Business
EGX30 ends Monday on green, up 0.13% gaining LE1.1 billion
October 20, 2014
EGX30 ends Monday on green, up 0.13% gaining LE1.1 billion
The Egyptian stock exchange rebounded backed by buying activities that occurred in Monday’s session. The benchmark index EGX30 rose a sight…
Egyptian developer SODIC to invest US$336 mn in 2015, sees property boom
October 20, 2014
Egyptian developer SODIC to invest US$336 mn in 2015, sees property boom
SODIC, one of Egypt's largest listed real estate developers, plans to invest LE2.4 billion (US$336 million) in 2015 and is…
Ministry: Egypt set three conditions for Israeli gas import
October 20, 2014
Ministry: Egypt set three conditions for Israeli gas import
Egypt set three conditions to allow the import of Israeli gas: officials must receive permission from state and the gas…
Global Telecom sells its operations in Burundi and Central African Republic
October 20, 2014
Global Telecom sells its operations in Burundi and Central African Republic
Egyptian Global Telecom Holding (GTH), the company previously known as Orascom, has sold its entire 100 percent stake in Telecel…
WB expert lauds Egypt’s economic reforms
October 20, 2014
WB expert lauds Egypt’s economic reforms
A senior expert at the World Bank has said that the world organization is not concerned with the absence of…
Moody’s changes Egypt’s outlook to stable from negative, on political stability, improved growth
October 20, 2014
Moody’s changes Egypt’s outlook to stable from negative, on political stability, improved growth
Moody's Investors Service has changed Egypt's outlook to stable from negative and affirmed its Caa1 government bond rating. "The outlook change…
Egypt’s shares lose LE2.1 billion, EGX30 falls by 0.81 percent
October 19, 2014
Egypt’s shares lose LE2.1 billion, EGX30 falls by 0.81 percent
The Egyptian stock exchange main index EGX30 began on a strong positive note yet failed to sustain its positive performance…
Supply minister unveils several projects underway
October 19, 2014
Supply minister unveils several projects underway
Supply and Domestic Trade Minister Khaled Hanafy said that President Abdel Fattah al-Sisi approved a proposal that he submitted to…
Israel’s Tamar group looks to sell gas to Egypt via EMG pipeline
October 19, 2014
Israel’s Tamar group looks to sell gas to Egypt via EMG pipeline
The partners in Israel's offshore Tamar gas field said on Sunday they are negotiating the sale of at least 5…
Egypt’s natural gas exports drop 86.4% in August
October 19, 2014
Egypt’s natural gas exports drop 86.4% in August
Egypt's exports of natural gas has declined by 86.41 percent during the month of August to US$26 million from $192…