Business
Egypt’s SODIC says 2014 net profit LE154.3 million
March 5, 2015
Egypt’s SODIC says 2014 net profit LE154.3 million
SODIC, Egypt's third-largest listed property developer, said it made a net profit of 154.3 million Egyptian pounds ($20.2 million) in…
Egypt’s pound steady on official auction, slightly weaker on black market
March 4, 2015
Egypt’s pound steady on official auction, slightly weaker on black market
Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Wednesday,…
Qatar eyes 7% growth in 2015 despite oil price slump
March 4, 2015
Qatar eyes 7% growth in 2015 despite oil price slump
Qatar's economy is predicted to grow by seven percent in 2015, as it forges ahead with huge infrastructure investment despite…
Egypt’s market gains LE730 mn on Wednesday, while all indexes down
March 4, 2015
Egypt’s market gains LE730 mn on Wednesday, while all indexes down
Egypt's market Wednesday traded on the same levels For the third session in a row, with EGX30 Index inched 0.15…
Natural gas to be provided to 850,000 housing units this year
March 4, 2015
Natural gas to be provided to 850,000 housing units this year
Gamal Hegazy, vice-chairman of the Egyptian Natural Gas Holding Company (EGAS), said the government will provide natural gas to around…
Orascom Construction offers 11 pct of shares in $185 mln IPO
March 4, 2015
Orascom Construction offers 11 pct of shares in $185 mln IPO
Orascom Construction plans to offer 11 percent of its shares on the Cairo bourse to raise 1.41 billion Egyptian pounds…
Amendments allow private sector partnerships as Arabtec contract nears signing
March 4, 2015
Amendments allow private sector partnerships as Arabtec contract nears signing
Egypt's Cabinet approved Wednesday an amendment to the New Urban Communities Authority’s (NUCA) law.
CI Capital to promote 3 government projects during the economic conference
March 4, 2015
CI Capital to promote 3 government projects during the economic conference
Mahmoud Attalla, vice chairman and CEO of CI Capital, the investment branch of the Commercial International Bank (CIB), said the…
Suez Canal achieves profits of LE25 bn in 7 months
March 4, 2015
Suez Canal achieves profits of LE25 bn in 7 months
The Suez Canal Authority has achieved revenues of LE25 billion (US$3,267,000,300) since the beginning of the current fiscal year starting…
Egypt’s market gains LE170 million on Tuesday, EGX30 inches up 0.2%
March 3, 2015
Egypt’s market gains LE170 million on Tuesday, EGX30 inches up 0.2%
Egypt's market Tuesday traded on the same levels of yesterday’s session, with EGX30 Index inched 0.2 percent up recording 9,475.27…