Business
UNIDO to support Egypt increase essential oils exports
October 15, 2014
UNIDO to support Egypt increase essential oils exports
The United Nations Industrial Development Organization (UNIDO) is aiming to support Egypt to increase essential oils exports through the “Upgrading…
Minister: Egypt to impose protective tariffs on steel rebar imports
October 14, 2014
Minister: Egypt to impose protective tariffs on steel rebar imports
Egypt will impose temporary tariffs by 7.3 percent to protect national steel rebar industry from cheap foreign imports, the Industry and…
Global markets leads stocks sell off; EGX30 down by 2.6% on Tuesday
October 14, 2014
Global markets leads stocks sell off; EGX30 down by 2.6% on Tuesday
The Egyptian stocks market further declined on Tuesday’s session as it is still affected by the negative performance of global…
Egypt’s Steel rebar prices increase 5.9% in September
October 14, 2014
Egypt’s Steel rebar prices increase 5.9% in September
Egypt's Steel rebar prices increased by 5,9 percent in Septemer.2014, reaching an average of LE5315.50 per ton, compared to LE5,017.80 in…
Cabinet raises subsidized fertilizer prices by 33%
October 14, 2014
Cabinet raises subsidized fertilizer prices by 33%
The ministries of Industry and Trade, Investment, oil and agriculture decided to raise the prices of subsidized fertilizers by 33…
Egypt seeking a US$1 billion loan to repay oil debts before the end of 2014
October 13, 2014
Egypt seeking a US$1 billion loan to repay oil debts before the end of 2014
The state-owned Egyptian General Petroleum Corporation (EGPC) is looking to borrow at least US$1 billion before the end of the…
EGX extends bearish performance, sheds LE2.4 bn on Monday
October 13, 2014
EGX extends bearish performance, sheds LE2.4 bn on Monday
The Egyptian stock exchange main index EGX30 continued the negative performance as stocks continued declining, the market tried to recover…
IMF director: Fund to assess Egypt’s economy in November
October 13, 2014
IMF director: Fund to assess Egypt’s economy in November
Egypt's Article IV consultations with the International Monetary Fund (IMF) will take place in November, IMF Director for the Middle…
Egypt expects 2017/18 GDP growth at 6%
October 12, 2014
Egypt expects 2017/18 GDP growth at 6%
The Egyptian Finance Ministry expects growth of gross domestic product (GDP) to climb steadily and to reach 6 percent in…
EGX30 slips 4.06% following global markets slowdown
October 12, 2014
EGX30 slips 4.06% following global markets slowdown
The Egyptian stock exchange main index EGX30 plunged 4.06 percent recording 9,163.81 points on a total turnover of LE701 million…