Business
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…
Oil slips as Saudis stand by to increase production
June 12, 2015
Oil slips as Saudis stand by to increase production
Oil prices slipped on Friday after the world's top crude exporter Saudi Arabia said it was ready to raise output…
Planning Minister: Amlak Fund to start with LE5 billion capital
June 12, 2015
Planning Minister: Amlak Fund to start with LE5 billion capital
The new sovereign wealth fund “Amlak” will start with a capital of LE5 billion as of the new financial year…
Egypt’s market loses $1.13 bn in a week, EGX30 drops 3.2%
June 12, 2015
Egypt’s market loses $1.13 bn in a week, EGX30 drops 3.2%
Egypt's market main index EGX30 fell 3.2 percent in this week, Egyptian Exchange data showed.Meanwhile, the EGX70 index and the…
Central bank: Egypt to issue 1-year T-bill worth $700 mn
June 12, 2015
Central bank: Egypt to issue 1-year T-bill worth $700 mn
Egypt will issue a 1-year treasury bill worth $700 million dollars, a central bank statement said on Thursday.The statement said…
Egypt’s Qalaa Holdings says Q1 net loss narrows, posts 42.5% jump in revenues
June 12, 2015
Egypt’s Qalaa Holdings says Q1 net loss narrows, posts 42.5% jump in revenues
Qalaa Holdings, one of Egypt's largest investment firms, on Thursday reported a first-quarter net loss after tax and minority interests…
Egyptian pound steady at official auction, slightly stronger on the black market
June 11, 2015
Egyptian pound steady at official auction, slightly stronger on the black market
Egypt's central bank kept the pound's exchange rate steady at 7.53 to the dollar at a foreign exchange auction on…
Egypt’s market loses LE1.5 billion on Thursday, EGX30 down 0.15%
June 11, 2015
Egypt’s market loses LE1.5 billion on Thursday, EGX30 down 0.15%
Egypt's stock market closed in the red zone for the sixth session in a row, as the benchmark EGX30 index…