Business

Egypt’s Eastern Tobacco 9-month net profit up 19 %

Egypt’s Eastern Tobacco 9-month net profit up 19 %

 Egypt's top cigarette maker Eastern Co said on Sunday its nine-month net profit rose by 19.4 percent compared with the…
Private sector investments in 2015-2016 plan up to 70%

Private sector investments in 2015-2016 plan up to 70%

Nihal al-Megharbel, senior advisor to the planning minister, said the government is putting the final touches to the 2015-2016 social…
Egypt’s market loses $4 billion in week, EGX30 index drops 1.8%

Egypt’s market loses $4 billion in week, EGX30 index drops 1.8%

Egypt's stock market shares plunged by 4 billion this week, and all indexes were down, Egyptian Exchange data showed.The EGX30…
Oil prices edge down from 2015-highs, but set for weekly gain

Oil prices edge down from 2015-highs, but set for weekly gain

 Oil prices held steady on Friday near 2015-highs reached the session before, remaining on track for weekly gains after renewed…
Chairman:Egyptian state company to present major solar power project

Chairman:Egyptian state company to present major solar power project

A megaproject to generate 100 megawatts of energy using solar power in Upper Egypt's Aswan city will be put forth…
Egyptian pound steady at forex auction, eases on black market

Egyptian pound steady at forex auction, eases 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…
Egypt’s market gains LE3.5 billion on Thursday, EGX30 rises 1.18%

Egypt’s market gains LE3.5 billion on Thursday, EGX30 rises 1.18%

Egypt's market closed in the green zone on Thursday's session, with the benchmark index EGX30 increasing by 1.18 percent to…
LE1 bn from the treasury to buy first batch of Egyptian wheat

LE1 bn from the treasury to buy first batch of Egyptian wheat

Finance Minister Hani Qadri Demian has allocated LE10 billion for the government to buy domestically-grown wheat, with LE1 billion to…
Egyptian pound steady at forex auction, eases on black market

Egyptian pound steady at forex auction, eases on black market

Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Wednesday while…
Oil extends losses as Saudis halt Yemen strikes

Oil extends losses as Saudis halt Yemen strikes

Global oil prices fell on Wednesday after a Saudi-led coalition declared an end to four weeks of air strikes in…
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