Business

5 Egyptian companies to establish retail stores in African capitals

5 Egyptian companies to establish retail stores in African capitals

A consortium of five Egyptian companies started putting the final touches to a joint venture to develop trade exchange between…
Dollar exchange rate stabilizes

Dollar exchange rate stabilizes

The dollar exchange rate has stabilized by the end of last week at LE7.14 for buying and LE7.17 for selling,…
Stock market loses 15 bn

Stock market loses 15 bn

Stock indices tumbled and the market capital lost LE15.2 billion in the week the new cabinet was sworn in. The main…
Stock market loses LE3.3 bn

Stock market loses LE3.3 bn

Stock indices fell at the end of Thursday’s trading session as Arab and foreign investors tended to sell and Egyptian…
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…
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