Business
Government nears compromise on gas arbitration lawsuits
February 18, 2015
Government nears compromise on gas arbitration lawsuits
The Cabinet has almost reached final compromise on the international arbitration lawsuits filed against Egypt due to previous decisions on…
Egypt’s Qalaa considers sale of food businesses, sees 2015 profit
February 18, 2015
Egypt’s Qalaa considers sale of food businesses, sees 2015 profit
Egypt's Qalaa Holdings has hired investment bank EFG Hermes to advise it on the possible sale of its food businesses,…
Half projects in Egypt March investment conference to be in energy sector
February 17, 2015
Half projects in Egypt March investment conference to be in energy sector
alf the projects Egypt will propose at a March investment summit will be in the energy sector, the minister of…
Egypt’s market loses LE6.51 billion on Tuesday, EGX30 down 1.6%
February 17, 2015
Egypt’s market loses LE6.51 billion on Tuesday, EGX30 down 1.6%
Egypt's market incurred losses on Tuesday for the second session in a row with the EGX30 closing down 1.59 percent…
Egypt’s strikes in Libya pose challenge to common investments
February 17, 2015
Egypt’s strikes in Libya pose challenge to common investments
Investors and financial players are split over the potential impact the Egyptian air raids on Islamic State camps in Libya…
Ezz Steel posts Q3 loss of LE285 million
February 17, 2015
Ezz Steel posts Q3 loss of LE285 million
Ezz Steel, Egypt's biggest steel maker, posted a third-quarter net loss on Tuesday that widened to LE285.38 million ($37.43 million)…
Former mufti Gomaa replaces Gendy as securities firm adviser
February 16, 2015
Former mufti Gomaa replaces Gendy as securities firm adviser
Egypt’s former Grand Mufti Ali Gomaa has replaced Islamic preacher Khaled al-Gendy as an adviser for AT. Brokerage firm, the…
Egypt imports 30 tons of raw gold a year
February 16, 2015
Egypt imports 30 tons of raw gold a year
Rafik Abbasy, chairman of the gold division of the Federation of Chambers of Commerce, said Egypt imports 30 tons of…
The fluctuating MENA oil prices weighed on the financial activity
February 16, 2015
The fluctuating MENA oil prices weighed on the financial activity
The tumbling oil prices have had a key impact on the MENA region’s financial activity, especially with the failing to…
Egypt’s market loses $1. 2 billion on Monday, EGX30 down 2.4%
February 16, 2015
Egypt’s market loses $1. 2 billion on Monday, EGX30 down 2.4%
Egypt's market incurred losses on Monday's session with the EGX30 closing down 2.04 percent to reach 9,585.92 points recording a…