Business
Twitter users and engagement disappoint, shares dive
October 28, 2014
Twitter users and engagement disappoint, shares dive
Twitter Inc posted a disappointing 7 percent slide in a closely watched measure of engagement even though its user base…
MF cuts Egypt’s growth forecast to 3.5% in 2014/15
October 28, 2014
MF cuts Egypt’s growth forecast to 3.5% in 2014/15
The International Monetary Fund (IMF) has cut Egypt's growth forecast to 3.5 percent in fiscal year 2014/15 down from 4.1…
EGX30 rises 1.1% on Tuesday, gains LE3.4 billion
October 28, 2014
EGX30 rises 1.1% on Tuesday, gains LE3.4 billion
The Egyptian stock exchange traded in the green throughout the session's Tuesday, the EGX30 index rose 1.11 percent recording 8,744.77…
Minister denies intentions to cancel free trade agreement with Turkey
October 28, 2014
Minister denies intentions to cancel free trade agreement with Turkey
Trade and Industry Minister Mounir Fakhry Abdel Nour has said that Egypt respects its treaties with other countries, denying intentions…
Sisi invites Saudi king to Egypt friends conference
October 28, 2014
Sisi invites Saudi king to Egypt friends conference
President Abdel Fattah al-Sisi has invited Saudi Arabia King Abdullah Bin Abdel Aziz to a conference gathering friends of Egypt…
Sinai events raise US dollar rate on black market
October 27, 2014
Sinai events raise US dollar rate on black market
The terrorist events in Sinai raised the dollar exchange rate on the black market for up two piasters to LE7.50…
GAFI Chief: Suez Canal projects to be proposed for Arab, foreign investors through usufruct
October 27, 2014
GAFI Chief: Suez Canal projects to be proposed for Arab, foreign investors through usufruct
General Authority for Investments and Free Zones (GAFI) Chief Hassan Fahmy said Suez Canal development projects will open the door…
US Treasurer: US to provide $200 mn in economic aid to Egypt
October 27, 2014
US Treasurer: US to provide $200 mn in economic aid to Egypt
US Treasury Secretary Jacob Lew said the United States will provide Egypt US$200 million to support the economy, without specifying…
Egypt re-elected member of ITU Council
October 27, 2014
Egypt re-elected member of ITU Council
Egypt was re-elected member of the International Telecommunication Union (ITU) council during 2015- 2018 for the 14th time in Egypt’s…
EGX30 down 1.44% due to attacks in Sinai, loses LE4.41 billion on Monday
October 27, 2014
EGX30 down 1.44% due to attacks in Sinai, loses LE4.41 billion on Monday
The market maintained its downward direction during Monday’s session due attacks in Egypt's Sinai Peninsula killed 33 security personnel on…