Business
Negotiations start over importing petroleum from Kuwait, Saudi Arabia
February 8, 2015
Negotiations start over importing petroleum from Kuwait, Saudi Arabia
Egypt has started negotiations with Saudi Arabia and Kuwait over a supply of petroleum products requested to cover the country's…
GAFI Chairman: 195 new companies established in five days
February 7, 2015
GAFI Chairman: 195 new companies established in five days
Chairman of the General Authority for Investment (GAFI) Hassan Fahmi said that 195 companies were established on February 1-5 with…
IMF urges G20 to take action to unstick global growth
February 7, 2015
IMF urges G20 to take action to unstick global growth
nternational Monetary Fund chief Christine Lagarde on Friday urged the Group of 20 major economies to fulfill their pledges to…
Egypt’s market gains $1.7 bn in a week, EGX30 up 1.24%
February 6, 2015
Egypt’s market gains $1.7 bn in a week, EGX30 up 1.24%
Egypt's market main index EGX30 rose 1.24 percent in this week, Egyptian Exchange data showed.Meanwhile,the EGX70 index and the EGX70…
Oil up over 4 percent on Libya raid, China easing; volatility seen
February 6, 2015
Oil up over 4 percent on Libya raid, China easing; volatility seen
Crude prices closed up more than 4 percent on Thursday as rising violence in producer Libya and an expected boost…
Goldsmiths reduce weights to face recession
February 5, 2015
Goldsmiths reduce weights to face recession
Although gold prices fell in the past two weeks by LE12, it did not revive the market, which prompted goldsmiths…
Egypt’s market loses LE900 million on Thursday, EGX30 down 0.8%
February 5, 2015
Egypt’s market loses LE900 million on Thursday, EGX30 down 0.8%
Egypt's market main index EGX30 declined 0.80 percent during Thursday's session, recording 9,965.43 points and a turnover of LE 630.8…
Dubai Ports contract amendment yields US$750 mn
February 5, 2015
Dubai Ports contract amendment yields US$750 mn
Official sources at the Transport Ministry said the amendments introduced to the contract that was signed in 2008 with Dubai…
Egypt’s OCI says win arbitration against Golden Pyramids
February 5, 2015
Egypt’s OCI says win arbitration against Golden Pyramids
Egypt's Orascom Construction Industries (OCI) announced Thursday that a joint venture between its subsidiary, Orascom Construction Industries S.A.E.
UAE’s Dana Gas blames oil prices, Egypt charge for Q4 loss
February 5, 2015
UAE’s Dana Gas blames oil prices, Egypt charge for Q4 loss
Abu Dhabi-listed Dana Gas reported a fourth-quarter loss on Thursday that the company blamed on lower oil prices and a…