Business
Egypt’s central bank says sells $281 mln in interbank market
April 5, 2015
Egypt’s central bank says sells $281 mln in interbank market
Egypt's central bank said on Sunday it sold $281 million in the interbank market to meet outstanding demand for staple…
Egypt’s CIB board asks management to consider making offer for Citigroup retail ops
April 5, 2015
Egypt’s CIB board asks management to consider making offer for Citigroup retail ops
The board of Egypt's Commercial International Bank (CIB) said on Sunday it has asked its management to decide whether to…
Egypt’s stock market to close on April 12-13 for Easter, Sham El-Nessim
April 5, 2015
Egypt’s stock market to close on April 12-13 for Easter, Sham El-Nessim
Cairo's equity market will extend its coming weekend as the exchange shuts on April 12 and 13, marking the Eastern…
137 Egyptian companies invest US$2 billion in Ethiopia
April 5, 2015
137 Egyptian companies invest US$2 billion in Ethiopia
Egypt hopes to increase the vomune of trade with Ethiopia by 150 percent over the coming three years, as well…
Banking official: Exports of foreign cash reach US$3 billion monthly
April 5, 2015
Banking official: Exports of foreign cash reach US$3 billion monthly
Chairman of the Commercial International Bank Hesham Ezz al-Arab said the export of foreign currency bills have reached US$three billion…
EGX gains EGP 9.4 billion, shows mixed performance last week
April 4, 2015
EGX gains EGP 9.4 billion, shows mixed performance last week
The Egyptian Exchange closed last week with gains amounting to EGP 9.4 billion and its indexes showed mixed performance.The capital…
Minister bans importing of folkloric products to protect intellectual property rights
April 4, 2015
Minister bans importing of folkloric products to protect intellectual property rights
Trade and Industry Ministry Mounir Fakhry Abdel Nour has decided to ban the import of products of an artistic and…
Exchange companies demand higher rate of deposit
April 4, 2015
Exchange companies demand higher rate of deposit
Exchange firms are suffering from a shortage of US$100 bills as a result of the Central Bank of Egypt's (CBE)…
New oil discovery in Western Desert
April 4, 2015
New oil discovery in Western Desert
The General Petroleum Co. has made a new oil discovery in Abu Senan area in the Western Desert.A well was…
Housing Minister: 40% of waterworks in hot areas completed
April 3, 2015
Housing Minister: 40% of waterworks in hot areas completed
Housing Minister Mostafa Madbouli said that 40 percent of waterworks projects in hot areas suffering from water crises in summer…