Business

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…
CAPMAS: Monthly inflation rate fell by 0.9% compared to April 2014

CAPMAS: Monthly inflation rate fell by 0.9% compared to April 2014

The Central Agency for Public Mobilization and Statistics announced Tuesday that the monthly inflation rate fell by 0.9 percent compared…
Investments in insurance raised by 9.2%

Investments in insurance raised by 9.2%

Mohamed Moeit, deputy chairman of the Financial Supervisory Authority, said the insurance sector has achieved growth from 30 June 2013 to…
Capital market earns LE3.6 bn

Capital market earns LE3.6 bn

Stock indices rose collectively, support by purchases of foreign and Egyptian investors.
Cabinet sources: Plan to cut subsidies delayed upon security authorities recommendations

Cabinet sources: Plan to cut subsidies delayed upon security authorities recommendations

The government has delayed raising the prices of fuel for further study and in order to choose the right timing…
Egypt self-sufficient in production of eggs

Egypt self-sufficient in production of eggs

Minister of Agriculture and Land Reclamation Ayman Farid Abu Hadid said Egypt has reached self-sufficiency in the production of eggs…
Govt mulls tobacco tax, Economic Group requests postponement

Govt mulls tobacco tax, Economic Group requests postponement

An official source speaking on condition of anonymity, said the government is considering a new tax on all kinds of…
Stock market earns LE16 bn as Sawiris and Beltone offer to buy 20% of Hermes

Stock market earns LE16 bn as Sawiris and Beltone offer to buy 20% of Hermes

Stock indices hit a record rise at the end of Thursday’s session when New Egypt Investment, a company owned by…
Cash reserves down 1.1 percent in May

Cash reserves down 1.1 percent in May

On Thursday, Egypt's central bank announced a 1.1 percent drop in net cash reserves. 
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