Business

New orders fall at OCI’s construction arm ahead of spin-off

New orders fall at OCI’s construction arm ahead of spin-off

 Amsterdam-listed OCI NV , the Egyptian construction, chemicals and fertilizer company, on Friday announced a fall in orders at its…
Minister of Investment: Egypt assigns consulting house to prepare for March economic summit

Minister of Investment: Egypt assigns consulting house to prepare for March economic summit

Investment Minister Ashraf Salman said in an interview that the government assigned a new consulting house (WPP) to prepare for…
Egypt’s stocks end in red on Thursday

Egypt’s stocks end in red on Thursday

The Egyptian stock exchange on Thursday closed in the red for the second consecutive session as a result of profit…
Investor: Shortage in domestic aviation affects tourism

Investor: Shortage in domestic aviation affects tourism

Atef Abdellatif, a member of Marsa Alam Investors Association, praised Egypt's participation in the World Travel Market (WTM) 2014 saying…
Orascom donates retrieved tax payments to Long Live Egypt fund

Orascom donates retrieved tax payments to Long Live Egypt fund

OCI NV, the parent company of Orascom Construction Industries, said its board unanimously agreed Thursday to transfer LE2.5 billion-- an…
Egypt to issue one-year treasury bill worth 650 mln euros

Egypt to issue one-year treasury bill worth 650 mln euros

Egypt's central bank said on Thursday it would offer a 650 million euro ($810 million) one-year treasury bill to local…
Egypt’s Orascom launches submarine cable service to connect Europe, Africa and Asia

Egypt’s Orascom launches submarine cable service to connect Europe, Africa and Asia

Egypt's Orascom Telecom Media and Technology (OTMT) announced Thursday the launch of the MENA Cable service, its fiber optic submarine…
Egypt’s Oriental Weavers Q3 net profit dips to 71.19 mln pounds

Egypt’s Oriental Weavers Q3 net profit dips to 71.19 mln pounds

Egypt's Oriental Weavers said on Thursday its third-quarter net profit had nudged down to 71.19 million Egyptian pounds ($10 million)…
Minister: IMF delegation here to prepare report on Egypt economy

Minister: IMF delegation here to prepare report on Egypt economy

The Egyptian Finance Minister Hany Qadry said on Wednesday that an International Monetary Fund (IMF) delegation arrived here to prepare…
CBE: Egypt committed to paying foreign dues

CBE: Egypt committed to paying foreign dues

The Central Bank of Egypt (CBE) governor Hisham Ramez said that Egypt was committed to paying all its dues to…
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