Business
Egypt central bank sells $971.3 mln in one-year T-bills
January 12, 2015
Egypt central bank sells $971.3 mln in one-year T-bills
Egypt's central bank said it sold $971.3 million in one-year treasury bills at an average yield of 2.125 percent at…
Egypt’s gross domestic debt rose to LE1.84 trillion in September 2014
January 12, 2015
Egypt’s gross domestic debt rose to LE1.84 trillion in September 2014
Egypt’s gross domestic debt rose to LE1.84 trillion in September 2014 from LE1.82 trillion in June, according to data posted…
CBE : Egyptian banks’ credit reach to LE2.3 trillion during July/ Oct 2014/15
January 12, 2015
CBE : Egyptian banks’ credit reach to LE2.3 trillion during July/ Oct 2014/15
Egyptian Banks’ credit balances moved up by LE 27.9 billion or 4.7% to reach LE2.29 trillion during July/Oct . 2014/2015,…
Egypt’s Bisco Misr shareholders agree to sell $125 mln worth of shares to Kellogg, bidding ends
January 11, 2015
Egypt’s Bisco Misr shareholders agree to sell $125 mln worth of shares to Kellogg, bidding ends
Shareholders controlling 86 percent of shares in Egyptian biscuitmaker Bisco Misr agreed to sell their shares to U.S. firm Kellogg…
Refining company saves LE2.1 bn to state budget
January 11, 2015
Refining company saves LE2.1 bn to state budget
The Egyptian Refining Company (ERC), affiliated to Capital Group, said it has received a shipment of equipment and heavy machinery,…
Oil minister: Egypt to finalise Gazprom LNG deal this month
January 11, 2015
Oil minister: Egypt to finalise Gazprom LNG deal this month
Egypt will complete an agreement with Russia's Gazprom for the company to supply it with liquefied natural gas (LNG) shipments…
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…