Business

Egypt’s Palm Hills agrees $98 million loan through subsidiary

Egypt’s Palm Hills agrees $98 million loan through subsidiary

Palm Hills, Egypt's second largest listed real estate developer, has agreed a medium-term loan worth 750 million Egyptian pounds ($98.3…
Cyprus seeks private investment for biggest port

Cyprus seeks private investment for biggest port

Bailed out Cyprus said on Monday it was seeking investors to manage and develop its largest port of Limassol as…
Lebanon’s Bank Audi aims to double Egypt earnings by 2017

Lebanon’s Bank Audi aims to double Egypt earnings by 2017

Lebanon's Bank Audi aims to double its assets and earnings in Egypt by 2017 as it bets on a continued…
Egyptian stock market announces Ramadan working hours

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%

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

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

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

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%

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

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),…
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