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Ezz Steel posts Q3 loss of LE285 million

Ezz Steel posts Q3 loss of LE285 million

 Ezz Steel, Egypt's biggest steel maker, posted a third-quarter net loss on Tuesday that widened to LE285.38 million ($37.43 million)…
Former mufti Gomaa replaces Gendy as securities firm adviser

Former mufti Gomaa replaces Gendy as securities firm adviser

Egypt’s former Grand Mufti Ali Gomaa has replaced Islamic preacher Khaled al-Gendy as an adviser for AT. Brokerage firm, the…
Egypt imports 30 tons of raw gold a year

Egypt imports 30 tons of raw gold a year

Rafik Abbasy, chairman of the gold division of the Federation of Chambers of Commerce, said Egypt imports 30 tons of…
The fluctuating MENA oil prices weighed on the financial activity

The fluctuating MENA oil prices weighed on the financial activity

The tumbling oil prices have had a key impact on the MENA region’s financial activity, especially with the failing to…
Egypt’s market loses $1. 2 billion on Monday, EGX30 down 2.4%

Egypt’s market loses $1. 2 billion on Monday, EGX30 down 2.4%

Egypt's market  incurred losses on Monday's session  with the EGX30 closing down 2.04 percent  to reach 9,585.92 points recording a…
Orascom to split construction, fertiliser units for separate listings

Orascom to split construction, fertiliser units for separate listings

Orascom Construction has started proceedings for the demerger of the company's units with its engineering and construction business to be…
Etisalat’s Egypt unit signs $120 mn loan

Etisalat’s Egypt unit signs $120 mn loan

Etisalat's Egyptian telecom subsidiary Etisalat Misr has signed a $120 million three-year loan with HSBC and National Bank of Abu…
Egyptian pound steady officially, strengthens on black market

Egyptian pound steady officially, strengthens on black market

Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Monday, but…
Egypt, Cyprus aim for gas import deal in 6 months

Egypt, Cyprus aim for gas import deal in 6 months

Egypt and Cyprus have signed a memorandum of understanding on energy cooperation and aim to reach a deal on Egyptian…
Govt considers borrowing in foreign currency

Govt considers borrowing in foreign currency

Prime Minister Ibrahim Mehleb has said the government is considering the issuance of investment certificates or bonds in US dollars…
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