Business
IMF chief praises ‘rich tax’, 2 days after cancellation
March 12, 2015
IMF chief praises ‘rich tax’, 2 days after cancellation
Egypt’s state news agency MENA quoted International Monetary Fund chief, Christine Lagarde, in an interview published on Thursday, as praising…
EGX30 drops 1.37% on Wednesday
March 11, 2015
EGX30 drops 1.37% on Wednesday
Egypt's market main index EGX30 declined 1.37 percent to record 9576.46 points on total turnover of LE502 million, the Egyptian…
European ports set to lose LNG supply to Egypt this summer
March 11, 2015
European ports set to lose LNG supply to Egypt this summer
Europe is likely to attract fewer liquefied natural gas (LNG) shipments than previously expected this summer as Egypt gears up…
Chairman: Egyptian stock exchange expects 7-8 stock listings by mid-2015
March 11, 2015
Chairman: Egyptian stock exchange expects 7-8 stock listings by mid-2015
The chairman of the Egyptian stock exchange expects seven or eight companies to list on the bourse by mid-2015, he…
Mideast stocks: Saudi, Egypt slip; Orascom sold in Dubai, possibly for FX reasons
March 11, 2015
Mideast stocks: Saudi, Egypt slip; Orascom sold in Dubai, possibly for FX reasons
Saudi Arabia's stock market edged down in early trade on Wednesday, while Egypt pulled back broadly as the country was…
Egypt’s CIB eyeing Citigroup’s retail operations
March 11, 2015
Egypt’s CIB eyeing Citigroup’s retail operations
Egypt's Commercial International Bank (CIB) said on Wednesday Citigroup had opened its books for a due diligence process that could…
Egypt’s Eastern Co first company to seek land in Suez Canal project
March 11, 2015
Egypt’s Eastern Co first company to seek land in Suez Canal project
Egypt's top cigarette maker Eastern Co has requested 250 feddans (105 hectares) of land in a new industrial hub the…
Egypt’s Orascom Telecom net profit plummets 76.4% in 2014
March 11, 2015
Egypt’s Orascom Telecom net profit plummets 76.4% in 2014
Egypt's Orascom Telecom saw net profit plummet 76.4 percent in 2014 to LE263.9 million (US$34.6 million), down from LE1.12 billion…
Egypt’s annual core and urban inflation rates rise in February
March 10, 2015
Egypt’s annual core and urban inflation rates rise in February
Egypt's annual urban consumer inflation and core inflation both picked up in February after slowing the previous month, a possible…