Business

Egypt’s Pioneers approves $393 mln share issue

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

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

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%

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

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

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

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

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

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

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…
Back to top button