Business
CBE dismisses rumors of amending dollar deposit cap
February 16, 2015
CBE dismisses rumors of amending dollar deposit cap
The Central Bank of Egypt’s (CBE) has denounced rumors that the Bank might amend the recent US$10,000 cap on dollar…
Oil steadies around $61, Kuwait sees prices supported
February 16, 2015
Oil steadies around $61, Kuwait sees prices supported
Oil steadied around $61 (£39.5) a barrel on Monday, holding gains from last week, after Kuwait's oil minister said lower…
Egypt’s Qalaa says seeking to raise $300 mln through divestments
February 16, 2015
Egypt’s Qalaa says seeking to raise $300 mln through divestments
Qalaa Holdings, one of Egypt's largest investment companies, is seeking to raise $300 million over the medium term through divestments,…
Lactalis subsidiary tops rival bid for Egypt’s Arab Dairy
February 15, 2015
Lactalis subsidiary tops rival bid for Egypt’s Arab Dairy
A subsidiary of Europe's biggest dairy group Lactalis has raised its offer for Egypt's Arab Dairy to 65.75 Egyptian pounds…
Egypt’s banks’ credit balances rose by 5.2% to LE30.4 bn during July/Nov 2014/15
February 15, 2015
Egypt’s banks’ credit balances rose by 5.2% to LE30.4 bn during July/Nov 2014/15
Egypt's banks’ credit balances rose by 5.2 percent reaching LE30.4 billion ($3.98 billion) during July/November 2014/2015 compared to LE27.9 billion ($3.66 billion)…
Egypt’s market gains LE2.52 billion on Sunday, EGX30 up 0.39%
February 15, 2015
Egypt’s market gains LE2.52 billion on Sunday, EGX30 up 0.39%
Egypt's market main index EGX30 inched up 0.39 percent Sunday's session recording 9,785.31 points with a relatively low market activity in…
CAPMAS: Trade balance deficit surges by 13.9% in November 2014
February 15, 2015
CAPMAS: Trade balance deficit surges by 13.9% in November 2014
Egypt's trade balance deficit increased by 13.9 percent in November 2014 reaching LE26.46 billion ($3.47 billion) compared to LE23.26 bn ($3.05 billion)…
Experts torn on Egypt’s drop to USD in trade exchanges with Russia
February 15, 2015
Experts torn on Egypt’s drop to USD in trade exchanges with Russia
The two-day visit of the Russian president Vladimir Putin to Egypt resulted in many pivotal outcomes, including dropping the use…
Gas import contract with Russia to be signed this month
February 15, 2015
Gas import contract with Russia to be signed this month
Petroleum Minister Sherif Ismail said the government will sign a contract to import 35 shipments of natural gas from Russia…
Egyptian pound steady for eighth straight dollar sale
February 15, 2015
Egyptian pound steady for eighth straight dollar sale
Egypt sold dollars at LE7.53 per dollar on Sunday, the eighth central bank auction this month, as the pound weakened…