Business

Stock market loses LE3 billion

Stock market loses LE3 billion

Stock market indexes declined on Monday amid sales by institutions and foreign funds after gains that were achieved over the…
Egypt railway losses LE20 million in 4 days

Egypt railway losses LE20 million in 4 days

Egypt's railway authority sustained losses of LE20 million from Thursday to Sunday, prompted by cancelled reservations and operation hiccups, a…
Finance Ministry seeks US$10.4 billion loan from IMF

Finance Ministry seeks US$10.4 billion loan from IMF

An informed governmental source said Finance Minister Hani Qadri Demian will try to convince the Cabinet to resume negotiations with…
Stock market gains LE3.8 billion

Stock market gains LE3.8 billion

 Stock market surpassed on Thursday fears of first anniversary of the Rabaa al-Adaweya and Nahda sit-ins dispersal amid violent incidents…
EFG Hermes reports LE381 m net profit in first-half of 2014

EFG Hermes reports LE381 m net profit in first-half of 2014

Egyptian investment bank EFG-Hermes reported on Thursday a 109.7 percent increase in the first-half of 2014 standalone net profit to…
Telecom Egypt profits down 16.7 percent in 2014

Telecom Egypt profits down 16.7 percent in 2014

Telecom Egypt posted LE1.5 billion in the first half of 2014, down 16.7 percent from 1.8 billion pounds in the…
Egypt threatens DP World with port project withdrawal

Egypt threatens DP World with port project withdrawal

The government has threatened to withdraw a contract granting DP World the right to run a containers depot at  Ain…
Electricity Ministry signs LE310 million contract for power project

Electricity Ministry signs LE310 million contract for power project

The Ministry of Electricity and Renewable Energy has signed a LE310 million ($43.4 million) contract to develop Helwan's power plant, according…
Monthly inflation rate highest since 2008

Monthly inflation rate highest since 2008

The Central Agency for Public Mobilization and Statistics (CAPMAS) said that the monthly rate of inflation in July reached 3.3…
Egypt Internet users reach 44.5 million in May

Egypt Internet users reach 44.5 million in May

The number of Internet users in Egypt reached 44.5 million in June 2014, up 33.82 percent from a year ago,…
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