Business
Egypt’s market gains LE1.2 billion on Thursday, EGX30 rises 1.18 %
April 9, 2015
Egypt’s market gains LE1.2 billion on Thursday, EGX30 rises 1.18 %
Egypt's benchmark index EGX30 increased 1.18 percent on Thursday's session, reaching 8,892.53 points, with a weak turnover of LE 327.6…
Egyptian pound steady on official, black markets
April 9, 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…
Contractors association demand overhaul of real estate sector
April 9, 2015
Contractors association demand overhaul of real estate sector
Egyptian Contractors Association has urged an overhaul of laws regulating the real estate sector, in order to amend the public…
Egypt-based Sawari Ventures to close $50Mn fund to new investors by year-end
April 8, 2015
Egypt-based Sawari Ventures to close $50Mn fund to new investors by year-end
Egypt-based investment firm Sawari Ventures expects to close its recently launched $50 million fund to new investors before year-end, its…
Egypt tourism revenues more than double in first 8 months of 2014/15
April 8, 2015
Egypt tourism revenues more than double in first 8 months of 2014/15
Egypt's tourism revenue jumped by 113.6 percent to US$4.01 billion during July-February 2014/2015, compared to LE1.9 billion during July-February 2013/2014,…
Egypt’s market gains LE6 billion on Wednesday, EGX30 up 0.83%
April 8, 2015
Egypt’s market gains LE6 billion on Wednesday, EGX30 up 0.83%
Egypt's benchmark index EGX30 increased 0.83 percent on Wednesday's session, reaching 8,788.90 points and a LE 687.5 million turnover, according…
Egyptian pound steady on official, slightly weaker on black markets
April 8, 2015
Egyptian pound steady on official, slightly weaker on black markets
Egypt's central bank kept the pound steady at E7.53 to the dollar at a foreign exchange auction on Wednesday, while…
Shell offers 50 percent premium to buy BG for $70 billion
April 8, 2015
Shell offers 50 percent premium to buy BG for $70 billion
Royal Dutch Shell agreed to buy smaller rival BG Group for $70 billion (47 billion pound) in the first major…
Investor: 17 resorts shut down in Marsa Alam, Qusayr
April 8, 2015
Investor: 17 resorts shut down in Marsa Alam, Qusayr
Seventeen resorts in Marsa Alam and al-Qusayr, the Red Sea, out of 72 resorts have closed due to financial obstacles,…
Finance Ministry issues executive regulations of capital gain tax
April 8, 2015
Finance Ministry issues executive regulations of capital gain tax
Egypt’s Finance Ministry has approved a number of amendments to the executive regulations of the income-tax law to accommodate for…