Business
Amendments allow private sector partnerships as Arabtec contract nears signing
March 4, 2015
Amendments allow private sector partnerships as Arabtec contract nears signing
Egypt's Cabinet approved Wednesday an amendment to the New Urban Communities Authority’s (NUCA) law.
CI Capital to promote 3 government projects during the economic conference
March 4, 2015
CI Capital to promote 3 government projects during the economic conference
Mahmoud Attalla, vice chairman and CEO of CI Capital, the investment branch of the Commercial International Bank (CIB), said the…
Suez Canal achieves profits of LE25 bn in 7 months
March 4, 2015
Suez Canal achieves profits of LE25 bn in 7 months
The Suez Canal Authority has achieved revenues of LE25 billion (US$3,267,000,300) since the beginning of the current fiscal year starting…
Egypt’s market gains LE170 million on Tuesday, EGX30 inches up 0.2%
March 3, 2015
Egypt’s market gains LE170 million on Tuesday, EGX30 inches up 0.2%
Egypt's market Tuesday traded on the same levels of yesterday’s session, with EGX30 Index inched 0.2 percent up recording 9,475.27…
Egypt’s Pioneers approves $393 mln share issue
March 3, 2015
Egypt’s Pioneers approves $393 mln share issue
Pioneers Holding approved a capital increase of 3 billion Egyptian pounds ($393 million), the Egyptian financial services firm said on…
Minister denotes progress in investment dispute resolution
March 3, 2015
Minister denotes progress in investment dispute resolution
Investment Minister Ashraf Salman said that the government had made significant progress in resolving investment disputes, by ensuring that the…
Ericsson says Egypt needs more investments to enhance telecom services
March 2, 2015
Ericsson says Egypt needs more investments to enhance telecom services
A senior official at Ericsson has said that Egyptian telecommunication networks need development through additional investments to as to enhance…
Egypt’s market gains LE6.3 billion on Monday, EGX30 rises 1.9%
March 2, 2015
Egypt’s market gains LE6.3 billion on Monday, EGX30 rises 1.9%
Egypt's market rebounded on Monday's session, with EGX30 Index rose 1.86 percent recording 9,456.33 points on a total turnover of…
Ghabbour Auto’s net profits drop 28.9% in Q4 2014
March 2, 2015
Ghabbour Auto’s net profits drop 28.9% in Q4 2014
Ghabbour Auto said Monday that its net profits dropped 28.9 percent to LE32.1 million in 4Q2014 on the back of FX…
Ministry rejects proposals imposing fees on maize imports
March 2, 2015
Ministry rejects proposals imposing fees on maize imports
Official sources from the Agriculture Ministry said business circles have pressured Trade Minister Mounir Fakhry Abdel Nour to reject the…