Business
Egypt’s Global Telecom says 2014 losses narrowed by 84 percent
February 25, 2015
Egypt’s Global Telecom says 2014 losses narrowed by 84 percent
Global Telecom, the Egypt-based group formerly called Orascom Telecom, reported a 2014 loss of LE3.2 billion ($419.40 million), the company…
Egypt’s market loses LE6.4 billion on Wednesday, EGX30 fall 1.5 %
February 25, 2015
Egypt’s market loses LE6.4 billion on Wednesday, EGX30 fall 1.5 %
Egypt's market main index EGX30 Wednesday plunged 1.48 percent to record 9,469.08 points and a total turnover of LE389million, the Egyptian Exchange…
World Bank plans gradual increase of funding for Egypt projects
February 25, 2015
World Bank plans gradual increase of funding for Egypt projects
The World Bank plans to gradually increase funding for its projects in Egypt during the next four years, Al-Borsa newspaper…
Orascom signs preliminary long-term lease contract of Lastavica Island in Montenegro
February 25, 2015
Orascom signs preliminary long-term lease contract of Lastavica Island in Montenegro
The Orascom Development Holding company announced in a statement on Wednesday the signing of a preliminary contract with the government of…
Egyptian pound steady at official auction, weaker on black market
February 25, 2015
Egyptian pound steady at official auction, weaker on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Wednesday but…
Minister: Highest tower in Egypt project to be put forward in March economic summit
February 25, 2015
Minister: Highest tower in Egypt project to be put forward in March economic summit
Housing, Utilities and Urban Communities Minister Mostafa Madbouly announced the second project that will be put forward to investors during…
Newspaper: Egypt’s ministry of finance to cooperate with private sector in three new projects
February 25, 2015
Newspaper: Egypt’s ministry of finance to cooperate with private sector in three new projects
Egypt's Central Unit of Public Private Partnership (PPP), in minister of finance, plans to add three new projects to the…
Russian wheat arriving in Egypt after export tax delays -trade
February 24, 2015
Russian wheat arriving in Egypt after export tax delays -trade
Russian wheat purchased by Egypt's state grain buyer is now arriving following delays in shipments in the run-up to Russia's imposition of…
African Bank to pump US$500 mn supporting Egypt-Africa trade
February 24, 2015
African Bank to pump US$500 mn supporting Egypt-Africa trade
The African Export-Import Bank will avail funds worth of US$500 million designed to facilitate trade between Egypt and other member…
Egypt’s market gains LE70 million on Tuesday, EGX30 inches up 0.11%
February 24, 2015
Egypt’s market gains LE70 million on Tuesday, EGX30 inches up 0.11%
Egypt's market main index EGX30 Tuesday's session gained a marginal 0.11% recording 9,611.66 points with a weak turnover of LE317million.