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Declined oil prices positively impact manufacturing materials

Declined oil prices positively impact manufacturing materials

Mohamed al-Suwaidy, chairman of the Federation of Egyptian Industries, said on Monday that the decline in oil prices will reduce…
EGX30 up1.34% on Monday amid signs of recovery

EGX30 up1.34% on Monday amid signs of recovery

Egyptian stock exchange reversed its southern direction in Monday’s session with the EGX30 Index gaining 1.34 percent  to record 8,832.28…
Toy world to open 7 branches in Egypt

Toy world to open 7 branches in Egypt

The Egyptian toy outlet Toy World announced it will open seven branches in Greater Cairo, Egypt, in addition to the…
Egypt’s Qalaa signs sale and purchase agreements for LE260 mn Exit of Two Metallurgy Companies

Egypt’s Qalaa signs sale and purchase agreements for LE260 mn Exit of Two Metallurgy Companies

United Foundries Company, a non-core asset of Qalaa Holdings, signed sale and purchase agreements for 100 percent of two metallurgy…
Customs on European cars to be reduced gradually starting January 2015

Customs on European cars to be reduced gradually starting January 2015

The Egyptian government is currently studying a way to reduce customs on cars imported from European Union by 10 percent…
Trade Minister: The Agadir Agreement between Egypt, Jordan, Morocco and Tunisia should be reviewed

Trade Minister: The Agadir Agreement between Egypt, Jordan, Morocco and Tunisia should be reviewed

Trade and Industry Minister Mounir Fakhry Abdel-Nour said the Agadir Agreement between Egypt, Jordan, Morocco and Tunisia should be reviewed…
Egyptian pound steady at official auction, stronger on black market

Egyptian pound steady at official auction, stronger on black market

The Egyptian pound held steady at a central bank dollar sale on Sunday, but strengthened on the unofficial market after…
Minister: Egypt’s rises refineries daily production capacity to 85k by 2020

Minister: Egypt’s rises refineries daily production capacity to 85k by 2020

Officials project Egypt’s production capacity for oil refineries to rise from 62,000 tons to 85,000 tons daily by the end…
Finance Minister: Egypt targets 4.5% growth rate, 10% deficit in FY2015-16

Finance Minister: Egypt targets 4.5% growth rate, 10% deficit in FY2015-16

Finance Minister Hany Qadry Dimian has ratified the draft state budget for the coming fiscal year 2015/2016 before submitting it…
Central bank: Egypt to issue $1.1 bln, 1-year T-bill on Tuesday

Central bank: Egypt to issue $1.1 bln, 1-year T-bill on Tuesday

Egypt's central bank said on Sunday it would offer a $1.1 billion one-year treasury bill to local banks and foreign…
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