Business
Egypt central bank seen keeping rates on hold amid nascent recovery
November 26, 2014
Egypt central bank seen keeping rates on hold amid nascent recovery
Egypt's central bank is expected to keep interest rates on hold on Thursday as inflationary pressure continues to ease and…
Al-Futtaim to invest $700 mn in Egypt after dispute settled
November 25, 2014
Al-Futtaim to invest $700 mn in Egypt after dispute settled
Dubai-based conglomerate Al-Futtaim Group said on Tuesday it would invest US$700 million in Egypt over three years and pay the…
Egypt’s stock market gained LE2.8 billion on Tuesday, while EGX30 drop 0.48%
November 25, 2014
Egypt’s stock market gained LE2.8 billion on Tuesday, while EGX30 drop 0.48%
The Egyptian stock exchange closed on a negative note for the second consecutive session, while EGX market capital gained LE2.8…
EFG-Hermes: Low oil prices to boost disinflation, subsidy reforms in Egypt
November 25, 2014
EFG-Hermes: Low oil prices to boost disinflation, subsidy reforms in Egypt
EFG-Hermes expects a new era of depressed oil prices and a stuctural shift in global supply and demand balances, according…
Housing Minister ratifies sealed envelopes system instead of land auctions
November 25, 2014
Housing Minister ratifies sealed envelopes system instead of land auctions
Housing Minister Mostafa Madbouly announced on Monday replacing the land auctions with sealed envelops.
Egypt’s stock market loses LE12.1 billion on Monday
November 24, 2014
Egypt’s stock market loses LE12.1 billion on Monday
The Egyptian stock exchange fell as its main index EGX30 dipped 1.27 percent to 9,156.68 points in a total turnover…
UAE offers Egypt $200m to fund micro enterprises
November 24, 2014
UAE offers Egypt $200m to fund micro enterprises
Prime Minister Ibrahim Mahlab and UAE Minister of State Sultan Ahmed Al-Jaber, attended the signing ceremony of a $200-million deal…
Minister stresses priority of investment legislation
November 24, 2014
Minister stresses priority of investment legislation
The legislative reform committee has put investment legislation at the top of its priorities, by instruction from President Abdel Fattah al-Sisi…
C. bank: Egypt sold $1.796 bln in dollar-denominated treasury bills
November 24, 2014
C. bank: Egypt sold $1.796 bln in dollar-denominated treasury bills
Egypt's central bank sold $1.796 billion in one-year dollar-denominated treasury bills to local banks and foreign financial institutions at an…