Business
EMC signs maintenance contract with Iraq’s Zubair oil field
April 27, 2015
EMC signs maintenance contract with Iraq’s Zubair oil field
A senior official in the Ministry of Petroleum said on Sunday, that the Egyptian Maintenance Company (EMC) has obtained a…
Egyptian pound steady at official market, stronger on black market
April 27, 2015
Egyptian pound steady at official market, stronger on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Monday while…
Egypt selects advisor for issuing US dollar-denominated bonds
April 27, 2015
Egypt selects advisor for issuing US dollar-denominated bonds
The Egyptian government hired Latham and Watkins, as well as Dechert, as legal advisors for the issuance of its planned…
Minister: LE11 billion to be allocated for state security pensions
April 27, 2015
Minister: LE11 billion to be allocated for state security pensions
Finance Minister Hani Qadri Dimian said LE11 billion will be allocated for social security pensions in the 2015-2016 state budget, covering…
Second increase in electricity prices to take place in July
April 27, 2015
Second increase in electricity prices to take place in July
The Electricity Ministry will apply new electricity prices for the 2015-2016 fiscal year in July. Prime Minister Ibrahim Mehleb issued a decision…
Egyptian Exchange to host ASEA’s Executive Committee meetings
April 26, 2015
Egyptian Exchange to host ASEA’s Executive Committee meetings
The African Stock Exchange Association (ASEA) has selected the Egyptian Exchange to host the association’s Executive Committee meetings, according to…
Egypt’s market loses LE3.6 billion on Sunday, EGX30 falls 1.12%
April 26, 2015
Egypt’s market loses LE3.6 billion on Sunday, EGX30 falls 1.12%
Egypt's market closed in the red zone on Sunday's session, with the benchmark index EGX30 falling by 1.12 percent to…
Egyptian pound steady at official market, stronger on black market
April 26, 2015
Egyptian pound steady at official market, stronger on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Sunday while…
Government may return LE 589 million to Saudi Omar Effendi investor
April 26, 2015
Government may return LE 589 million to Saudi Omar Effendi investor
Ezzat Mahmoud, head of Omar Effendi, a company whose privatization has been nullified by a court decision, said that Investment…
Islamic reinsurance moves to displace use of conventional finance
April 26, 2015
Islamic reinsurance moves to displace use of conventional finance
Islamic reinsurance (retakaful) is getting a face-lift because of new entrants and a widening market for sharia-compliant insurance products, helping…