Business
Egypt’s market gains LE1.02 billion on Tuesday, EGX30 inches up 0.17 %
March 31, 2015
Egypt’s market gains LE1.02 billion on Tuesday, EGX30 inches up 0.17 %
Egypt's main stock market index EGX30 inched up by 0.17 percent on Tuesday's session, reaching the record 9,134.78 points with…
Egypt’s Edita says public offering 4.5 times oversubscribed
March 31, 2015
Egypt’s Edita says public offering 4.5 times oversubscribed
The public tranche of Egyptian foodmaker Edita's secondary share issue on the Cairo bourse was 4.5 times oversubscribed, the company…
Egypt to host signing of African free trade agreement in June
March 31, 2015
Egypt to host signing of African free trade agreement in June
Egypt is discussing with its African partners the preparations for the conference it will host for the signing of an…
Cancelled tax increases revenues by 20%
March 31, 2015
Cancelled tax increases revenues by 20%
New data coming from the Egyptian Tax Authority shows that a recently-cancelled tax had raised tax revenues by 20 percent. The…
Q and A: What is the COMESA?
March 31, 2015
Q and A: What is the COMESA?
With the kickoff of the 18th Common Market for Eastern and Southern Africa (COMESA) heads of state summit on Monday, Aswat…
Survey: Middle East funds moving to cash as risks rise but managers still clearly bullish on Egypt
March 31, 2015
Survey: Middle East funds moving to cash as risks rise but managers still clearly bullish on Egypt
Middle East fund managers may move further into cash as economic and geopolitical risks in the region rise, a monthly…
Petroleum Ministry signs project agreement to produce gasoline, butane gas
March 31, 2015
Petroleum Ministry signs project agreement to produce gasoline, butane gas
The Petroleum Ministry has signed a contract with the French company Axens, in order to establish an industrial complex producing…
Taxes on cigarettes to net LE31 billion this year
March 31, 2015
Taxes on cigarettes to net LE31 billion this year
The Cigarette Trade Association in Cairo and Giza has said that the state treasury will get LE31 billion instead of…
Egypt adds name to join China-backed AIIB investment bank
March 30, 2015
Egypt adds name to join China-backed AIIB investment bank
Egypt will apply to become of member of the Beijing-led Asian Infrastructure
Egypt’s CIB Bank to issue dividend of 1.2 pounds per share
March 30, 2015
Egypt’s CIB Bank to issue dividend of 1.2 pounds per share
Egypt's largest bank, Commercial International Bank (CIB), will distribute on April 2 a dividend of 1.2 Egyptian pounds ($0.16) a…