Business
Sawiris-owned enterprise gets first microfinance license
February 9, 2015
Sawiris-owned enterprise gets first microfinance license
Microfinance lender Reefy has declared it obtained the first license from the Egyptian Financial Supervisory Authority for carrying out microfinancing…
Egyptian rice exporters say tariff is too high
February 9, 2015
Egyptian rice exporters say tariff is too high
Four months after Egypt approved plans for allowing the sale abroad of its medium-grain rice, exporters complain government regulations, namely…
Egypt’s SODIC says plans about LE2.3 bn in investments in 2015
February 9, 2015
Egypt’s SODIC says plans about LE2.3 bn in investments in 2015
SODIC, Egypt's third-largest listed property group, plans about LE2.3 billion ($301.64 million) in new investments in 2015, it said in…
Minister: Unified investment law to be issued by end of February
February 8, 2015
Minister: Unified investment law to be issued by end of February
In an effort to encourage investments in Egypt and tear down bureaucratic red tape, Investment Minister Ashraf Salman said the Unified…
UN: Egypt Exchange a model for inter-market communication
February 8, 2015
UN: Egypt Exchange a model for inter-market communication
A United Nations committee has selected Egypt's stock market as a reference model for communication between stock exchanges, praising Egypt’s…
Egypt’s market loses LE2.7 billion on Sunday, EGX30 down 0.08%
February 8, 2015
Egypt’s market loses LE2.7 billion on Sunday, EGX30 down 0.08%
Egypt's market main index EGX30 inched down 0,08 percent Sunday's session recording 9,957.93 points and a turnover of LE 450million,…
Egyptian pound steady for fourth sale, stronger on black market
February 8, 2015
Egyptian pound steady for fourth sale, stronger on black market
Egypt's pound sold at LE 7.53 per dollar for the fourth central bank auction in a row on Sunday, steadying…
Blasts prevent corporations from taking part in Cairo furniture fair
February 8, 2015
Blasts prevent corporations from taking part in Cairo furniture fair
Several corporations have excused themselves for not attending Furnex international trade fair which is held annually in Egypt due to…
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…