Business
Egypt’s current account hits deficit of $4.1 bn in Jan-March quarter
June 7, 2015
Egypt’s current account hits deficit of $4.1 bn in Jan-March quarter
Egypt's current account deficit registered $4.1 billion in the three months to March from a surplus of $322.9 million in…
Egypt signs $300 mn deal with UOP to produce high-octane benzene
June 5, 2015
Egypt signs $300 mn deal with UOP to produce high-octane benzene
Egypt signed a deal to set up a project to produce high-octane benzene with investments worth about $300 million, the…
Egypt’s market loses LE3 bn in a week, EGX30 down 1.5%
June 5, 2015
Egypt’s market loses LE3 bn in a week, EGX30 down 1.5%
Egypt's market main index EGX30 declined 1.47 percent in this week, Egyptian Exchange data showed.Meanwhile, the EGX70 index and the…
Egypt’s Beltone Capital to offer shares on stock exchange in Q4 2015
June 4, 2015
Egypt’s Beltone Capital to offer shares on stock exchange in Q4 2015
Egypt's Beltone Private Equity will offer shares of Beltone Capital, which it manages, worth LE1 billion ($131.06 million) on the…
Egypt’s market loses LE2.24 billion on Thursday, EGX30 falls 1.4%
June 4, 2015
Egypt’s market loses LE2.24 billion on Thursday, EGX30 falls 1.4%
Egypt's stock market closed in the red zone on Thursday, as the benchmark EGX30 index declined by 1.4 percent, recording…
Egyptian pound steady at official auction and on black market
June 4, 2015
Egyptian pound steady at official auction and 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…
Egypt’s El Sewedy wins 785 mn euro share of Siemens power plant deal
June 4, 2015
Egypt’s El Sewedy wins 785 mn euro share of Siemens power plant deal
Egyptian cable company El Sewedy Electric said on Thursday it had won a 785 million euro portion of a 2…
Egypt’s stock exchange to move to next-day settlement on June 11
June 4, 2015
Egypt’s stock exchange to move to next-day settlement on June 11
Egypt's stock exchange will move to next-day settlement of trades on June 11 in a move aimed at increasing activity…
Emaar Properties trims Egypt listing price, sees up to US$334 mn float
June 4, 2015
Emaar Properties trims Egypt listing price, sees up to US$334 mn float
Dubai's Emaar Properties announced the price range on Thursday for the initial share sale of its Egyptian unit at below…
Telecom Egypt says will not buy treasury stocks
June 4, 2015
Telecom Egypt says will not buy treasury stocks
Telecom Egypt said on Thursday it would not move forward with its plan to buy treasury stocks.The firm had said…