Business
Egypt mulls the importing of Iraqi gas surplus from Jordan
March 5, 2014
Egypt mulls the importing of Iraqi gas surplus from Jordan
Minister of Petroleum and Mineral Resources Sherif Ismail said on Wednesday that Egypt is willing to take advantage of the…
EFG Hermes completes US$150 mn exit from Damas jewelers
March 5, 2014
EFG Hermes completes US$150 mn exit from Damas jewelers
EFG-Hermes, the leading investment bank in the Arab world, sold 19 percent of stakes in Damas International Limited owned by…
Talaat Moustafa holding’s profits grow 7% in 2013
March 5, 2014
Talaat Moustafa holding’s profits grow 7% in 2013
Talaat Moustafa holding Group announced that net profit in 2013 rose 7 percent to LE585 million in 2013. The company had…
GB Auto’s full-year net income drops 46.7% on year
March 5, 2014
GB Auto’s full-year net income drops 46.7% on year
GB Auto reported on Wednesday net income came in at LE116 million, down 46.7 percent y-o-y. The board of directors…
Orascom Construction Industries acquitted of Tax Evasion
March 4, 2014
Orascom Construction Industries acquitted of Tax Evasion
OCI NV announced today that the Egyptian Public Prosecutor has fully exonerated the Company’s Egyptian subsidiary, Orascom Construction Industries SAE…
Egypt’s foreign exchange reserves rises to US$17.3 bn
March 4, 2014
Egypt’s foreign exchange reserves rises to US$17.3 bn
Egypt's foreign exchange reserves rose up to US$17.3 billion by the end of February, compared to $17.105 billion at the…
POLL-Egypt business activity flat in February -PMI
March 4, 2014
POLL-Egypt business activity flat in February -PMI
Business activity in Egypt was unchanged in February after the previous month's deterioration, a survey showed on Tuesday, a sign…
Stock market loses LE191 million
March 2, 2014
Stock market loses LE191 million
The performance of Egyptian stock market indexes varied by the end of Sunday session as Egyptian investors were inclined toward…
Egypt’s wheat imports not affected by Ukrainian incidents: GASC official
March 2, 2014
Egypt’s wheat imports not affected by Ukrainian incidents: GASC official
General Authority For Supply Commodities (GASC) Vice-Chief Mamdouh Abdel Fattah said Egypt’s wheat imports will not be affected by political…
Centamin gains controlling interest in Ampella Mining
February 27, 2014
Centamin gains controlling interest in Ampella Mining
Miner of gold in Egypt, Centamin’s off-market takeover offer for Ampella was free from all defeating conditions pursuant to a…