Business

EFG Hermes reports LE381 m net profit in first-half of 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

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

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

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

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

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,…
Egypt to build LE80 billion Airport City

Egypt to build LE80 billion Airport City

Egypt's aviation authorities are planning a LE80 billion airport city around Cairo International Airport that would serve as an investment…
Stock market continues to rise, earns LE3.2 bn

Stock market continues to rise, earns LE3.2 bn

The Egyptian Stock Exchange continued to make gains on Thursday, supported by intensive buying on the part of corporations and…
Energy expert: Egypt on verge of humanitarian crisis

Energy expert: Egypt on verge of humanitarian crisis

A British energy expert has warned that Egypt is facing a humanitarian crisis that is fueled by energy problems. In an…
Stock market makes collective gains Wednesday

Stock market makes collective gains Wednesday

Egyptian stock indexes rose collectively during Wednesday’s trading session, supported by purchases from corporations and foreign investment funds. 
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