Business
IMF: Egypt’s foreign reserves expected to reach $21.2bn in June 2016
February 15, 2015
IMF: Egypt’s foreign reserves expected to reach $21.2bn in June 2016
The IMF’s mission to Egypt projected that central bank of Egypt CBE’s foreign reserves reach US$21.2billion by the end of…
No trace of Russian ruble on Egyptian market
February 15, 2015
No trace of Russian ruble on Egyptian market
Despite Egypt and Russia's announcement that the two countries would depend on the Russian ruble in transactions between both countries, the…
WSJ: Apple plans to develop electric car
February 14, 2015
WSJ: Apple plans to develop electric car
US tech giant Apple is working in secret to create a company-branded electric vehicle, according to the Wall Street Journal.The…
Egypt’s market loses LE9.5bn in a week, EGX30 down 2.18%
February 14, 2015
Egypt’s market loses LE9.5bn in a week, EGX30 down 2.18%
Egypt's market main index EGX30 declined 2.18 percent in a week recording 9,747.36 points, the Egyptian Exchange data showed.Meanwhile, the…
Apache 2014 4Q production down from 2013, company says
February 12, 2015
Apache 2014 4Q production down from 2013, company says
The Apache Corporation has released its financial results for 2014 operations, with a statement by the company denoting a drop in…
Egypt’s market gains LE2.08 billion on Thursday, while EGX30 down 0.24%
February 12, 2015
Egypt’s market gains LE2.08 billion on Thursday, while EGX30 down 0.24%
Egypt's market main index EGX30 declined 0.24 percent Thursday's session recording 9,747.36 points and a turnover of LE 542million, the…
MoF: LE235.5 bn treasury bills issued in 3Q of 2014\15
February 12, 2015
MoF: LE235.5 bn treasury bills issued in 3Q of 2014\15
The Ministry of Finance issued treasury bills worth of LE235.5 billion during the third quarter of financial year 2014-2015 (January-March),…
Egyptian pound steady for seventh straight dollar sale
February 12, 2015
Egyptian pound steady for seventh straight dollar sale
Egypt sold dollars at 7.53 pounds per dollar on Thursday, the seventh central bank auction this month, as the pound…
CORRECTED: Emaar Misr formally requests Egypt bourse listing
February 11, 2015
CORRECTED: Emaar Misr formally requests Egypt bourse listing
Emaar Misr, the Egyptian arm of Dubai's largest listed real estate developer Emaar Properties , filed a formal request to…
Egypt’s market loses LE5.58 bn on Wednesday, EGX30 down 1.31%
February 11, 2015
Egypt’s market loses LE5.58 bn on Wednesday, EGX30 down 1.31%
Egypt's market main index EGX30 declined 1.31 percent Wednesday's session recording 9,770.78 points and a turnover of LE 592million, the…