Business

Egypt says it resolves land dispute with Dubai’s Al-Futtaim

Egypt says it resolves land dispute with Dubai’s Al-Futtaim

 Egypt said on Wednesday it had resolved a long-standing dispute over a land sale with Dubai-based conglomerate Al Futtaim Group,…
Egypt pound volatile on black market due to commercial demand, Qatar repayment concerns

Egypt pound volatile on black market due to commercial demand, Qatar repayment concerns

The Egyptian pound was flat at a central bank dollar sale on Wednesday but was volatile on the black market…
MinisterEgypt expects new African trade bloc in December

MinisterEgypt expects new African trade bloc in December

Three African economic blocs will merge into a new 27-nation free-trade zone under an agreement to be signed in Cairo…
Finance Minister: Estate tax being fought

Finance Minister: Estate tax being fought

Despite its efforts to achieve toward social justice, Finance Minister Hany Qadry Dimian says interest groups are systematically fighting the estate…
Egypt’s stock market loses LE5.7 billion on Tuesday while all indices up

Egypt’s stock market loses LE5.7 billion on Tuesday while all indices up

Egypt's stock market lost LE5.7 billion on Tuesday, while all indexes remained up, due to the loss of large market…
UAE’s Abraaj gets go-ahead on Bisco Misr acquisition

UAE’s Abraaj gets go-ahead on Bisco Misr acquisition

UAE-based Abraaj Investment Management has won regulatory clearance for its LE850 million (US$119 million) offer for Bisco Misr, one of…
IMF mission discusses investment guarantees in Egypt‏

IMF mission discusses investment guarantees in Egypt‏

In an attempt to overcome all obstacles facing investors, Egypt is now providing all guarantees that attract domestic and foreign…
Egypt’s stock market lose LE5 billion on Tuesday, while all indexes up

Egypt’s stock market lose LE5 billion on Tuesday, while all indexes up

The Egyptian stock exchange edged up as its main index EGX30 rose 0.66 percent to 9,177.81 points in total turnover…
Minister: Egypt’s GDP growth rate reaches 6.8 % in first quarter

Minister: Egypt’s GDP growth rate reaches 6.8 % in first quarter

Egypt’s economy grew 1.1% q-o-q and 6.8% y-o-y in  first quarter of the 2014-15 fiscal year, according to Preliminary indicators,…
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