Business
Egypt’s pound steady at official auction, stronger on black market
March 2, 2015
Egypt’s pound steady at official auction, stronger on black market
Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Monday,…
EFG Hermes holds annual MENA investment conference
March 2, 2015
EFG Hermes holds annual MENA investment conference
EFG Hermes, one of the Middle East’s largest investment banks, kicked off its annual One-on-One conference in Dubai on Monday, gathering…
Minister: Egypt to double FDI this fiscal year
March 2, 2015
Minister: Egypt to double FDI this fiscal year
Egypt expects to attract US$8 billion of foreign direct investment in the current fiscal year through June, up from $4…
Egypt’s Edita to list 30% of ordinary shares in secondary offering
March 2, 2015
Egypt’s Edita to list 30% of ordinary shares in secondary offering
Egyptian foodmaker Edita said on Monday it would put up to 30 percent of its ordinary shares on the Egyptian…
CEO: EFG Hermes eyes Egypt renewables investments, leasing business
March 2, 2015
CEO: EFG Hermes eyes Egypt renewables investments, leasing business
Egyptian investment bank EFG Hermes is studying investments in renewable energy and hopes to start a leasing business in its…
C bank governor :Egypt to keep using interbank market “in coming period”
March 1, 2015
C bank governor :Egypt to keep using interbank market “in coming period”
Egypt's central bank will continue using the interbank market "in the coming period" alongside regular dollar auctions, the bank's governor…
Egypt’s central bank sells $420 mln in interbank marke
March 1, 2015
Egypt’s central bank sells $420 mln in interbank marke
Egypt's central bank said on Sunday it sold US$420 million in the interbank market, after a regularly-scheduled dollar auction did…
Egypt’s market losses LE2.9 billion on Sunday , EGX30 drops 0.54%
March 1, 2015
Egypt’s market losses LE2.9 billion on Sunday , EGX30 drops 0.54%
Egypt's market main index EGX30 Sunday decreased 0.54 percent to record 9,283.59 points and a weak turnover of LE345million, the…
Egypt demands reactivation of US export customs exemption
March 1, 2015
Egypt demands reactivation of US export customs exemption
Egypt has demanded the reactivation of a customs exemption system for its exports to the United States.
Egypt equities lose LE15.6 billion in February
February 28, 2015
Egypt equities lose LE15.6 billion in February
Egypt's market main index EGX30 incurred losses 5.2 percent in February, and market capital lost LE15.6 billion ( US$2.04 billion)…