Business
Minister: Foreign investment in Egypt will reach about $2 bn in second quarter
January 11, 2015
Minister: Foreign investment in Egypt will reach about $2 bn in second quarter
Foreign investment in Egypt will reach about $2 billion in the second quarter of the fiscal year, up from $1.8 billion dollars…
Egypt’s market loses LE2.35 billion on Sunday, EGX30 down 0.41 %
January 11, 2015
Egypt’s market loses LE2.35 billion on Sunday, EGX30 down 0.41 %
Egypt's market declined Sunday's session with EGX30 closing 0.41% down recording 8,909.75 points and a turnover of LE203million.Meanwhile, the EGX70…
Egyptian pound steady in official market, stronger on black market
January 11, 2015
Egyptian pound steady in official market, stronger on black market
The Egyptian pound was unchanged at a central bank dollar sale on Sunday and slightly stronger on the black market.The…
Egypt receives multi-national investment offers for grain project
January 10, 2015
Egypt receives multi-national investment offers for grain project
Egypt has been offered Russian, Spanish and Italian investments for the international grains hub it seeks to establish in Damietta. Minister…
Italy’s Eni signs new concession agreement in Egypt
January 9, 2015
Italy’s Eni signs new concession agreement in Egypt
Eni an Italian multinational oil and gas company said on friday it signed a new concession agreement to operate in…
Circle Oil receives $15 mln payment from Egyptian government
January 9, 2015
Circle Oil receives $15 mln payment from Egyptian government
Oil and gas explorer Circle Oil said on Friday it had received a $15 million payment from the Egyptian government…
Egypt says to issue $950 mln 1-year Treasury bill
January 8, 2015
Egypt says to issue $950 mln 1-year Treasury bill
Egypt plans to issue a $950 million 1-year Treasury bill next week, the central bank said on Thursday.It said the…
Former Minister: Foreign oil firms slashed budget over crude price drop
January 8, 2015
Former Minister: Foreign oil firms slashed budget over crude price drop
Foreign oil companies have slashed their budgets for 2015 by 30 percent, driven by declining world petroleum rates, former petroleum…
Egypt’s market gains LE5 billion on Thursday, EGX30 up 1.68 %
January 8, 2015
Egypt’s market gains LE5 billion on Thursday, EGX30 up 1.68 %
Egypt's market rebounded Thursday's session with EGX30 closing 1.68% up recording 8,946.34 points and a turnover of LE525million on the…
Bid deadline for Egypt’s Arab Dairy extended to Jan. 22
January 8, 2015
Bid deadline for Egypt’s Arab Dairy extended to Jan. 22
Egypt's regulator has extended to Jan. 22 the deadline for bids to acquire Arab Dairy, after Pioneers Holdings raised its…