Business
Egyptian pound steady on official market, slightly weaker on black
May 7, 2015
Egyptian pound steady on official market, slightly weaker on black
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday where…
Egypt’s market gains LE460 million on Thursday, while EGX30 down 0.16%
May 7, 2015
Egypt’s market gains LE460 million on Thursday, while EGX30 down 0.16%
Egypt's market closed in the red zone on Thursday, as the EGX30 went down by 0.16 percent, reaching 8,742.42 points,…
Report: Egypt has issued 54 million pounds in coins in 10 months
May 7, 2015
Report: Egypt has issued 54 million pounds in coins in 10 months
Abdel Hamid Lotfy, head of the Egyptian Mint Authority, said the government has issued 54 million pounds in coins from…
Egypt central bank says Thursday forex auction for sale of $300mn
May 7, 2015
Egypt central bank says Thursday forex auction for sale of $300mn
Egypt's central bank said its foreign exchange auction on Thursday would be for the sale of $300 milllion.The amount offered…
Govt to establish fund to help ailing factories
May 7, 2015
Govt to establish fund to help ailing factories
The presidency is considering establishing a fund of up to LE3 billion to help factories that are incurring loses, to which…
Egypt’s foreign reserves at $20.525bn at end-April
May 6, 2015
Egypt’s foreign reserves at $20.525bn at end-April
Egypt's foreign currency reserves rose to $20.525 billion at the end of April from $15.291 billion the previous month, the…
Egypt’s market loses LE1.6 billion on Wednesday, EGX30 down 0.82%
May 6, 2015
Egypt’s market loses LE1.6 billion on Wednesday, EGX30 down 0.82%
Egypt's market registered losses after a surge in the two previous sessions, as the EGX30 on Wednesday's session went down…
Industry Minister visits Rome to discuss re-operating navigational route
May 6, 2015
Industry Minister visits Rome to discuss re-operating navigational route
Trade and Industry Minister Mounir Fakhry abdel Nour began on Wednesday his three-day visit to Italy, aimed at reaching an…
CAPMAS: Inactive energy value reaches LE97.7 bn in 2013
May 6, 2015
CAPMAS: Inactive energy value reaches LE97.7 bn in 2013
The actual production of energy in Egypt reached LE550 billion in 2013, compared to LE535 billion in 2012, marking an…