Business
Egypt’s stocks slip as sugar protectionism may hurt food makers
April 19, 2015
Egypt’s stocks slip as sugar protectionism may hurt food makers
Egypt's main stock index slipped in early trade on Sunday, partly because of Juhayna Food Industries, which may face higher…
Egypt’s GASC buys 300,000 tonnes wheat
April 18, 2015
Egypt’s GASC buys 300,000 tonnes wheat
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Saturday it had bought 300,000 tonnes of…
22 shipments of diesel oil to be imported for electricity sector
April 18, 2015
22 shipments of diesel oil to be imported for electricity sector
Egyptian General Petroleum Corporation (EGPC) revealed on Friday a bid to import four shipments of diesel oil (768,000 tons), in…
Egypt’s market gains $50 million in week, while all indexes down
April 17, 2015
Egypt’s market gains $50 million in week, while all indexes down
Egypt's market gained US$50 million this week, while all indexes were down, Egyptian Exchange data showed.The EGX30 index, the EGX70…
Orascom Construction CEO bullish on Egypt, wants more reforms
April 17, 2015
Orascom Construction CEO bullish on Egypt, wants more reforms
Orascom Construction is bullish about growth opportunities in Egypt but wants the government to make clear commitments to further economic…
Egypt’s market gains LE570 million on Thursday, while EGX30 down 0.11 %
April 16, 2015
Egypt’s market gains LE570 million on Thursday, while EGX30 down 0.11 %
Egypt's benchmark index EGX30 down 0.11 percent on Thursday's session, reaching 8,888.21points, and a turnover of LE436.2 million, according to…
Minister: No increase in energy prices in July
April 16, 2015
Minister: No increase in energy prices in July
The Cabinet has decided to postpone the hike in energy prices, scheduled for July, due to the worldwide decline in…
Sudan buys Sawiris stake in Ariab Mining Company for $100mn
April 16, 2015
Sudan buys Sawiris stake in Ariab Mining Company for $100mn
Sudan has taken full ownership of Ariab Mining Company after purchasing a 44 percent stake from Egyptian billionaire Naguib Sawiris…
Egypt signs MOUs with Kuwaiti company for $1.6 bln in energy projects
April 15, 2015
Egypt signs MOUs with Kuwaiti company for $1.6 bln in energy projects
Egypt has signed preliminary deals with Kuwait's Alghanim International for two energy-related projects worth a total of $1.6 billion, its…
Sinai companies allowed to trade in stock market without prior clearance
April 15, 2015
Sinai companies allowed to trade in stock market without prior clearance
The Administrative Court has ruled on the the right for companies established in Sinai, or with assets based in the…