Business
Stock market head: First quarter of 2015 worst since 2008 crisis
May 1, 2015
Stock market head: First quarter of 2015 worst since 2008 crisis
The first quarter of this year has been the worst since the 2008 economic crisis, said Chairman of the Egyptian…
EGX Chairman named head of ASEA capital markets standards committee
April 30, 2015
EGX Chairman named head of ASEA capital markets standards committee
The Executive Committee of the African Securities Exchanges Association (ASEA) has chosen Egyptian Exchange (EGX) Chairman Mohamed Omran to be…
Egyptian pound steady on official, black markets
April 30, 2015
Egyptian pound steady on official, black markets
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Thursday while…
Minister: Egypt aims to issue sukuk in early 2015/2016
April 30, 2015
Minister: Egypt aims to issue sukuk in early 2015/2016
Egypt's Finance Minister Hany Kadry Dimian said on Thursday he hoped to issue, at the very least, an ijara-structured sukuk…
Minister: Studies on Cyprus gas project to end mid-2015
April 30, 2015
Minister: Studies on Cyprus gas project to end mid-2015
Petroleum Minister Sherif Ismail said that his talks with Cypriot officials focused on the joint project to develop a natural…
Egypt’s market gains LE6.7 billion on Thursday, EGX30 surges 2.17%
April 30, 2015
Egypt’s market gains LE6.7 billion on Thursday, EGX30 surges 2.17%
Egypt's market continued to make gains on Thursday's session as the EGX30 increased by 2.17 percent, to reach 8,672.29 points…
Distribution of fuel smart cards to start 15 June
April 30, 2015
Distribution of fuel smart cards to start 15 June
E-finance Company, responsible for the fuel smart cards project, is planning to begin the delivery of the cards to citizens…
Egypt’s Suez Cement posts fall in Q1 net profit to $7.6 million
April 30, 2015
Egypt’s Suez Cement posts fall in Q1 net profit to $7.6 million
Suez Cement, Egypt's largest listed cement maker by market value, on Thursday reported a first-quarter net profit of LE58 million…
Owner: Faraeen channel to close on Saturday
April 30, 2015
Owner: Faraeen channel to close on Saturday
TV Professional Tawfiq Okasha said his TV channel that he owns Al-Faraeen will shut down on Saturday blaming the decision…
UPDATE: Egypt’s Qalaa Holdings posts $115 million year loss
April 30, 2015
UPDATE: Egypt’s Qalaa Holdings posts $115 million year loss
Qalaa Holdings, one of Egypt's largest investment firms, reported a full-year net loss of LE879.6 million ($115.3 million) on Thursday…