Business

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. 
Stock market earns LE6.3 bn

Stock market earns LE6.3 bn

Stock indices earned solid gains at the end of Wednesday’s trading, backed with purchases of institutions and investment funds against…
Dollar declines on black market

Dollar declines on black market

Banking sources have revealed that people saving dollars have begun to get rid of them in the past few days…
Arab Investors Union: Foreign aid cannot build an economy

Arab Investors Union: Foreign aid cannot build an economy

Ambassador Gamal al-Bayoumy, head of the Union of Arab Investors, said that more Arab aid to Egypt is helpful, he…
Egypt considers offering $750 mn, $1 bn bonds to pay dollar liabilities

Egypt considers offering $750 mn, $1 bn bonds to pay dollar liabilities

The Egyptian Finance Ministry is considering offering bonds ranging between US$750 million and US$1 billion to provide the liquidity necessary…
UAE aid package behind dollar rate decline

UAE aid package behind dollar rate decline

Hossam Naser, former vice president of the Industrial Development Bank, said the dollar exchange rate has declined due to the…
Changes intended to controversial stock tax law

Changes intended to controversial stock tax law

Lawmakers will amend controversial changes to the Egyptian stock market in a draft law that speculators feared would scare foreign…
Stock market loses LE16 bn on Sunday

Stock market loses LE16 bn on Sunday

Traders and money market experts said the 5-percent decline in the stock indices since the beginning of Sunday’s trading session…
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