Business
Egyptian pound steady at official auction, weaker on black market
May 24, 2015
Egyptian pound steady at official auction, weaker on black market
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Sunday, while…
CBE prepares list to seize Brotherhood-affiliated companies
May 24, 2015
CBE prepares list to seize Brotherhood-affiliated companies
A senior banking source has revealed that officials from the Central Bank of Egypt (CBE) have prepared a list of…
Egypt to launch up to $3bn LNG purchase tender
May 22, 2015
Egypt to launch up to $3bn LNG purchase tender
Egypt is set to launch what will be a highly sought after tender in early June to buy up to…
Egypt’s market gains $3 bn in one week, EGX30 jumps 8.3% as govt suspends capital gains tax
May 22, 2015
Egypt’s market gains $3 bn in one week, EGX30 jumps 8.3% as govt suspends capital gains tax
Egypt's market main index EGX30 jumped 8.25 percent in this week, after the government had put on hold a new tax…
Construction of KIMA 2 factory stopped due to rising energy prices
May 22, 2015
Construction of KIMA 2 factory stopped due to rising energy prices
The construction works at the KIMA 2 factory in Aswan, which was estimated to cost LE5 billion, and the development…
World Bank provides $5 million grant to eliminate bureaucracy
May 21, 2015
World Bank provides $5 million grant to eliminate bureaucracy
Trade and Industry Minister Mounir Fakhry Abdel Nour said the World Bank has agreed to a grant of $5 million…
EGAS refuses to supply cement company with gas
May 21, 2015
EGAS refuses to supply cement company with gas
Commissioner General of the National Cement Company Saeed Abdel Aaty said the state-owned company EGAS refused to provide the company…
Egypt’s market gains LE4.1 bn on Thursday, EGX30 rises 1.8%
May 21, 2015
Egypt’s market gains LE4.1 bn on Thursday, EGX30 rises 1.8%
Egypt's market closed in the green zone on Thursday's session, as the benchmark EGX30 Index increased 1.83 percent reaching 8,988.03…
Egypt’s mobile subscribers rise 0.43% to 95.66 million in February
May 21, 2015
Egypt’s mobile subscribers rise 0.43% to 95.66 million in February
The number of mobile phone subscribers in Egypt rose on a monthly basis by 0.43 percent to 95.66 million in…
Agreement to export Egyptian citrus to China
May 21, 2015
Agreement to export Egyptian citrus to China
Egypt has signed an agreement with the Chinese CAWA to export Egyptian citrus to the Chinese market, according to a…