Business
Egyptian pound steady on official market, weaker on black market
November 17, 2014
Egyptian pound steady on official market, weaker on black market
The Egyptian pound was unchanged at a central bank dollar sale on Monday but weakened on the black market.The bank…
Egypt denies intention to borrow from IMF next year
November 17, 2014
Egypt denies intention to borrow from IMF next year
The Egyptian government currently has no intention to borrow money from the International Monetary Fund, according to the minister of…
December set for conference on Egypt’s economic future
November 17, 2014
December set for conference on Egypt’s economic future
Al Mal-GTM, a leading private sector think tank, will hold a CEO conference at Four Seasons Nile Plaza on 1 December…
Egypt’s stocks down for 3rd consecutive day, lose LE1.6 billion
November 16, 2014
Egypt’s stocks down for 3rd consecutive day, lose LE1.6 billion
The Egyptian stock exchange on Thursday closed in the red for the third consecutive session as a result of profit…
Naguib Sawiris approves construction of new projects
November 16, 2014
Naguib Sawiris approves construction of new projects
Naguib Sawiris of Orascom Telecom Media and Technology Holding (OTMT) has approved construction of other new companies as well as…
World Bank expects Egypt GDP growth to reach 5% in 4 years
November 16, 2014
World Bank expects Egypt GDP growth to reach 5% in 4 years
The World Bank expects Egypt's GDP growth to reach 5 percent over the next four years, according to an interview…
Govt agrees with 9 local banks to promote planned projects for March economic summit
November 16, 2014
Govt agrees with 9 local banks to promote planned projects for March economic summit
Nine local investment banks have agreed with the Egyptian government to be responsible for promoting the projects that the officials…
Egypt’s Orascom reports Q3 net loss of LE72.6 mn
November 16, 2014
Egypt’s Orascom reports Q3 net loss of LE72.6 mn
Egypt's Orascom Telecom reported a net loss of LE72.6 million (US$10.2 million) in the third quarter, compared with a loss…
S&P affirms Egypt’s sovereign ratings at ‘B-/B’
November 16, 2014
S&P affirms Egypt’s sovereign ratings at ‘B-/B’
The international rating agency Standard and Poor’s has affirmed Egypt's sovereign ratings at "B-/B." The agency announced on Friday in an…
Minister: Hope returns to Doha Round after US, India agreement
November 15, 2014
Minister: Hope returns to Doha Round after US, India agreement
The United States and India have agreed on the way forward for implementing key elements of the package of agreements…