Business
CAPMAS: 10.6% increase in the number of tourists in March 2015
May 6, 2015
CAPMAS: 10.6% increase in the number of tourists in March 2015
834,600 tourists from all over the world arrived in Egypt during February 2015, compared to 754,700 tourists during March 2014,…
Egyptian pound steady on official, black markets
May 6, 2015
Egyptian pound steady on official, black markets
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Wednesday while…
Government to rent spinning factories to investors
May 6, 2015
Government to rent spinning factories to investors
The Cotton Spinning and Weaving Holding Company has adopted the policy of renting out faltering factories to develop them.
World Bank approves $500 mn loan for 1 million housing units
May 6, 2015
World Bank approves $500 mn loan for 1 million housing units
According to a statement issued by Housing Minister Mostafa Madbouly on Wednesday, the World Bank has approved a US$500 million…
Sky? Skype? EU court backs Murdoch over Microsoft in name battle
May 6, 2015
Sky? Skype? EU court backs Murdoch over Microsoft in name battle
In a clash of corporate titans over naming rights in a fast-changing industry, Microsoft and its Skype phone service came…
Prof of Economics Galal Amin at AUC: Govt has no real development plan
May 5, 2015
Prof of Economics Galal Amin at AUC: Govt has no real development plan
Contradicting current economic theories, Galal Amin, professor of economics at the American University in Cairo, spoke in an interview with…
Newspaper: 8 banks offer LE10bn loan to Egyptian Electricity Company
May 5, 2015
Newspaper: 8 banks offer LE10bn loan to Egyptian Electricity Company
A group of 8 banks have offered to provide the Egyptian Electricity Holding Company (EEHC) with a LE10bn loan, aimed…
Egypt’s market gains LE6.7 billion on Tuesday, EGX30 rises 2.04%
May 5, 2015
Egypt’s market gains LE6.7 billion on Tuesday, EGX30 rises 2.04%
Egypt's market boosted its gains for the second day in a row, as the EGX30 on Tuesday's session rose by…
Tourism expert: Developing duty free shops important
May 5, 2015
Tourism expert: Developing duty free shops important
Atef Abdel Latif, tourism expert and member of the Marsa Alam and South Sinai investors associations, has stressed the need…
Egypt’s GB Auto says shareholders take up $125.8 mn cash call
May 5, 2015
Egypt’s GB Auto says shareholders take up $125.8 mn cash call
Shareholders in Egypt's GB Auto have subscribed to almost all of its LE960 million ($125.82 million) rights issue as the…