Business
Minister: Government targets increasing coal investments up to US$30 billion
May 12, 2015
Minister: Government targets increasing coal investments up to US$30 billion
Government plans to increase its investment in the coal sector to up to US$30 billion in five years, according to…
Expert: Egyptian government benefits from biting housing crisis
May 11, 2015
Expert: Egyptian government benefits from biting housing crisis
The Egyptian government, being the country’s largest landowner, is benefitting from the housing crisis, characterized by housing prices going beyond…
Egypt issues $1.302 bn in dollar-denominated t-bills at avg yield of 2.643%
May 11, 2015
Egypt issues $1.302 bn in dollar-denominated t-bills at avg yield of 2.643%
Egypt's central bank sold $1.302 billion in one-year, dollar-denominated treasury bills at an average yield of 2.643 percent at its…
Egypt’s market ends flat on Monday
May 11, 2015
Egypt’s market ends flat on Monday
Egypt's benchmark index ended Monday's session flat, recording 8,691.85 points, with a turnover of LE434 million, according to the data…
Egypt’s Amer Group jumps in Q1 profit
May 11, 2015
Egypt’s Amer Group jumps in Q1 profit
Amer Group's first-quarter net profit jumped to LE16.4 million (US$2.1 million) from LE2 million a year earlier, the Egyptian real…
Ministry on alert amid price hike speculations before Ramadan
May 11, 2015
Ministry on alert amid price hike speculations before Ramadan
The Supply Ministry has said it is ready to confront widely-speculated price hikes during the holy fasting month of Ramadan,…
Housing Ministry, AFESD ink LE1.2bn loan deal
May 10, 2015
Housing Ministry, AFESD ink LE1.2bn loan deal
Housing Minister Mostafa Madboly said that the ministry has finalized a loan deal with the Arab Fund for Economic and…
Egypt’s market loses LE2.2 billion on Sunday, EGX30 down 0.58%
May 10, 2015
Egypt’s market loses LE2.2 billion on Sunday, EGX30 down 0.58%
Egypt's market closed in the red zone on Sunday's session, as the EGX30 went down by 0.58 percent, reaching 8,692.00…
Finance Ministry: No one will get subsidized fuel without smart cards
May 10, 2015
Finance Ministry: No one will get subsidized fuel without smart cards
Deputy Finance Minister Amr Badawy said no gasoline will be disbursed at a subsidized price without the use of smart…
Government negotiations on compromise for Tanta Flax Company crisis
May 10, 2015
Government negotiations on compromise for Tanta Flax Company crisis
Chemical Industries Holding Company (CIHC), a business sector company, started a new round of negotiations with Saudi investor Abdellah al-Kahky…