Business
Agadir Agreement encourages Egypt trade exchange to Morocco, Jordan and Tunisia by 46%
October 1, 2014
Agadir Agreement encourages Egypt trade exchange to Morocco, Jordan and Tunisia by 46%
The Ministry of Trade and Industry has said that the Agadir Agreement had allowed Egypt to increase by 46 percent…
Pressure on Qatar to extend maturity of $2.5 bn in bonds owed by Egypt
October 1, 2014
Pressure on Qatar to extend maturity of $2.5 bn in bonds owed by Egypt
A Finance Ministry source said Gulf states are putting pressure on Qatar to extend the maturity of bonds worth US$2.5…
Petroleum Authority signs LE10 bn loan to repay foreign companies
October 1, 2014
Petroleum Authority signs LE10 bn loan to repay foreign companies
Five banks on Wednesday granted the Petroleum Authority the biggest loan in the history of the Egyptian banking system worth…
Egypt borrows a record LE216 billion from local market in 1st quarter
September 30, 2014
Egypt borrows a record LE216 billion from local market in 1st quarter
Egypt’s domestic debt sales have grown by an annual 8.2 percent to a record LE216.3 billion (US$30.3 billion) in the…
Stock market earns LE700 million
September 30, 2014
Stock market earns LE700 million
The Egyptian stock market gained LE700 million, supported by purchases of Egyptian investors, and the market capitalization of the listed…
Egypt aims to boost electronics industry to LE70 billion by 2020
September 30, 2014
Egypt aims to boost electronics industry to LE70 billion by 2020
Minister of Communications and Information Technology Atef Helmy said on Monday that Egypt aims to boost its electronics industry from…
UAE’s Dana Gas wins gas exploration deals in Egypt
September 29, 2014
UAE’s Dana Gas wins gas exploration deals in Egypt
United Arab Emirates energy firm Dana Gas said on Monday that it had been awarded exploration deals for two onshore…
New factory could allow Egypt to start exporting petrochemicals to Europe
September 29, 2014
New factory could allow Egypt to start exporting petrochemicals to Europe
A new state-owned ethylene factory due to start production in Alexandria next year could save Egypt about $500 million on…
Stock market falls on Sunday
September 28, 2014
Stock market falls on Sunday
The main EGX 30 index of the Egyptian Stock Exchange fell by 0.97 percent at the end of Sunday’s trading,…
CAPMAS: Incoming tourists to Egypt decline by 25.4 percent in 2014
September 27, 2014
CAPMAS: Incoming tourists to Egypt decline by 25.4 percent in 2014
Central Agency for Public Mobilization and Statistics (CAPMAS) has released a report showing a decline in number of incoming tourists…