Business
Saudi ministry to discuss deficit financing with central bank
December 26, 2014
Saudi ministry to discuss deficit financing with central bank
Saudi Arabia's Finance Ministry will discuss with the central bank its options for financing the large state budget deficit expected…
Egypt shares gain $2.52bn in a week on oil rebound
December 26, 2014
Egypt shares gain $2.52bn in a week on oil rebound
Egyptian shares gained LE18 billion last week, bolstered by recovery in Arab and global markets due to the rebound of…
Trade Ministry to add more jobs, trade agreements in 2015
December 25, 2014
Trade Ministry to add more jobs, trade agreements in 2015
The Trade and Industry Ministry has released its expectations for 2015, with a number of agreements and new job opportunities. The ministry,…
EGX30 Index inches down 0.30%
December 25, 2014
EGX30 Index inches down 0.30%
Egyptian shares traded sideways in Thursday’s session with EGX30 closing 0.30% down recording 8,740.12 points and a turnover of LE372million. Meanwhile,…
Egyptian pound steady on official and unofficial markets
December 25, 2014
Egyptian pound steady on official and unofficial markets
The Egyptian pound held steady at a central bank dollar sale on Thursday and on the black market.The bank offered…
Egypt’s Eastern Tobacco to set up cigarette factory in Malawi
December 25, 2014
Egypt’s Eastern Tobacco to set up cigarette factory in Malawi
Egypt's cigarette monopoly Eastern Tobacco will establish a cigarette factory in Malawi with approximately US$40 million, according to an Egyptian…
Egypt’s market gains LE3.8 bn, EGX30 Index inching up 0.64%
December 24, 2014
Egypt’s market gains LE3.8 bn, EGX30 Index inching up 0.64%
Egyptian shares inched up during Wednesday's session, with EGX30 closing 0.64% up, recording 8,766.12 points and a turnover of LE453…
Newspaper: Army signs $700mn deal with multinational consortium for power stations
December 24, 2014
Newspaper: Army signs $700mn deal with multinational consortium for power stations
The Armed Forces Armament Authority signed a contract with a three-party consortium for the establishment of six 970-megawatt power stations…
Former FM chairs Cairo economic forum
December 24, 2014
Former FM chairs Cairo economic forum
Former Egyptian Foreign Minister Mohamed al-Orabi will chair the global economic summit in Cairo in February, with Hoda Naguib of…
CBE seeks to control black market as dollar rises to LE7.82
December 24, 2014
CBE seeks to control black market as dollar rises to LE7.82
A senior banking source revealed that the Central Bank of Egypt is seeking to control the black market after the…