Business

Minister: Studies on Cyprus gas project to end mid-2015

Minister: Studies on Cyprus gas project to end mid-2015

Petroleum Minister Sherif Ismail said that his talks with Cypriot officials focused on the joint project to develop a natural…
Egypt’s market gains LE6.7 billion on Thursday, EGX30 surges 2.17%

Egypt’s market gains LE6.7 billion on Thursday, EGX30 surges 2.17%

Egypt's market continued to make gains on Thursday's session as the EGX30 increased by 2.17 percent, to reach 8,672.29 points…
Distribution of fuel smart cards to start 15 June

Distribution of fuel smart cards to start 15 June

E-finance Company, responsible for the fuel smart cards project, is planning to begin the delivery of the cards to citizens…
Egypt’s Suez Cement posts fall in Q1 net profit to $7.6 million

Egypt’s Suez Cement posts fall in Q1 net profit to $7.6 million

Suez Cement, Egypt's largest listed cement maker by market value, on Thursday reported a first-quarter net profit of LE58 million…
Owner: Faraeen channel to close on Saturday

Owner: Faraeen channel to close on Saturday

TV Professional Tawfiq Okasha said his TV channel that he owns Al-Faraeen will shut down on Saturday blaming the decision…
UPDATE: Egypt’s Qalaa Holdings posts $115 million year loss

UPDATE: Egypt’s Qalaa Holdings posts $115 million year loss

Qalaa Holdings, one of Egypt's largest investment firms, reported a full-year net loss of LE879.6 million ($115.3 million) on Thursday…
Egypt’s Mobinil sells unit stake to Eaton Towers subsidiary

Egypt’s Mobinil sells unit stake to Eaton Towers subsidiary

 Egypt's Mobinil said on Wednesday it had sold its stake in an Egyptian mobile tower services firm to a subsidiary…
Egypt’s market gains LE4.7 billion on Wednesday, EGX30 rises 1.9%

Egypt’s market gains LE4.7 billion on Wednesday, EGX30 rises 1.9%

Egypt's market closed in the green zone on Wednesday, after three consecutive sessions of losses, with the benchmark index EGX30…
CAPMAS: 4.4% increase in tourism in 2014

CAPMAS: 4.4% increase in tourism in 2014

The number of inbound tourists reached 9.9 million people in 2014, compared to 9.5 million people in 2013, marking an…
Egyptian pound steady at official market, weaker on black market

Egyptian pound steady at official market, weaker on black market

 Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Wednesday while…
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