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Source: IMF urges central bank to unify currency exchange rates

Source: IMF urges central bank to unify currency exchange rates

The International Monetary Fund has urged the Central Bank of Egypt to unify currency exchange rates at banks and exchange…
Bisco Misr takeover bid deadline extended until Jan. 11

Bisco Misr takeover bid deadline extended until Jan. 11

Egypt's financial regulator has extended until Jan. 11 the bidding period for Bisco Misr , the subject of a takeover…
Arab Dairy takeover bid deadline extended until Jan. 15

Arab Dairy takeover bid deadline extended until Jan. 15

Egypt's financial regulator has extended until Jan. 15 the deadline for bids to acquire Arab Dairy, which is at the…
Egypt-China business council to launch investments in Egypt worth $250mn

Egypt-China business council to launch investments in Egypt worth $250mn

The Egyptian Chinese Business Council signed four agreements at a total cost of US$250 million in engineering, metal, petrochemical, electrical…
Egypt says deal to import 120,000 T Russian wheat in Jan to be met

Egypt says deal to import 120,000 T Russian wheat in Jan to be met

Russian officials have assured Egypt that deals to import 120,000 tonnes of wheat for delivery in January will be met,…
Saudi Arabia says aid to Egypt unaffected by oil price decline

Saudi Arabia says aid to Egypt unaffected by oil price decline

A recent sharp decline in international petroleum prices will not affect Saudi financial support to Egypt, senior Saudi cabinet official…
Unified investment law draft stirs govt divisions

Unified investment law draft stirs govt divisions

Some ministries are voicing reservations on a draft law that the government says will facilitate investment-related procedures, a government source…
Saudi ministry to discuss deficit financing with central bank

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

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

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,…
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