Business
Egypt central bank says Thursday forex auction for sale of $300mn
May 7, 2015
Egypt central bank says Thursday forex auction for sale of $300mn
Egypt's central bank said its foreign exchange auction on Thursday would be for the sale of $300 milllion.The amount offered…
Govt to establish fund to help ailing factories
May 7, 2015
Govt to establish fund to help ailing factories
The presidency is considering establishing a fund of up to LE3 billion to help factories that are incurring loses, to which…
Egypt’s foreign reserves at $20.525bn at end-April
May 6, 2015
Egypt’s foreign reserves at $20.525bn at end-April
Egypt's foreign currency reserves rose to $20.525 billion at the end of April from $15.291 billion the previous month, the…
Egypt’s market loses LE1.6 billion on Wednesday, EGX30 down 0.82%
May 6, 2015
Egypt’s market loses LE1.6 billion on Wednesday, EGX30 down 0.82%
Egypt's market registered losses after a surge in the two previous sessions, as the EGX30 on Wednesday's session went down…
Industry Minister visits Rome to discuss re-operating navigational route
May 6, 2015
Industry Minister visits Rome to discuss re-operating navigational route
Trade and Industry Minister Mounir Fakhry abdel Nour began on Wednesday his three-day visit to Italy, aimed at reaching an…
CAPMAS: Inactive energy value reaches LE97.7 bn in 2013
May 6, 2015
CAPMAS: Inactive energy value reaches LE97.7 bn in 2013
The actual production of energy in Egypt reached LE550 billion in 2013, compared to LE535 billion in 2012, marking an…
CAPMAS: 10.6% increase in the number of tourists in March 2015
May 6, 2015
CAPMAS: 10.6% increase in the number of tourists in March 2015
834,600 tourists from all over the world arrived in Egypt during February 2015, compared to 754,700 tourists during March 2014,…
Egyptian pound steady on official, black markets
May 6, 2015
Egyptian pound steady on official, black markets
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Wednesday while…
Government to rent spinning factories to investors
May 6, 2015
Government to rent spinning factories to investors
The Cotton Spinning and Weaving Holding Company has adopted the policy of renting out faltering factories to develop them.
World Bank approves $500 mn loan for 1 million housing units
May 6, 2015
World Bank approves $500 mn loan for 1 million housing units
According to a statement issued by Housing Minister Mostafa Madbouly on Wednesday, the World Bank has approved a US$500 million…