Business
Egypt’s market loses LE3.6 billion on Sunday, EGX30 falls 1.12%
April 26, 2015
Egypt’s market loses LE3.6 billion on Sunday, EGX30 falls 1.12%
Egypt's market closed in the red zone on Sunday's session, with the benchmark index EGX30 falling by 1.12 percent to…
Egyptian pound steady at official market, stronger on black market
April 26, 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 Sunday while…
Government may return LE 589 million to Saudi Omar Effendi investor
April 26, 2015
Government may return LE 589 million to Saudi Omar Effendi investor
Ezzat Mahmoud, head of Omar Effendi, a company whose privatization has been nullified by a court decision, said that Investment…
Islamic reinsurance moves to displace use of conventional finance
April 26, 2015
Islamic reinsurance moves to displace use of conventional finance
Islamic reinsurance (retakaful) is getting a face-lift because of new entrants and a widening market for sharia-compliant insurance products, helping…
Egypt’s Eastern Tobacco 9-month net profit up 19 %
April 26, 2015
Egypt’s Eastern Tobacco 9-month net profit up 19 %
Egypt's top cigarette maker Eastern Co said on Sunday its nine-month net profit rose by 19.4 percent compared with the…
Private sector investments in 2015-2016 plan up to 70%
April 24, 2015
Private sector investments in 2015-2016 plan up to 70%
Nihal al-Megharbel, senior advisor to the planning minister, said the government is putting the final touches to the 2015-2016 social…
Egypt’s market loses $4 billion in week, EGX30 index drops 1.8%
April 24, 2015
Egypt’s market loses $4 billion in week, EGX30 index drops 1.8%
Egypt's stock market shares plunged by 4 billion this week, and all indexes were down, Egyptian Exchange data showed.The EGX30…
Oil prices edge down from 2015-highs, but set for weekly gain
April 24, 2015
Oil prices edge down from 2015-highs, but set for weekly gain
Oil prices held steady on Friday near 2015-highs reached the session before, remaining on track for weekly gains after renewed…
Chairman:Egyptian state company to present major solar power project
April 23, 2015
Chairman:Egyptian state company to present major solar power project
A megaproject to generate 100 megawatts of energy using solar power in Upper Egypt's Aswan city will be put forth…
Egyptian pound steady at forex auction, eases on black market
April 23, 2015
Egyptian pound steady at forex auction, eases on black market
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday while…