Business
EGX30 rises 0.35% on Tuesday, market gains LE2.7 billion
November 11, 2014
EGX30 rises 0.35% on Tuesday, market gains LE2.7 billion
Egypt's benchmark index EGX30 continued in the green during Tuesday's session for the second day supported by local and institutions. The…
Petroleum Ministry announces new projects for US$10.9 bn
November 11, 2014
Petroleum Ministry announces new projects for US$10.9 bn
Minister of Petroleum and Mineral Resources Sherif Ismail said the ministry is adopting a new strategy that aims to tackle…
Sisi to head to Italy for economy talks end of November
November 11, 2014
Sisi to head to Italy for economy talks end of November
President Abdel Fattah al-Sisi will head to Italy late November for trade talks, the Ministry of Industry and Foreign Trade…
Ministry: Egypt’s budget deficit widens in 1st quarter of 2014/15
November 11, 2014
Ministry: Egypt’s budget deficit widens in 1st quarter of 2014/15
Egypt’s overall budget deficit widened to LE65.8 billion in the first quarter of fiscal year 2014/15 from LE59.9 billion a…
Egypt’s EFG Hermes posts 57 pct rise in Q3 profit
November 11, 2014
Egypt’s EFG Hermes posts 57 pct rise in Q3 profit
EFG Hermes, one of the Middle East's largest investment banks, posted on Tuesday a 57.4 percent year-on-year increase in third-quarter…
Egypt’s SODIC reports 37 pct rise in nine-month net profit
November 11, 2014
Egypt’s SODIC reports 37 pct rise in nine-month net profit
SODIC, Egypt's third-largest listed property developer, reported a 37.4 percent rise in nine-month net profit on Tuesday.SODIC, also known as…
Egypt’s stocks gain LE5.7 billion on Monday, EGX30 rises 0.92%
November 10, 2014
Egypt’s stocks gain LE5.7 billion on Monday, EGX30 rises 0.92%
The Egyptian stock exchange rebounded in Monday’s session supported by local institutions' and retail investors' buying appetite. The EGX30 Index closed,…
Gold price falls sharply in Egypt
November 10, 2014
Gold price falls sharply in Egypt
Price of gold in Egypt fell sharply, suddenly and unexpectedly this week due to speculation in global stock markets, said…
Egypt’s GB Auto quarterly profit surges on passenger car sales
November 10, 2014
Egypt’s GB Auto quarterly profit surges on passenger car sales
Egyptian auto distributor GB Auto said third-quarter profit more than tripled on Monday, the firm said in a stock exchange…
Petroleum Minister: 20 new agreements investing US$2.1 billion
November 10, 2014
Petroleum Minister: 20 new agreements investing US$2.1 billion
Petroleum Minister Sherif Ismail said 36 new agreements investing US$2 billion have been signed since 2013, while 20 other agreements…