Business
Sources: Egypt’s Qalaa Holdings approves LE1.7 bn capital hike
February 22, 2015
Sources: Egypt’s Qalaa Holdings approves LE1.7 bn capital hike
Qalaa Holdings, one of Egypt's largest investment companies, has approved a share swap with subsidiary companies that equates to a…
Al- Sisi discusses increasing investments of Italy’s giant Eni in Egypt
February 21, 2015
Al- Sisi discusses increasing investments of Italy’s giant Eni in Egypt
President Abdel Fattah Al Sisi met on Saturday with Chief Executive Officer (CEO) Claudio Descalzi of Italy's giant oil company…
CEO: Orascom Construction says Egypt share offer will be priced in Egyptian pounds
February 21, 2015
CEO: Orascom Construction says Egypt share offer will be priced in Egyptian pounds
Orascom Construction said on Saturday that its sale of new shares in Egypt would be priced in Egyptian pounds, CEO…
Egypt, Israel agree to double QIZ exports to US to $2 billion within 3 years
February 21, 2015
Egypt, Israel agree to double QIZ exports to US to $2 billion within 3 years
Egypt and Israel agreed to double duty-free textile exports to the United States to $2 billion within three years, according Israeli…
Egypt, Japan to set up wind farm in Gabel El Zeit
February 20, 2015
Egypt, Japan to set up wind farm in Gabel El Zeit
Egypt and Japan International Cooperation Agency (JICA) signed a contract on Thursday to set up a 200-megawatt wind farm in…
Egypt’s market losses LE14.8 billion in a week, EGX30 drops 2.73%
February 20, 2015
Egypt’s market losses LE14.8 billion in a week, EGX30 drops 2.73%
Egypt's market main index EGX30 incurred losses 2.73 percent in a week recording 9,481.20 points, the Egyptian Exchange data showed.Meanwhile,…
Egypt’s market losses LE5.49 billion on Wednesday, EGX30 down 0.59%
February 19, 2015
Egypt’s market losses LE5.49 billion on Wednesday, EGX30 down 0.59%
Egypt's market declined Thursday’s session, with the EGX30 Index down 0.59 percent to record 9,481.20 points on a weak turnover…
Steel factories may halt operations over dollar shortage
February 19, 2015
Steel factories may halt operations over dollar shortage
Several steel manufacturers have revealed that they might stop their productions within the next few days, citing bank’s inability to…
Railways authority losses LE260 million in January
February 19, 2015
Railways authority losses LE260 million in January
Losses of the Egyptian National Railways reached LE260 million (US$33 million) in January, according to Ahmed Hamed, chief of the…
Omar Effendi to start restructuring plan over losses, debts
February 19, 2015
Omar Effendi to start restructuring plan over losses, debts
Omar Effendi will start a restructuring plan Thursday by putting forward 32 branches to partnership with the private sector, while…