Business
Egypt says it resolves land dispute with Dubai’s Al-Futtaim
November 20, 2014
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
November 19, 2014
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
November 19, 2014
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
November 19, 2014
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
November 19, 2014
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
November 18, 2014
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
November 18, 2014
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
November 18, 2014
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
November 18, 2014
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,…