Business
Egypt’s CIB eyeing Citigroup’s retail operations
March 11, 2015
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
March 11, 2015
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’s Orascom Telecom net profit plummets 76.4% in 2014
March 11, 2015
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
March 10, 2015
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%
March 10, 2015
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
March 10, 2015
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
March 10, 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
March 10, 2015
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
March 10, 2015
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…