Business
Egypt to price first international bond in five years on Thurs -leads
June 4, 2015
Egypt to price first international bond in five years on Thurs -leads
The government of Egypt has set initial price thoughts for a benchmark-sized bond issue which is expected to price later…
Sources: JP Morgan’s MENA equities head moves to EFG-Hermes Asset Management
June 3, 2015
Sources: JP Morgan’s MENA equities head moves to EFG-Hermes Asset Management
JP Morgan's head of equities for the Middle East and North Africa has resigned from the bank and is moving…
French arms exports in 2014 ‘best in 15 years’
June 3, 2015
French arms exports in 2014 ‘best in 15 years’
French arms exports rose 18 percent in 2014, according to a defence ministry report published Tuesday, the country's best export…
UPDATE: Mobinil to offer stake on EGX or to local partner in 2016 , says Orange CEO
June 3, 2015
UPDATE: Mobinil to offer stake on EGX or to local partner in 2016 , says Orange CEO
The chief executive of French telecoms operator Orange said on Wednesday that Egyptian subsidiary Mobinil would offer 10 to 15…
Egypt’s market gains LE1.2 billion on Wednesday, EGX30 up 0.66%
June 3, 2015
Egypt’s market gains LE1.2 billion on Wednesday, EGX30 up 0.66%
Egypt's stock market closed in the green zone for the second session in a row on Wednesday, as the benchmark…
Egypt signs agreements with Siemens over establishing 3 power plants
June 3, 2015
Egypt signs agreements with Siemens over establishing 3 power plants
Electricity Minister Mohamed Shaker said Egypt will sign a number of contracts with the German Siemens company on Wednesday, aimed…
Egypt’s Ezz Steel reports 2014 net loss of $109.5 mn
June 3, 2015
Egypt’s Ezz Steel reports 2014 net loss of $109.5 mn
Egypt's biggest steelmaker Ezz Steel reported a net loss of LE835.58 million ($109.5 million) for 2014, it said in a…
Egyptian pound steady at official auction and on black market
June 2, 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 market gains LE4.5 billion on Tuesday, EGX30 rises 1.2%
June 2, 2015
Egypt’s market gains LE4.5 billion on Tuesday, EGX30 rises 1.2%
Egypt's stock market has recovered from the fifth selloff session in a row, as the benchmark EGX30 index on Tuesday…
EFG Hermes issues first Sustainability Report for 2014
June 2, 2015
EFG Hermes issues first Sustainability Report for 2014
EFG Hermes, the leading investment bank in the Arab world, announced on Tuesday its first sustainability report for 2014 detailing…