greek ‘No’
July 6, 2015
Europe shares set for steep falls after Greek ‘No’
European shares were set for steep falls on Monday, the euro stumbled and yields on weaker euro zone economies' bonds…