Business
Ministry: Egypt’s budget deficit reaches LE84.5 billion in July-October 2014/15
December 1, 2014
Ministry: Egypt’s budget deficit reaches LE84.5 billion in July-October 2014/15
Egypt's budget deficit almost stabilized during July-October 2014/2015 to 3.6 percent reaching LE84.5 billion, compared to 3.7 percent (LE74.6 billion)…
Minister: Trading T-Bond in EGX
December 1, 2014
Minister: Trading T-Bond in EGX
Investment Minister Ashraf Salman said that the government, Finance Ministry and the stock market are in negotiations over trading the…
Gulf markets bleed after OPEC lets oil slide, Egypt steady
November 30, 2014
Gulf markets bleed after OPEC lets oil slide, Egypt steady
Gulf stock markets plunged to milestone lows in a panic sell-off on Sunday after OPEC's decision to keep crude output…
Kellogg raises stakes in bidding war over Egypt’s Bisco Misr
November 30, 2014
Kellogg raises stakes in bidding war over Egypt’s Bisco Misr
Kellogg Co raised its bid on Sunday for Egyptian cake and biscuit maker Bisco Misr , intensifying a bidding war…
Minister: Regulations of amendments to new real estate tax law concluded
November 30, 2014
Minister: Regulations of amendments to new real estate tax law concluded
Officials have concluded the executive regulations of amendments to the new real estate tax draft law, says Finance Minister Hany…
Minister: Egypt, Kuwait to establish council for mutual cooperation
November 30, 2014
Minister: Egypt, Kuwait to establish council for mutual cooperation
Egypt and Kuwait have signed an agreement for trade and industry cooperation, and are eyeing a bilateral cooperation council that…
NBAD, HSBC, National Bank of Egypt arrange $1.5 bln syndicated loan for Egypt’s state oil company
November 30, 2014
NBAD, HSBC, National Bank of Egypt arrange $1.5 bln syndicated loan for Egypt’s state oil company
The Egyptian General Petroleum Corporation has secured a $1.5 billion syndicated loan from National Bank of Abu Dhabi (NBAD), HSBC…
Suez Cement to build wind power station
November 30, 2014
Suez Cement to build wind power station
Egypt’s Suez Cement said invested LE44.5 million (US$6.22 million) to build a waste treatment facility in Kattameya Plant, according to Managing…
Operator of Egypt’s largest gold mine seeks army partnership
November 30, 2014
Operator of Egypt’s largest gold mine seeks army partnership
Egypt’s Investment Ministry has approached Prime Minister Ibrahim Mehleb with a memorandum requesting approval of a partnership between the Armed…
Banks to arrange $1.5 bln loan for Egypt to repay foreign energy firms
November 28, 2014
Banks to arrange $1.5 bln loan for Egypt to repay foreign energy firms
HSBC, National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's…