Business
Cigarettes association: 95% decline in exports due to tax
March 20, 2015
Cigarettes association: 95% decline in exports due to tax
The Association of Cigarette Merchants in Cairo and Giza cite a 95 percent decrease in cigarette exports, compared to the…
Inbound tourism expected to decrease by 15% due to decision on obtaining visas prior to arrival
March 20, 2015
Inbound tourism expected to decrease by 15% due to decision on obtaining visas prior to arrival
Incoming tourists to Egypt are expected to decrease by 15 percent from losses expected to occur as result of suspending…
Sources: National Bank of Egypt in talks for dollar bond issue
March 19, 2015
Sources: National Bank of Egypt in talks for dollar bond issue
National Bank of Egypt (NBE), the oldest commercial lender in the North African country, has invited banks to pitch for…
Egyptian pound steady on official market, stronger on black market
March 19, 2015
Egyptian pound steady on official market, stronger on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Thursday, while…
Egypt’s market loses LE2.8bn on Thursday, while EGX30 inches up 0.36 %
March 19, 2015
Egypt’s market loses LE2.8bn on Thursday, while EGX30 inches up 0.36 %
Egypt's market main index EGX30 inched up by 0.36 percent on Thursday's session to record 9,518.28 points with a total…
Egyptian fertiliser business MOPCO seeks Cairo listing
March 19, 2015
Egyptian fertiliser business MOPCO seeks Cairo listing
Egypt's state-owned Misr Fertilizers Production Company (MOPCO) has applied for a listing on the Cairo stock exchange with capital of…
Interview: Presidential economic adviser optimistic after conference
March 19, 2015
Interview: Presidential economic adviser optimistic after conference
Presidential Economic Adviser Mohamed al-Erian said that he felt optimistic after the economic conference, adding that the challenges President Abdel…
UPDATE: Egypt’s current account hits deficit of $2.9 bln in Oct-Dec quarter
March 19, 2015
UPDATE: Egypt’s current account hits deficit of $2.9 bln in Oct-Dec quarter
Egypt's current account deficit widened to $2.9 billion in the three months to December from $1.4 billion in the same…
Egypt’s EFG Hermes returns to profit on investment bank expansion
March 19, 2015
Egypt’s EFG Hermes returns to profit on investment bank expansion
Egypt's EFG Hermes turned a profit after tax and minority interests of 538 million Egyptian pounds ($70.51 million) in 2014…
Naguib Sawiris: Sawiris family plans LE5.2 billion investments in Egypt
March 19, 2015
Naguib Sawiris: Sawiris family plans LE5.2 billion investments in Egypt
Egyptian business tycoon and billionaire Naguib Sawiris said the Sawiris family are currently among the largest investors in the country,…