Business
BP to pay some exploration costs for UAE’s Dana Gas in Egypt
June 2, 2015
BP to pay some exploration costs for UAE’s Dana Gas in Egypt
The United Arab Emirates' Dana Gas has signed an agreement for BP to pay for part of its exploration costs…
Egyptian banking sector’s loans grow 16% to LE675 bn in first 9 months of 2014/15
June 2, 2015
Egyptian banking sector’s loans grow 16% to LE675 bn in first 9 months of 2014/15
Egyptian banking sector loans grew at a rate of 15.6 percent, equivalent to LE91 billion during the first nine months…
Egypt’s Pioneers Holding buys cable factory for $37 mn
June 2, 2015
Egypt’s Pioneers Holding buys cable factory for $37 mn
A subsidiary of Egypt's Pioneers Holding has acquired a cable production factory in a deal worth LE286 million ($37 million),…
Oxfam: Corporations deprive Africa of $11 billion yearly in taxes
June 2, 2015
Oxfam: Corporations deprive Africa of $11 billion yearly in taxes
Multinational companies deprive African governments of $11 billion in taxes each year, and G7 world leaders should set up a…
Chairman: Egypt’s stock exchange to move to next-day settlement soon
June 1, 2015
Chairman: Egypt’s stock exchange to move to next-day settlement soon
Egypt's stock exchange will soon move to next-day settlement of trades, the bourse chairman said on Sunday, a move that…
Cabinet to restore government ownership of Nile Cotton Ginning Company
June 1, 2015
Cabinet to restore government ownership of Nile Cotton Ginning Company
According to a Cabinet decision, the Investment Ministry may begin restoring the government ownership of the Nile Cotton Ginning Company…
Egypt’s market loses LE1.2 billion on Monday, EGX30 down 0.43%
June 1, 2015
Egypt’s market loses LE1.2 billion on Monday, EGX30 down 0.43%
Egypt's stocked market closed with lower indexes for the fifth session in a row, as the benchmark EGX30 index on…
Egypt’s petroleum exports decline 38% in March
June 1, 2015
Egypt’s petroleum exports decline 38% in March
Petroleum exports declined by 38 percent in March compared to the same month in 204, reaching LE2.216 billion, according to…
Analysts: US economy veers toward recession
June 1, 2015
Analysts: US economy veers toward recession
The U.S. economy has veered towards recession in the first quarter, as a slew of negative economic data cast gloom…
PM, electricity minister inaugurate new electricity generation units in Assiut
June 1, 2015
PM, electricity minister inaugurate new electricity generation units in Assiut
Prime Minister Ibrahim Mehleb will open on Monday three new units at the Assiut power plant, each with a capacity…