Business
Cement prices stable in March
February 26, 2015
Cement prices stable in March
Cement companies and factories have announced that their maximum prices will remain stable through March for the third month in…
Sawiris to purchase majority of Euronews channel shares
February 26, 2015
Sawiris to purchase majority of Euronews channel shares
Egyptian business tycoon Naguib Sawiris is acquiring the majority of shares of the international news channel Euronews, according to the…
UAE’s Etisalat Q4 profit surges but misses forecasts
February 26, 2015
UAE’s Etisalat Q4 profit surges but misses forecasts
Abu Dhabi-listed Etisalat posted a 47 percent jump in fourth-quarter profit on Thursday as its purchase of a majority stake…
World art sales hit $15.2 billion in 2014
February 26, 2015
World art sales hit $15.2 billion in 2014
Global art sales set a fresh record in 2014 driven by acquisitions from new museums, while China maintained its place…
Egyptian central bank seen keeping rates steady
February 25, 2015
Egyptian central bank seen keeping rates steady
Egypt's central bank is expected to leave interest rates unchanged at a monetary policy meeting on Thursday in order to…
Egypt’s Global Telecom says 2014 losses narrowed by 84 percent
February 25, 2015
Egypt’s Global Telecom says 2014 losses narrowed by 84 percent
Global Telecom, the Egypt-based group formerly called Orascom Telecom, reported a 2014 loss of LE3.2 billion ($419.40 million), the company…
Egypt’s market loses LE6.4 billion on Wednesday, EGX30 fall 1.5 %
February 25, 2015
Egypt’s market loses LE6.4 billion on Wednesday, EGX30 fall 1.5 %
Egypt's market main index EGX30 Wednesday plunged 1.48 percent to record 9,469.08 points and a total turnover of LE389million, the Egyptian Exchange…
World Bank plans gradual increase of funding for Egypt projects
February 25, 2015
World Bank plans gradual increase of funding for Egypt projects
The World Bank plans to gradually increase funding for its projects in Egypt during the next four years, Al-Borsa newspaper…
Orascom signs preliminary long-term lease contract of Lastavica Island in Montenegro
February 25, 2015
Orascom signs preliminary long-term lease contract of Lastavica Island in Montenegro
The Orascom Development Holding company announced in a statement on Wednesday the signing of a preliminary contract with the government of…
Egyptian pound steady at official auction, weaker on black market
February 25, 2015
Egyptian pound steady at official auction, weaker on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Wednesday but…