Business

Egypt’s market loses LE1.29 billion on Tuesday, EGX30 inches down 0.04%

Egypt’s market loses LE1.29 billion on Tuesday, EGX30 inches down 0.04%

Egypt's market main index EGX30  inched  0.04 percent down  to record 9709.5 points on total turnover of LE624 million, the…
Egypt cabinet reduces taxes on riches and corporations before EEDC

Egypt cabinet reduces taxes on riches and corporations before EEDC

The Egyptian government has approved a decision to unify corporate income taxes at a maximum of 22.5 percent, Finance Minister Hany…
CEO:Telecom Egypt to invest $450 mln in 2015

CEO:Telecom Egypt to invest $450 mln in 2015

elecom Egypt's chief executive officer said on Tuesday the fixed-line monopoly plans capital expenditure of 3.428 billion Egyptian pounds ($450…
EGX: Orascom Construction to start trading in Egypt on Weds

EGX: Orascom Construction to start trading in Egypt on Weds

Shares in Egypt's Orascom Construction (OC) will start trading on the Cairo stock market on Wednesday, the Egyptian Exchange said…
Telecom Egypt to spend more this year, mainly on fibre network

Telecom Egypt to spend more this year, mainly on fibre network

 Telecom Egypt plans to spend more than $400 million this year mainly on building a fibre network in the country…
Suez Canal corridor investment law to be adopted Wednesday

Suez Canal corridor investment law to be adopted Wednesday

Suez Canal Authority (SCA) Chairman Mohab Mamish said the government will approve the law on investment in the Suez Canal…
Dollar at 12-year peak on euro, emerging markets spooked

Dollar at 12-year peak on euro, emerging markets spooked

The US dollar scored multi-year highs against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for…
Egypt’s market gains LE1.44 billion on Monday, EGX30 rises 0.78%

Egypt’s market gains LE1.44 billion on Monday, EGX30 rises 0.78%

Egypt's market main index EGX30 on Monday  rose 0.78 percent  to record 9,713.61 points on total turnover of LEP589 million,…
Tourism minister dismissal hurts Egypt’s presence at ITB Berlin

Tourism minister dismissal hurts Egypt’s presence at ITB Berlin

Although indications pointed towards Egypt’s progress with regards to the number of tourists visiting the country, the dismissal of former…
CEO: Orascom Construction shares to start trading in Cairo by Wednesday

CEO: Orascom Construction shares to start trading in Cairo by Wednesday

Shares in Egypt's Orascom Construction (OC) will start trading on the Cairo stock market by Wednesday, the company's chief executive…
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