Business
Egyptian pound steady in official and black markets
February 19, 2015
Egyptian pound steady in official and black markets
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday and…
Orascom Construction to raise up to $241 mln in Egypt share offer
February 19, 2015
Orascom Construction to raise up to $241 mln in Egypt share offer
Engineering and building giant Orascom Construction plans to raise as much as $241 million in a sale of new shares…
EDBE, CHD banks excluded from maximum wage rate decision
February 19, 2015
EDBE, CHD banks excluded from maximum wage rate decision
The Administrative Court of the State Council annulled Wednesday the maximum wage rate decision issued by the prime minister for…
Egypt’s GASC cancels tender to buy US wheat due to high prices
February 18, 2015
Egypt’s GASC cancels tender to buy US wheat due to high prices
Egypt's state grain buyer has canceled a tender to buy U.S. origin wheat for arrival on April 10-20, it said…
Egypt’s stock exchange approves CIB $300 million capital increase
February 18, 2015
Egypt’s stock exchange approves CIB $300 million capital increase
Egypt's stock exchange said on Wednesday it had approved a request by Commercial International Bank (CIB) to raise its capital…
Exchange bureaus transfer foreign currency abroad to evade CBE pressure
February 18, 2015
Exchange bureaus transfer foreign currency abroad to evade CBE pressure
After the Central Bank of Egypt stifled exchange bureaus by setting a maximum of US$50,000 for dollar deposits in banks,…
Egypt’s market gains LE3.9 billion on Wednesday, EGX30 rises 1.1%
February 18, 2015
Egypt’s market gains LE3.9 billion on Wednesday, EGX30 rises 1.1%
Egypt's market improved Wednesday’s session pushed by foreign and Arab institutions buying appetites that recorded net flows of LE57.16 million…
Triumphant Egypt return to bond market risks ultra-tight pricing
February 18, 2015
Triumphant Egypt return to bond market risks ultra-tight pricing
Egypt's return to the international debt market after a five-year gap is set to attract heavy demand - so heavy…
Egyptian pound steady at both official and black market exchange rates
February 18, 2015
Egyptian pound steady at both official and black market exchange rates
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Wednesday and…
Tax authority declares 2015 fees on car license renewal
February 18, 2015
Tax authority declares 2015 fees on car license renewal
The Egyptian tax Authority has set fees for car license renewals based on the capacity of engines for the year…