Business

Egypt’s EFG Hermes returns to profit on investment bank expansion

Egypt’s EFG Hermes returns to profit on investment bank expansion

 Egypt's EFG Hermes turned a profit after tax and minority interests of 538 million Egyptian pounds ($70.51 million) in 2014…
Naguib Sawiris: Sawiris family plans LE5.2 billion investments in Egypt

Naguib Sawiris: Sawiris family plans LE5.2 billion investments in Egypt

Egyptian business tycoon and billionaire Naguib Sawiris said the Sawiris family are currently among the largest investors in the country,…
Egypt, Jordan discuss trilateral projects in petrol and natural gas with Iraq

Egypt, Jordan discuss trilateral projects in petrol and natural gas with Iraq

Egypt's petroleum minister said talks between Egyptian and Jordanian officials on Wednesday adressed building gas and oil pipelines connecting Egypt,…
Egypt’s market loses LE1.7bn on Wednesday, EGX30 drops 0.88 %

Egypt’s market loses LE1.7bn on Wednesday, EGX30 drops 0.88 %

Egypt's market main index EGX30 plunged 0.81 percent on Wednesday's session to record 9,484.08 points with a total turnover of…
Egyptian pound held steady by central bank but weakens on black market

Egyptian pound held steady by central bank but weakens on black market

 Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Wednesday, while…
2 monks injured in fight over Wadi al-Rayan monastery

2 monks injured in fight over Wadi al-Rayan monastery

Two monks were injured in a fight on Monday due to a disagreement over the Macarius Monastery in Wadi al-Rayan.  Some…
Critics: Canceling visas to individual tourists ‘catastrophic’

Critics: Canceling visas to individual tourists ‘catastrophic’

The Foreign Ministry's decision to cancel visas for individual tourists has raised controversy within the tourism industry which calls it…
UPDATE: Israel’s Tamar group to sell gas to Egypt via pipeline

UPDATE: Israel’s Tamar group to sell gas to Egypt via pipeline

A group of private customers in Egypt have agreed to buy at least $1.2 billion of natural gas from Israel's…
Egypt’s market gains LE1.65 bn on Tuesday, EGX30 up 0.34 %

Egypt’s market gains LE1.65 bn on Tuesday, EGX30 up 0.34 %

Egypt's market main index EGX30 inched 0.34 percent up on Tuesday's session to record 9,561.33 points with a total turnover…
Egypt, UNIDO sign US$6.5 million agreement to promote renewable energy sources and technologies

Egypt, UNIDO sign US$6.5 million agreement to promote renewable energy sources and technologies

Egypt and UNIDO have signed a cooperation agreement over a campaign to promote new and renewable energy sources in heating…
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