Business

LE35 million to promote domestic tourism

LE35 million to promote domestic tourism

Egypt's new government is pumping LE35 million to stimulate domestic tourism as part of the 2014/2015 fiscal year budget, which starts in…
Egypt most attractive country for Russian tourists in 2014

Egypt most attractive country for Russian tourists in 2014

An official Russian report released on Thursday said that Egypt tops the list of the most attractive places to visit…
Stock market continues to decline for third session

Stock market continues to decline for third session

The stock indices continued to decline for the third session in a row, collectively affected by the pressure of Egyptian…
Stock market loses LE5.5 bn from profit-taking

Stock market loses LE5.5 bn from profit-taking

Stock indices fell collectively at the end of Monday’s trading session influenced by sales of Egyptian investors against purchases of…
Farmers to hand in local wheat by 20 June maximum: Minister

Farmers to hand in local wheat by 20 June maximum: Minister

Minister of Food Supply and Domestic Trade, Khaled Hanafy, said on Sunday that the deadline for receiving local wheat from…
US firm mulls solar energy investments in Egypt

US firm mulls solar energy investments in Egypt

US firm Concilio Group is studying solar energy projects in Egypt worth US$100 million (LE700 million).The project is intended to…
CAPMAS: Number of tourists decline by 21.9 percent in April

CAPMAS: Number of tourists decline by 21.9 percent in April

Central Agency for Public Mobilization and  Statistics (CAPMAS) has indicated a decline in the number of inbound tourists in April…
Stock market breaks 8,700-point barrier backed by Morgan Stanley

Stock market breaks 8,700-point barrier backed by Morgan Stanley

Major stock indices rose at the end of Wednesday’s trading session and the capital market earned more than LE5 billion,…
Profit earning pushes stock indices down

Profit earning pushes stock indices down

Profit earning pushed stock indices down toward the end of Tuesday’s trading session after a strong rise since President Abdel…
Hermes board of directors considers Sawiris’s offer

Hermes board of directors considers Sawiris’s offer

The Board of Directors of EFG Hermes Holding S.A.E convened to discuss the voluntary tender offer that has been submitted…
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