Business
Exchange companies demand higher rate of deposit
April 4, 2015
Exchange companies demand higher rate of deposit
Exchange firms are suffering from a shortage of US$100 bills as a result of the Central Bank of Egypt's (CBE)…
New oil discovery in Western Desert
April 4, 2015
New oil discovery in Western Desert
The General Petroleum Co. has made a new oil discovery in Abu Senan area in the Western Desert.A well was…
Housing Minister: 40% of waterworks in hot areas completed
April 3, 2015
Housing Minister: 40% of waterworks in hot areas completed
Housing Minister Mostafa Madbouli said that 40 percent of waterworks projects in hot areas suffering from water crises in summer…
Egyptian pound steady on official , stronger on black market
April 2, 2015
Egyptian pound steady on official , stronger on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Thursday, and…
Egypt’s benchmark index drops by 2.28 % on Thursday
April 2, 2015
Egypt’s benchmark index drops by 2.28 % on Thursday
Egypt's market Incurred heavy losses on Thursday's session, with benchmark index EGX30 dropped 2.28 percent reaching the record 8,891.73 points and…
Minister: 1 million Indian tourists initiative unsuccessful due to insufficient flights
April 2, 2015
Minister: 1 million Indian tourists initiative unsuccessful due to insufficient flights
According to Tourism Minister Khaled Ramy, Egypt received 60,459 Indian tourists in 2014. In January and February 2015, 19.6 percent…
Supply minister discusses jewelry manufacturing in Egypt
April 2, 2015
Supply minister discusses jewelry manufacturing in Egypt
The Minister of Supply and Internal Trade Khaled Hanafi announced the ministry's intention to study the issues thwarting the development…
Gulf stocks rise after oil’s rally; Arabtec up on Egypt report
April 2, 2015
Gulf stocks rise after oil’s rally; Arabtec up on Egypt report
Most Gulf STOCK MARKETS
Egypt’s market gains LE1.5 billion on Wednesday, while all indexes down
April 1, 2015
Egypt’s market gains LE1.5 billion on Wednesday, while all indexes down
Egypt's main stock market index EGX30 declined 0.39 percent on Wednesday's session, reaching the record 9,099.33 points with a LE1.1…
Official: Egypt considers 12-22% custom cuts on imported yarn
April 1, 2015
Official: Egypt considers 12-22% custom cuts on imported yarn
Egypt is considering cuts to custom fees on yarn and raw fibers imports ranging between 12 and 22 percent, a…