Business
OTMT appoints new deputy CEO
January 19, 2015
OTMT appoints new deputy CEO
Orascom Telecom Media and Technology Holding declared on Sunday the appointment of Tamer al-Mahdy as the deputy CEO and chief…
Drop of Russian Ruble hammers Egyptian tourism
January 19, 2015
Drop of Russian Ruble hammers Egyptian tourism
The Tourism Ministry decided last Thursday to exempt the Russian tourists from paying the US$25 Egyptian visa in order to promote…
Egypt’s market loses LE1.54 billion on Sunday, EGX30 inches down 0. 26%
January 18, 2015
Egypt’s market loses LE1.54 billion on Sunday, EGX30 inches down 0. 26%
Egypt's market inched down 0.26 percent on Sunday's session 9,530.92 points on a weak turnover of LE392million., dealer said.Meanwhile, the…
Egypt finishes first meeting with African ministers over unified WTO stances
January 18, 2015
Egypt finishes first meeting with African ministers over unified WTO stances
Egypt wrapped up on Sunday a first meeting with a number of African trade ministers over talks related to unifying…
UPDATE2: Egyptian pound hits historic low as country courts investors
January 18, 2015
UPDATE2: Egyptian pound hits historic low as country courts investors
The central bank let the Egyptian pound depreciate for the first time in six months on Sunday, in what analysts…
CEO: Dubai’s Mashreq interested in Citigroup’s Egypt retail business
January 18, 2015
CEO: Dubai’s Mashreq interested in Citigroup’s Egypt retail business
Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday.The…
Saudi-Egyptian association to build LE600 mn hospital
January 18, 2015
Saudi-Egyptian association to build LE600 mn hospital
The Saudi-Egyptian Businessmen Association has declared plans for a 100-room hospital in Egypt worth LE600 milion. Mohamed al-Raghy, the association’s CEO,…
Egypt’s market loses LE2.13 billion on Thursday, while EGX30 inches up 0.12%
January 15, 2015
Egypt’s market loses LE2.13 billion on Thursday, while EGX30 inches up 0.12%
Egypt's market inched up today by 0.12 percent recording 9,555.99 points and a turnover of LE940 million, dealer said. Foreign institutions…
Egyptian pound steady on official market, stronger on black market
January 15, 2015
Egyptian pound steady on official market, stronger on black market
The Egyptian pound was unchanged at a central bank dollar sale on Thursday, and strengthened on the black market.The bank…
Central bank expected to maintain interest rates unchanged
January 15, 2015
Central bank expected to maintain interest rates unchanged
The Central Bank of Egypt (CBE) will most likely keep interests rates on lending and deposits unchanged for one night…