Business
Egypt’s Orascom to sell assets to Accelero Capital
December 10, 2014
Egypt’s Orascom to sell assets to Accelero Capital
An Orascom subsidiary has approved the sale of 140 million Egyptian pounds (US$19.58 million) of assets to Accelero Capital group,…
Egypt consumer inflation falls to 9.1 pct in November
December 10, 2014
Egypt consumer inflation falls to 9.1 pct in November
Egypt's annual urban consumer inflation slowed to 9.1 percent in November from 11.8 percent in the previous month, the official…
Egypt extends period of Abraaj bid for Bisco Misr to match Kellogg’s
December 9, 2014
Egypt extends period of Abraaj bid for Bisco Misr to match Kellogg’s
Egypt's financial regulator on Thursday extended the offer period for UAE's Abraaj Investment Management for Egyptian cake and biscuit maker…
EGX30 falls 1% on Tuesday, market loses LE7.1 billion
December 9, 2014
EGX30 falls 1% on Tuesday, market loses LE7.1 billion
The Egyptian stock exchange declined on Tuesday 's session with a turnover of LE992 million.The market's main index EGX30 down…
Egyptian businessmen, US officials hold trade talks in Cairo
December 9, 2014
Egyptian businessmen, US officials hold trade talks in Cairo
Egyptian Businessmen’s Association (EBA) board, headed by Hussein Sabour, has held a meeting in Cairo on Tuesday with US Commerce…
Egypt walks balance of payments tightrope
December 9, 2014
Egypt walks balance of payments tightrope
Egypt is walking a balance of payments (BOP) tightrope, where it faces challenges including the continued stagnation of exports, low…
Egypt to launch tender for second LNG import terminal
December 9, 2014
Egypt to launch tender for second LNG import terminal
Egypt will launch a tender for a second liquefied natural gas (LNG) import terminal in the coming weeks, a source…
Egypt’s stock market up for 4th day, EGX30 advances 0.46% on Monday
December 8, 2014
Egypt’s stock market up for 4th day, EGX30 advances 0.46% on Monday
The Egyptian stock exchange closed Sunday in the green for the forth consecutive session with a turnover of LE976 million. The…
Crisis with Saudi investor over NUBASEED almost over
December 8, 2014
Crisis with Saudi investor over NUBASEED almost over
The government has almost put an end to one of the longest conflicts between the state and foreign investors, which…
Govt begins wide-scale reconciliations with investors, former officials
December 8, 2014
Govt begins wide-scale reconciliations with investors, former officials
A number of ministries and state agencies started intensive negotiations to conduct reconciliation on a wide scale with a number…