Business
Egypt’s EFG Hermes returns to profit on investment bank expansion
March 19, 2015
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
March 19, 2015
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
March 18, 2015
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 %
March 18, 2015
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
March 18, 2015
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
March 18, 2015
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’
March 18, 2015
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
March 18, 2015
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 %
March 17, 2015
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
March 17, 2015
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…