Business
Egyptian stock market announces Ramadan working hours
June 15, 2015
Egyptian stock market announces Ramadan working hours
The Egyptian stock market announced the trading hours during the month of Ramadan on Monday. The EGX official website said in…
Egypt’s market loses LE1.7 billion on Monday, EGX30 down by 0.22%
June 15, 2015
Egypt’s market loses LE1.7 billion on Monday, EGX30 down by 0.22%
Egypt's stock market continued negative performance for the eighth session in a row, as the benchmark EGX30 index went down…
EFG Hermes plans to invest in renewable energy sector
June 15, 2015
EFG Hermes plans to invest in renewable energy sector
Karim Awad, CEO of the EFG-Hermes Holding Company, announced the company's plan to invest in the renewable energy sector by…
Minister approves temporary licensing for industrial projects
June 14, 2015
Minister approves temporary licensing for industrial projects
The Ministry of Industry and Trade has decreed to allow the Industrial Development Authority to issue temporary licenses for industrial…
UPDATE: Framework ready soon for Egyptian investment fund
June 14, 2015
UPDATE: Framework ready soon for Egyptian investment fund
he legal framework for a proposed LE5 billion ($655 million) sovereign investment fund will be complete within four months, Egypt's…
Egypt’s market loses LE3.2 billion on Sunday, EGX30 falls 1.1%
June 14, 2015
Egypt’s market loses LE3.2 billion on Sunday, EGX30 falls 1.1%
Egypt's stock market extended its losses for the seventh session in a row, as the benchmark EGX30 index declined by…
UPDATE: EFG-Hermes Leasing says portfolio is LE900 million
June 14, 2015
UPDATE: EFG-Hermes Leasing says portfolio is LE900 million
The size of the portfolio of EFG-Hermes Leasing, a wholly-owned subsidiary of investment bank EFG-Hermes, is LE900 million ($118 million),…
Egyptian pound steady at official auction, weaker on black market
June 14, 2015
Egyptian pound steady at official auction, weaker on black market
Egypt's central bank kept the pound's exchange rate steady at 7.53 to the U.S. dollar at a foreign exchange auction…
El Sewedy Electric to develop solar power plant in Upper Egypt
June 14, 2015
El Sewedy Electric to develop solar power plant in Upper Egypt
Egyptian cable maker El Sewedy Electric said on Sunday it had entered into an agreement to develop a 50 megawatt…
Egypt’s GASC buys 180,000 tons of Russian, Romanian wheat
June 13, 2015
Egypt’s GASC buys 180,000 tons of Russian, Romanian wheat
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Friday it had bought 180,000 tons of…