Business
Well-funded Jet.com may be ecommerce game-changer
May 17, 2015
Well-funded Jet.com may be ecommerce game-changer
Jet.com has yet to launch its online retail site to the public, but has already drawn attention as a would-be…
Egypt’s SODIC doubles first-quarter profit
May 17, 2015
Egypt’s SODIC doubles first-quarter profit
Egypt's third-largest listed property developer SODIC reported first-quarter net profit of LE79.31 million ($10.39 million), nearly double the 40.33 million…
Banque Misr supports cash transfers using cell phone number
May 17, 2015
Banque Misr supports cash transfers using cell phone number
Banque Misr has announced a new cash transfer facility that relies on cell phone numbers, boasting the new service’s simplicity…
Egypt’s Oriental Weavers posts slight fall in first-quarter profit
May 17, 2015
Egypt’s Oriental Weavers posts slight fall in first-quarter profit
Egypt's Oriental Weavers reported first-quarter net profit of LE152.68 million ($20.01 million) in a statement to the Cairo bourse on…
WB approves $5-bn loan to Egypt over 4 years
May 16, 2015
WB approves $5-bn loan to Egypt over 4 years
The World Bank approved increasing the volume of financing to Egypt within the four coming years up to US$5 billion,…
Finance minister welcomes S&P’s upgrading of Egypt’s outlook to ‘positive’
May 15, 2015
Finance minister welcomes S&P’s upgrading of Egypt’s outlook to ‘positive’
Egypt's finance minister welcomed on Friday a revision of ratings provider Standard and Poor's outlook on Egypt from "stable" to…
Egypt’s market loses 19.4 bn in one week, EGX30 falls 5%
May 15, 2015
Egypt’s market loses 19.4 bn in one week, EGX30 falls 5%
Egypt's market dropped sharply this week after MSCI's decision to exclude Telecom Egypt from its emerging markets index on Tuesday. The…
Sisi opens upgraded Armed Forces factories
May 14, 2015
Sisi opens upgraded Armed Forces factories
President Abdel Fattah Al-Sisi opened on Thursday a number of upgraded Armed Forces factories for top-notch cars, armored vehicles and…
Waly urges US businessmen to join march of change in Egypt
May 14, 2015
Waly urges US businessmen to join march of change in Egypt
Social Solidarity Minister Ghada Waly urged US businessmen to join the march of change in Egypt in view of the…
Egyptian pound steady at official auction, stronger on black market
May 14, 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…