Business
Egypt’s market loses LE300 million on Monday, while EGX30 inches up 0.21 %
March 23, 2015
Egypt’s market loses LE300 million on Monday, while EGX30 inches up 0.21 %
Egypt's market main index EGX30 inched up by 0.21 percent on Monday's session to record 9,374.12 points with a total…
Gold miner Centamin declares higher dividend, shares rise
March 23, 2015
Gold miner Centamin declares higher dividend, shares rise
Gold miner Centamin Plc reported a disappointing 29 percent fall in full-year core profit, but declared a higher-than-expected dividend which…
CEO: National Bank of Egypt to issue dollar bond by end of June
March 22, 2015
CEO: National Bank of Egypt to issue dollar bond by end of June
The National Bank of Egypt will issue a dollar-denominated bond on international debt markets by the end of June, in…
Finance Ministry: Concessions, toughened penalties in new customs law
March 22, 2015
Finance Ministry: Concessions, toughened penalties in new customs law
Finance Minister Hani Qadri Dimian has said that proposed amendments to the current customs law would involve concessions, as well…
Egyptian pound steady on official market, weaker on black market
March 22, 2015
Egyptian pound steady on official market, weaker on black market
Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Sunday,…
Egyptian industrial zone allocated for investors outside Addis Ababa
March 22, 2015
Egyptian industrial zone allocated for investors outside Addis Ababa
Trade and Industry Minister Mounir Fakhry Abdel Nour declared the allocation of an Egyptian industrial zone just outside Addis Ababa,…
Egypt’s market loses LE2.8bn in a week, EGX30 down 1.27%
March 21, 2015
Egypt’s market loses LE2.8bn in a week, EGX30 down 1.27%
Egypt's market main index EGX30 declined 1.27 percent in a week recording 9,518.28 points, the Egyptian Exchange data showed.Meanwhile, the EGX70…
Government tackles new licenses to establish cement factories
March 20, 2015
Government tackles new licenses to establish cement factories
Industrial Development Authority Chief Ismail Gaber announced they would pass the draft law on giving licenses to establish cement plants…
Cigarettes association: 95% decline in exports due to tax
March 20, 2015
Cigarettes association: 95% decline in exports due to tax
The Association of Cigarette Merchants in Cairo and Giza cite a 95 percent decrease in cigarette exports, compared to the…
Inbound tourism expected to decrease by 15% due to decision on obtaining visas prior to arrival
March 20, 2015
Inbound tourism expected to decrease by 15% due to decision on obtaining visas prior to arrival
Incoming tourists to Egypt are expected to decrease by 15 percent from losses expected to occur as result of suspending…