Business
Egypt’s market gains LE3.1 billion on Sunday, EGX30 Index inches up 0.06%
December 28, 2014
Egypt’s market gains LE3.1 billion on Sunday, EGX30 Index inches up 0.06%
Egyptian shares inched up in Sunday's session with EGX30 closing 0.06% up recording 8,745.16 points and a turnover of LE412million.The…
Egyptian pound steady on official and unofficial markets
December 28, 2014
Egyptian pound steady on official and unofficial markets
The Egyptian pound held steady at a central bank dollar sale on Sunday and on the black market.The bank offered…
Importers complain about 500% increase in import reference prices
December 28, 2014
Importers complain about 500% increase in import reference prices
The customs authority's decision to increase reference prices of imported goods is facing backlash from importers, who say the increase…
Source: IMF urges central bank to unify currency exchange rates
December 28, 2014
Source: IMF urges central bank to unify currency exchange rates
The International Monetary Fund has urged the Central Bank of Egypt to unify currency exchange rates at banks and exchange…
Bisco Misr takeover bid deadline extended until Jan. 11
December 28, 2014
Bisco Misr takeover bid deadline extended until Jan. 11
Egypt's financial regulator has extended until Jan. 11 the bidding period for Bisco Misr , the subject of a takeover…
Arab Dairy takeover bid deadline extended until Jan. 15
December 28, 2014
Arab Dairy takeover bid deadline extended until Jan. 15
Egypt's financial regulator has extended until Jan. 15 the deadline for bids to acquire Arab Dairy, which is at the…
Egypt-China business council to launch investments in Egypt worth $250mn
December 27, 2014
Egypt-China business council to launch investments in Egypt worth $250mn
The Egyptian Chinese Business Council signed four agreements at a total cost of US$250 million in engineering, metal, petrochemical, electrical…
Egypt says deal to import 120,000 T Russian wheat in Jan to be met
December 26, 2014
Egypt says deal to import 120,000 T Russian wheat in Jan to be met
Russian officials have assured Egypt that deals to import 120,000 tonnes of wheat for delivery in January will be met,…
Saudi Arabia says aid to Egypt unaffected by oil price decline
December 26, 2014
Saudi Arabia says aid to Egypt unaffected by oil price decline
A recent sharp decline in international petroleum prices will not affect Saudi financial support to Egypt, senior Saudi cabinet official…
Unified investment law draft stirs govt divisions
December 26, 2014
Unified investment law draft stirs govt divisions
Some ministries are voicing reservations on a draft law that the government says will facilitate investment-related procedures, a government source…