Business
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…
Investment Minister probes joint cooperation with World Bank delegation
November 15, 2014
Investment Minister probes joint cooperation with World Bank delegation
Investment Minister Ashraf Salman has met with World Bank Group's Senior Director of the Trade and Competitiveness Global Practice Anabel…
Egypt’s property tax rates case by case: Guide tables
November 15, 2014
Egypt’s property tax rates case by case: Guide tables
Finance Minister Hani Qadri Demian said housing units of children will be exempted from the real estate tax if the…
Egypt bourse up for 2nd week in a row, gains LE20 billion
November 14, 2014
Egypt bourse up for 2nd week in a row, gains LE20 billion
The Egyptian Exchange (EGX) indexes closed last week up for the second week in a row.EGX market capital gained LE20…