Business
Egypt’s Pioneers approves $393 mln share issue
March 3, 2015
Egypt’s Pioneers approves $393 mln share issue
Pioneers Holding approved a capital increase of 3 billion Egyptian pounds ($393 million), the Egyptian financial services firm said on…
Minister denotes progress in investment dispute resolution
March 3, 2015
Minister denotes progress in investment dispute resolution
Investment Minister Ashraf Salman said that the government had made significant progress in resolving investment disputes, by ensuring that the…
Ericsson says Egypt needs more investments to enhance telecom services
March 2, 2015
Ericsson says Egypt needs more investments to enhance telecom services
A senior official at Ericsson has said that Egyptian telecommunication networks need development through additional investments to as to enhance…
Egypt’s market gains LE6.3 billion on Monday, EGX30 rises 1.9%
March 2, 2015
Egypt’s market gains LE6.3 billion on Monday, EGX30 rises 1.9%
Egypt's market rebounded on Monday's session, with EGX30 Index rose 1.86 percent recording 9,456.33 points on a total turnover of…
Ghabbour Auto’s net profits drop 28.9% in Q4 2014
March 2, 2015
Ghabbour Auto’s net profits drop 28.9% in Q4 2014
Ghabbour Auto said Monday that its net profits dropped 28.9 percent to LE32.1 million in 4Q2014 on the back of FX…
Ministry rejects proposals imposing fees on maize imports
March 2, 2015
Ministry rejects proposals imposing fees on maize imports
Official sources from the Agriculture Ministry said business circles have pressured Trade Minister Mounir Fakhry Abdel Nour to reject the…
Egypt’s pound steady at official auction, stronger on black market
March 2, 2015
Egypt’s pound steady at official auction, stronger on black market
Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Monday,…
EFG Hermes holds annual MENA investment conference
March 2, 2015
EFG Hermes holds annual MENA investment conference
EFG Hermes, one of the Middle East’s largest investment banks, kicked off its annual One-on-One conference in Dubai on Monday, gathering…
Minister: Egypt to double FDI this fiscal year
March 2, 2015
Minister: Egypt to double FDI this fiscal year
Egypt expects to attract US$8 billion of foreign direct investment in the current fiscal year through June, up from $4…
Egypt’s Edita to list 30% of ordinary shares in secondary offering
March 2, 2015
Egypt’s Edita to list 30% of ordinary shares in secondary offering
Egyptian foodmaker Edita said on Monday it would put up to 30 percent of its ordinary shares on the Egyptian…