Business
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…
Egypt Suez Canal revenue at $469.7 mn in September
October 27, 2014
Egypt Suez Canal revenue at $469.7 mn in September
Revenues from Egypt's Suez Canal reached $469.7 million in September, down from a record $510 million in August, the state…
IIF predicts Egypt 2015 GDP growth to 3.7%
October 26, 2014
IIF predicts Egypt 2015 GDP growth to 3.7%
The Institute of International Finance (IIF) predicted Egypt’s GDP will rise to 3.7 percent in the coming year, compared to…
EGX30 ends Sunday on red, down 0.25%
October 26, 2014
EGX30 ends Sunday on red, down 0.25%
The Egyptian stock exchange traded in the green throughout the session though it failed to maintain its upward movement and…
Greek diplomat: 100 large Greek companies plan investments in Egypt
October 26, 2014
Greek diplomat: 100 large Greek companies plan investments in Egypt
Economic and Commercial Counselor at the Greek Embassy in Cairo Evangelos Dairetzis revealed that 100 large Greek companies plan to…