Business
Stock market loses LE3 billion
August 18, 2014
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
August 18, 2014
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
August 17, 2014
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
August 14, 2014
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
August 14, 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
August 13, 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
August 12, 2014
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
August 12, 2014
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
August 10, 2014
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
August 8, 2014
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,…