Business
122m cubic meters dug at New Suez Canal
November 21, 2014
122m cubic meters dug at New Suez Canal
Head of the Armed Forces' Engineering Authority Kamel el-Wazir said on Thursday that 122 million cubic meters have been dug…
EGX30 Index ends steady, losing LE14.4 billion in a week
November 20, 2014
EGX30 Index ends steady, losing LE14.4 billion in a week
The Egyptian Exchange ended the week in the green with the EGX30 Index rising 0.41 percent to record 9,258.18 points…
Egypt to issue $1.75 bln in 1-year T-bills
November 20, 2014
Egypt to issue $1.75 bln in 1-year T-bills
Egypt's central bank said on Thursday it would issue $1.75 billion in one-year treasury bills to local banks and foreign…
Egyptian pound strengthens in black market after volatile week
November 20, 2014
Egyptian pound strengthens in black market after volatile week
Egypt's pound held steady at a central bank dollar sale on Thursday, while black market prices were volatile but generally…
Tamar gas group plans upgrade, including pipeline to Egypt
November 20, 2014
Tamar gas group plans upgrade, including pipeline to Egypt
Israel's offshore Tamar gas field may get a $1.5-$2 billion upgrade, including the construction of an underwater pipeline to an…
E-commerce in UAE reaches 55% of total GCC market: report
November 20, 2014
E-commerce in UAE reaches 55% of total GCC market: report
E-commerce is booming in the Middle East, particularly in the United Arab Emirates, according to ShopGo, the leading e-commerce solutions…
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…