Business
Minister: NTRA will tackle reduction of internet prices
May 12, 2015
Minister: NTRA will tackle reduction of internet prices
The National Telecommunications Regulatory Authority (NTRA) will consider reducing Internet prices, Telecommunications Minister Khaled Negm said recently, indicating that bad…
Minister holds negotiations in France over financing Alexandria tramway, third metro line
May 12, 2015
Minister holds negotiations in France over financing Alexandria tramway, third metro line
Transportation Minister Hani Dahi said he is conducting negotiations with several financial institutions, aiming to obtain one billion euros in…
Egyptian pound steady at official auction, stronger on black market
May 12, 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 Tuesday, while…
Egypt’s GB Auto Q1 net profit falls to LE47.15mn
May 12, 2015
Egypt’s GB Auto Q1 net profit falls to LE47.15mn
Egyptian auto distributor GB Auto's first-quarter net profit fell to LE47.148 million ($6.18 million) from LE71.5 million a year ago,…
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,…