Business

Egypt’s market loses LE1.3 billion on Wednesday, EGX30 down 0.35 %

Egypt’s market loses LE1.3 billion on Wednesday, EGX30 down 0.35 %

Egypt's benchmark index EGX30 declined by 0.35 percent on Wednesday's session, reaching 8,896.68 points, and a turnover of LE528.4 million,…
Egyptian pound steady on official, black markets

Egyptian pound steady on official, black markets

Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Wednesday, while…
Egypt’s Oriental Weavers to issue dividend of 0.4 pounds per share

Egypt’s Oriental Weavers to issue dividend of 0.4 pounds per share

Egypt's Oriental Weavers , will pay a dividend of 0.4 Egyptian pounds ($0.05) a share, the world's biggest machine-woven carpet…
Egyptian businessmen plan joint investments with Chinese counterparts

Egyptian businessmen plan joint investments with Chinese counterparts

A delegation from the Egyptian Businessmen Association, headed by Ahmed Mounir Ezz Eddin, has visited the Chinese economic zone northwest…
Sources: Egypt’s Midor refinery seeks $400 million via IPO

Sources: Egypt’s Midor refinery seeks $400 million via IPO

 Egypt's state-owned Middle East Oil Refinery (Midor) seeks to raise $400 million with an initial public offering (IPO) in the…
Report: MENA IPO activity remains low

Report: MENA IPO activity remains low

The first quarter pf 2015 ended with little progress in stock market activity, as only one IPO from Orascom Construction…
Egypt’s market gains LE1.1 billion on Tuesday, EGX30 up 0.39 %

Egypt’s market gains LE1.1 billion on Tuesday, EGX30 up 0.39 %

Egypt's benchmark index EGX30 inched 0.39 percent up on Tuesday's session, reaching 8,927.53 points, and turnover of LE 508 million, according…
Tourism Ministry not to issue new licenses to agencies for another year

Tourism Ministry not to issue new licenses to agencies for another year

Mohamed Shaalan, head of the tourist agencies department said that the Tourism Ministry will not issue licenses for new tourist…
EFG Hermes named best Middle East broker

EFG Hermes named best Middle East broker

EFG Hermes Securities Brokerage has been named the best Middle East broker at EMEA Finance Middle East Banking Awards 2014,…
Egypt to import US$3.55 bn worth of LNG in 2015-2016

Egypt to import US$3.55 bn worth of LNG in 2015-2016

Egypt will import around US$3.55 billion worth of liquefied natural gas (LNG) in the 2015-2016 financial year, an official at…
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