Business
Source: IMF urges central bank to unify currency exchange rates
December 28, 2014
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
December 28, 2014
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
December 28, 2014
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
December 27, 2014
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
December 26, 2014
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
December 26, 2014
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
December 26, 2014
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
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,…