Business
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…
Egypt’s Palm Hills plans $230 mln share issue to raise capital
January 7, 2015
Egypt’s Palm Hills plans $230 mln share issue to raise capital
Palm Hills, Egypt's second-largest listed real estate developer, plans to issue new shares worth 1.65 billion Egyptian pounds ($230.49 million)…
Dubai leads gains as Gulf markets rebound
January 7, 2015
Dubai leads gains as Gulf markets rebound
Most Gulf stock markets rebounded on Wednesday after suffering sharp losses earlier in the week because of the renewed slide…
Cairo stops subsidies to farmers of cotton, once Egypt’s “white gold”
January 6, 2015
Cairo stops subsidies to farmers of cotton, once Egypt’s “white gold”
Growers of Egypt's high quality cotton will no longer receive any state support and have been advised not to plant…
Farmers, traders slam government’s decision to stop cotton subsidy
January 6, 2015
Farmers, traders slam government’s decision to stop cotton subsidy
The Supreme Organizing Committee of Cotton Trade will convene on Thursday to discuss the consequences of the Agriculture Ministry's decision…
Egypt’s market loses $1.3 bn on Tuesday, fresh drop in oil prices
January 6, 2015
Egypt’s market loses $1.3 bn on Tuesday, fresh drop in oil prices
Egypt's market declined on Tuesday's session with EGX30 closing 2.35 percent down, due to a fresh fall in oil prices…