Business
Mobinil loses LE403 mil third quarter 2013
October 28, 2013
Mobinil loses LE403 mil third quarter 2013
Mobinil incurred losses for the second year in a row. This year’s third quarter the mobile phone service provider lost…
Stock market gains LE1.8 billion
October 27, 2013
Stock market gains LE1.8 billion
Stock indices rose collectively by the end of Sunday’s trading session, supported by Arab and foreign purchases against Egyptian sales. The…
Arab aid to Egypt will not last long, UAE minister warns
October 27, 2013
Arab aid to Egypt will not last long, UAE minister warns
United Arab Emirates (UAE) Minister of Presidential Affairs Mansour bin Zayed Al Nahyan has said that Arab aid to Egypt…
Fund will support health, education and infrastructure in Egypt
October 26, 2013
Fund will support health, education and infrastructure in Egypt
The Support Egypt Fund has decided to establish a charity worth LE1.5 billion to support health, education and infrastructure in…
Italy allocates LE55 million to revive maritime line with Egypt
October 26, 2013
Italy allocates LE55 million to revive maritime line with Egypt
Italy has allocated LE55 million to revive a maritime route with Egypt. Nagy Albert, chairman of the Egyptian-Italian Friendship Association, said…
Deputy PM says IMF loan unnecessary
October 26, 2013
Deputy PM says IMF loan unnecessary
Deputy Prime Minister Ziad Bahaa Eddin has said that Egypt does not currently need loans from the International Monetary Fund.Referring…
Sudan allocates two million acres to Arab investors for agriculture
October 25, 2013
Sudan allocates two million acres to Arab investors for agriculture
Sudan's Investment Authority has allocated an area of approximately two million acres for agricultural projects run by Arabs investors, namely…
Stock market capitalization up LE6 billion this week
October 25, 2013
Stock market capitalization up LE6 billion this week
Egyptian stock indexes collectively rose over this week, as the main stock index - the EGX30 - increased by 3.08…
Stock market indexes show mixed performance at end of week
October 24, 2013
Stock market indexes show mixed performance at end of week
Stock market indexes closed on Thursday showing mixed performance. While the main index EGX-30 rose, the EGX-70 index declined. The EGX-30 rose…
President adds LE60 bn from Gulf aid to state budget
October 24, 2013
President adds LE60 bn from Gulf aid to state budget
Interim President Adly Mansour has added LE60 billion from the US$12 billion Gulf financial aid package to the state budget. Cabinet…