Business
EGX30 jumps 2.07% on Wednesday pushes by Moody’s report, gains LE6 billion
October 22, 2014
EGX30 jumps 2.07% on Wednesday pushes by Moody’s report, gains LE6 billion
The Egyptian stock exchange rose for a third session on Wednesday, pushed by Moody's report concerning the change of five…
Minister: Egypt Negotiates with BPI to set up power plant
October 22, 2014
Minister: Egypt Negotiates with BPI to set up power plant
Electricity for Egypt Holding Company signed a memorandum of understanding with Benchmark Power International (BPI) to construct power plant in…
Stock market halves documents required for registration
October 22, 2014
Stock market halves documents required for registration
Egypt’s Stock Market announced on Wednesday reducing the number of documents required for registering a company’s shares in the market…
Middle Eastern equity issuance totals US$5.1 billion in the first nine months of 2014
October 22, 2014
Middle Eastern equity issuance totals US$5.1 billion in the first nine months of 2014
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today released the quarterly investment banking analysis…
Moody’s changes outlook from ‘negative’ to ‘stable’ on deposit ratings of five Egyptian banks
October 22, 2014
Moody’s changes outlook from ‘negative’ to ‘stable’ on deposit ratings of five Egyptian banks
Moody’s Investors Service on Wednesday changed the outlook on the long term local currency deposit ratings of five Egyptian banks from negative to…
Egypt turns to illegal buildings to tackle housing crisis
October 22, 2014
Egypt turns to illegal buildings to tackle housing crisis
Egypt plans to offer cheap loans for completing apartments in unfinished buildings thrown up illegally across its cities, hoping to…
Minister of Finance: Moody’s decision to change Egypt’s outlook to stable good news, but not enough
October 21, 2014
Minister of Finance: Moody’s decision to change Egypt’s outlook to stable good news, but not enough
The Egyptian Minister of Finance Hany Qadry Dimian on Tuesday said he considered the rise in the country's credit rating…
EGX30 up 1.15 percent on Tuesday, gained LE4.2 billion
October 21, 2014
EGX30 up 1.15 percent on Tuesday, gained LE4.2 billion
Egypt's stock market maintained its upward movement driven by foreign and Arab institution buying activities. The EGX30 Index gained 1.15 percent…
Report: 14 MENA IPOs raise $3.95 bn in 2014’s first nine months
October 21, 2014
Report: 14 MENA IPOs raise $3.95 bn in 2014’s first nine months
A total of 10 IPOs were issued in the Middle East and North Africa (MENA) during the first half of…
Minister: Egypt signs 36 oil exploration deals worth US$2 billion since November 2013
October 21, 2014
Minister: Egypt signs 36 oil exploration deals worth US$2 billion since November 2013
Egyptian Petroleum Minister Sherif Ismaeil announced that the new oil agreements bring the total of new deals since November 2013…