Business
1.8% increase in Suez Canal revenues in first quarter of 2015
April 28, 2015
1.8% increase in Suez Canal revenues in first quarter of 2015
The Suez Canal revenues have increased by 1.8 percent in the first quarter of 2015, to reach US$1.24 billion, according…
Egypt’s exports drop by 21.7% in first quarter
April 28, 2015
Egypt’s exports drop by 21.7% in first quarter
Minister of Trade and Industry Mounir Fakhri Abdel Nour said on Tuesday that Egypt's exports fell by 21.7 percent in…
Egyptian developer Palm Hills posts Q1 profit of LE215 million
April 28, 2015
Egyptian developer Palm Hills posts Q1 profit of LE215 million
Palm Hills reported a first-quarter net profit after minority interests of LE215 million ($28.2 million), up from 50 million in…
Russian trade delegation to visit Egypt in May
April 27, 2015
Russian trade delegation to visit Egypt in May
A Russian trade delegation is scheduled to visit Cairo in May 2015, to attend the Russian-Egyptian investment forum, aimed at…
EMC signs maintenance contract with Iraq’s Zubair oil field
April 27, 2015
EMC signs maintenance contract with Iraq’s Zubair oil field
A senior official in the Ministry of Petroleum said on Sunday, that the Egyptian Maintenance Company (EMC) has obtained a…
Egyptian pound steady at official market, stronger on black market
April 27, 2015
Egyptian pound steady at official market, stronger on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Monday while…
Egypt selects advisor for issuing US dollar-denominated bonds
April 27, 2015
Egypt selects advisor for issuing US dollar-denominated bonds
The Egyptian government hired Latham and Watkins, as well as Dechert, as legal advisors for the issuance of its planned…
Minister: LE11 billion to be allocated for state security pensions
April 27, 2015
Minister: LE11 billion to be allocated for state security pensions
Finance Minister Hani Qadri Dimian said LE11 billion will be allocated for social security pensions in the 2015-2016 state budget, covering…
Second increase in electricity prices to take place in July
April 27, 2015
Second increase in electricity prices to take place in July
The Electricity Ministry will apply new electricity prices for the 2015-2016 fiscal year in July. Prime Minister Ibrahim Mehleb issued a decision…
Egyptian Exchange to host ASEA’s Executive Committee meetings
April 26, 2015
Egyptian Exchange to host ASEA’s Executive Committee meetings
The African Stock Exchange Association (ASEA) has selected the Egyptian Exchange to host the association’s Executive Committee meetings, according to…