Business
EFG Hermes reports LE381 m net profit in first-half of 2014
August 14, 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
August 13, 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
August 12, 2014
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
August 12, 2014
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
August 10, 2014
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
August 8, 2014
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
August 8, 2014
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
August 7, 2014
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
August 7, 2014
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
August 6, 2014
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.