Business
Egypt might set LE20.000 ceiling for non-bank cash exchange
February 4, 2015
Egypt might set LE20.000 ceiling for non-bank cash exchange
The government is considering a ceiling of LE20.000 for cash exchanges outside banks, purportedly to reduce economic and security risks,…
Egypt public debt increases 15.9 % to LE 1.995trillion at end of Sep 2014
February 4, 2015
Egypt public debt increases 15.9 % to LE 1.995trillion at end of Sep 2014
Egypt's total government debt (domestic and external) increased by 15.9 percent to LE 1.995 trillion about 86 percent of GDP…
Egypt negotiates US$500 mn to boost exports to Africa
February 4, 2015
Egypt negotiates US$500 mn to boost exports to Africa
Egypt is negotiating with an African bank for a loan that it hopes would boost its exports to countries of…
Communications Minister says ready for Economic Summit with large projects
February 4, 2015
Communications Minister says ready for Economic Summit with large projects
In an interview with Al-Masry Al-Youm, Communications Minister Atef Helmy said the ministry is offering many investment opportunities at the Economic…
Arab-Norwegian parties agree to form chamber of commerce
February 4, 2015
Arab-Norwegian parties agree to form chamber of commerce
The Arab Union for Human Resources Development (UHRDA) signed on Wednesday a agreement with Majesty, a Norwegian company, for cooperation…
Egypt claims success in March economic summit arrangements
February 4, 2015
Egypt claims success in March economic summit arrangements
Egyptian Prime Minister Ibrahim Mehleb has announced that his government has made a considerable progress in preparing for a major…
Egypt’s Qalaa sells 80 pct stake in investment bank Pharos
February 3, 2015
Egypt’s Qalaa sells 80 pct stake in investment bank Pharos
Qalaa Holdings, one of Egypt's largest investment companies, has signed a deal to sell its 80 percent stake in investment…
Authority highlights international interest in microfinance draft law
February 3, 2015
Authority highlights international interest in microfinance draft law
Egypt’s monetary officials have discussed a recent law regulating microfinance with financial aid officials from the world’s major industrial countries…
EGX30 rises 1,26 percent on Tuesday
February 3, 2015
EGX30 rises 1,26 percent on Tuesday
Egypt's market main index EGX30 rose 1,26 percent on Tuesday's session recording 9,954.34 points and a turnover of LE 1.01…
North Korea 3G subscribers surge, good news for Sawiris-owned operator
February 3, 2015
North Korea 3G subscribers surge, good news for Sawiris-owned operator
Subscribers to 3G services in North Korea has reached more than 2.5 million in 2015, bringing good news to the…