Business
Finance Ministry seeks 9 percent deficit by 2017
September 8, 2014
Finance Ministry seeks 9 percent deficit by 2017
Finance Minister Hani Qadri has said that the government hopes to reduce the budget deficit and debt to around 9.5…
US dollar prices down as turnout for Suez Canal certificates soars
September 8, 2014
US dollar prices down as turnout for Suez Canal certificates soars
Egyptian officials are noting a downtrend in the demand for the US dollar, as well as its price, as result…
Stock market gains LE1.2 billion
September 7, 2014
Stock market gains LE1.2 billion
Egypt’s stock market closed on a high note on Sunday prompted by intensive buying from foreign investors.EGX30, the main index,…
Egypt crops exports to Russia to offset ban on EU imports
September 6, 2014
Egypt crops exports to Russia to offset ban on EU imports
Agriculture Minister Adel al-Beltagy said Saturday Egypt had agreed with Russia to operate regular, fast maritime lines carrying Egyptian agricultural…
Finance Minister: $425 million from IDB to develop oil refinery in Assiut, Sharm al-Sheikh Airport
September 4, 2014
Finance Minister: $425 million from IDB to develop oil refinery in Assiut, Sharm al-Sheikh Airport
Minister of Finance Hany Qadry Damian announced that the Islamic Development Bank agreed to provide US$424.8 million to finance two…
OTMT extends Alfa contract in Lebanon for one month
September 4, 2014
OTMT extends Alfa contract in Lebanon for one month
Orascom Telecom Media and Technology Holding (OTMT) announced that it has received an extension to the management contract of the…
National Bank consortium wins Petroleum Authority LE10 billion loan
September 2, 2014
National Bank consortium wins Petroleum Authority LE10 billion loan
The Petroleum Authority has announced that the consortium of the National Bank of Egypt won a bid for an LE10…
Stock market makes highest gains since 2008
September 2, 2014
Stock market makes highest gains since 2008
The Egyptian Stock Exchange made Tuesday its highest gains since mid-July 2008 backed by the progress of the indicators of…
Government to receive more than LE80 bn in loans from local banks
September 2, 2014
Government to receive more than LE80 bn in loans from local banks
The government will seek US$11.2 billion in loans during this month after expectations that fuel price hikes are to increase…
Stock indexes rise Sunday
August 31, 2014
Stock indexes rise Sunday
Egyptian stock indices recorded a relative increase at the end of Monday session kicking off the week's trading, supported by…