Business
Fuel smart cards available across the country Friday
May 28, 2015
Fuel smart cards available across the country Friday
Fuel smart cards will be available for car owners across the republic starting Friday, the Finance Ministry said Thursday, noting…
Egypt’s market loses LE2.5 billion on Thursday, EGX30 down 0.6%
May 28, 2015
Egypt’s market loses LE2.5 billion on Thursday, EGX30 down 0.6%
Egypt's market closed on Thursday in the red zone for the third session in a row, as the benchmark EGX30…
Egyptian pound steady at official auction, on black market
May 28, 2015
Egyptian pound steady at official auction, on black market
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday, while…
EGX changes rules to benchmark index to encourage listings
May 28, 2015
EGX changes rules to benchmark index to encourage listings
Egypt's stock exchange said on Thursday it would reduce the free float required for new companies to list on its…
Internet price dispute behind removal of TE director
May 28, 2015
Internet price dispute behind removal of TE director
A disagreement over prices to be offered to other service providers for the use of Telecom Egypt’s internet infrastructure was behind…
Egypt’s market gains LE650 million on Wednesday, while EGX30 down 0.10%
May 27, 2015
Egypt’s market gains LE650 million on Wednesday, while EGX30 down 0.10%
Egypt's market had a mixed session on Wednesday, as the benchmark EGX30 index inched down 0.10 percent, while, the small…
Minister: We will not currently resume negotiations with IMF
May 27, 2015
Minister: We will not currently resume negotiations with IMF
International Cooperation Minister Nagla al-Ahwany said the government will not resume negotiations with the International Monetary Fund (IMF) at the…
Biscuit maker Bisco Misr approves delisting from Egyptian exchange
May 27, 2015
Biscuit maker Bisco Misr approves delisting from Egyptian exchange
The board of Egyptian biscuit maker Bisco Misr has approved a voluntary delisting from the Egyptian stock exchange as requested…
Vodafone Egypt contributes $1.2 million to WFP
May 27, 2015
Vodafone Egypt contributes $1.2 million to WFP
The United Nations World Food Programme (WFP) has welcomed a contribution by the Vodafone Egypt Foundation of US$1.2 million, from…
China to loan $1 billion for drainage projects in Egypt
May 27, 2015
China to loan $1 billion for drainage projects in Egypt
The Housing Minister attended the signing of a memorandum of understanding between the ministry and a Chinese firm to carry…