Business
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…
Egyptian pound steady at official auction, stronger on black market
May 21, 2015
Egyptian pound steady at official auction, stronger 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…
Kuwait’s Al Ahli Bank buying Piraeus Bank Egypt for $150 mn
May 21, 2015
Kuwait’s Al Ahli Bank buying Piraeus Bank Egypt for $150 mn
Kuwait's Al Ahli Bank will pay about US$150 million to acquire 98.5 percent of the Egyptian unit of Greece's Piraeus…
Housing Ministry to sign partnership with Mountain View and Sisban
May 21, 2015
Housing Ministry to sign partnership with Mountain View and Sisban
The Egyptian Housing Ministry is expected to finalize the contracts of two of the memoranda of understanding (MOU) signed during…
Egypt’s Juhayna to enter joint venture with Denmark’s Arla Foods
May 21, 2015
Egypt’s Juhayna to enter joint venture with Denmark’s Arla Foods
Juhayna Food Industries, one of Egypt's largest dairy product and juice makers, will form a joint venture with Denmark's Arla…
Egypt’s market loses LE2.4 bn on Wednesday, EGX30 down 0.6%
May 20, 2015
Egypt’s market loses LE2.4 bn on Wednesday, EGX30 down 0.6%
Egypt's market closed in the red zone during Wednesday's session, as the benchmark EGX30 Index went down 0.58 percent reaching…
Nine banks offer LE5.4 bn loan to finance monorail in Egypt
May 20, 2015
Nine banks offer LE5.4 bn loan to finance monorail in Egypt
A group of nine banks have offered to provide Egypt’s New Urban Communities Authority (NUCA) with a LE5.4 billion (US$700…