Business
Egyptian pound steady on official market
March 12, 2015
Egyptian pound steady on official market
Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Thursday.The…
Egypt’s dollar shortage squeezes private wheat importers
March 12, 2015
Egypt’s dollar shortage squeezes private wheat importers
Egypt's currency market reforms are inflicting a heavy toll on many private sector wheat traders struggling to secure shipments for…
Egypt’s market loses LE1.3bn on Thursday, while EGX30 up 0.67%
March 12, 2015
Egypt’s market loses LE1.3bn on Thursday, while EGX30 up 0.67%
Egypt's market main index EGX30 on Thursday closed up 0.67precent to record 9,640.7 points with a total turnover of LE567…
EFG Hermes predicts a US$6-8 bn funding gap in 2015-2017
March 12, 2015
EFG Hermes predicts a US$6-8 bn funding gap in 2015-2017
One of the leading investment banks in the Arab World has predicted Egypt’s funding gap to hover between US$6-8 billion…
EFG Hermes says recent tax changes will boost the economy
March 12, 2015
EFG Hermes says recent tax changes will boost the economy
EFG Hermes, one of the leading investment banks in the Middle East has lauded the recent tax reforms adopted by…
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…