Business
Egyptian pound steady at official auction, stronger on black market
February 23, 2015
Egyptian pound steady at official auction, stronger on black market
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Monday. A…
Chemical industries exports decline by 31% in January
February 23, 2015
Chemical industries exports decline by 31% in January
Several exporters have criticized the government, accusing it of ignoring the troubling issues in the industry sector and of putting…
OTMT sells stake in Mobinil to Orange
February 23, 2015
OTMT sells stake in Mobinil to Orange
Orange, formerly France Telecom, and Orascom Telecom Media and Technology Holding (OTMT) have declared reaching agreement on selling total shares…
Study: Egypt to be among 32 largest economies
February 23, 2015
Study: Egypt to be among 32 largest economies
Egypt is projected to become one of the 32 largest economies in the next 35 years, joining a list of…
Bill on Suez Economic Zone to be reviewed by Cabinet next week
February 23, 2015
Bill on Suez Economic Zone to be reviewed by Cabinet next week
Hani Sarrey Eddin, legal advisor to the Suez Canal Development Project, said the amended law on economic zones is the…
Regulator: Egypt’s Pioneers Holdings still interested in Arab Dairy bid
February 22, 2015
Regulator: Egypt’s Pioneers Holdings still interested in Arab Dairy bid
Egyptian financial firm Pioneers Holdings is still interested in bidding for Arab Dairy, the country's regulator said on Sunday, after…
EU to declare 120-mn-euro grants to Egypt during March summit
February 22, 2015
EU to declare 120-mn-euro grants to Egypt during March summit
The European Union will declare grants for Egypt worth of 120 million euros during its participation in Egypt Economic Development…
Egypt’s market losses LE 2.2 billion on Sunday, while EGX30 inches up 0.14%
February 22, 2015
Egypt’s market losses LE 2.2 billion on Sunday, while EGX30 inches up 0.14%
Egypt's market Sunday is still moving within the same range of last week on low volumes as investors appear less…
Libyan dinar exchange rate falls back to LE3.40
February 22, 2015
Libyan dinar exchange rate falls back to LE3.40
The Libyan dinar exchange rate declined on the Egyptian domestic market, since the start of the Egyptian air strikes on…
Saudi investor demands LE1 bn compensation from Egyptian govt
February 22, 2015
Saudi investor demands LE1 bn compensation from Egyptian govt
The Saudi investor Abdallah al-Kaaky, owner of NUBASEED in Egypt, estimated his losses as a result of returning Tanta Flax…