Business
LE35 million to promote domestic tourism
June 19, 2014
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
June 19, 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
June 17, 2014
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
June 16, 2014
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
June 15, 2014
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
June 14, 2014
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
June 12, 2014
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
June 11, 2014
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
June 10, 2014
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
June 10, 2014
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…