Business

Egypt’s CIB eyeing Citigroup’s retail operations

Egypt’s CIB eyeing Citigroup’s retail operations

Egypt's Commercial International Bank (CIB) said on Wednesday Citigroup had opened its books for a due diligence process that could…
Egypt’s Eastern Co first company to seek land in Suez Canal project

Egypt’s Eastern Co first company to seek land in Suez Canal project

Egypt's top cigarette maker Eastern Co has requested 250 feddans (105 hectares) of land in a new industrial hub the…
Egypt cancels 5% wealth tax ahead of EEDC

Egypt cancels 5% wealth tax ahead of EEDC

                         Egypt is cancelling a 5 percent tax on…
Egypt’s Orascom Telecom net profit plummets 76.4% in 2014

Egypt’s Orascom Telecom net profit plummets 76.4% in 2014

Egypt's Orascom Telecom saw net profit plummet 76.4 percent in 2014 to LE263.9 million (US$34.6 million), down from LE1.12 billion…
Egypt’s annual core and urban inflation rates rise in February

Egypt’s annual core and urban inflation rates rise in February

Egypt's annual urban consumer inflation and core inflation both picked up in February after slowing the previous month, a possible…
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…
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