Business

Egyptian stock exchange suffers fifth worse loss on record

Egyptian stock exchange suffers fifth worse loss on record

The Egyptian stock exchange on Wednesday lost more than LE10 billion, the fifth biggest one-day loss in the country's history.
Flights between Egypt and Libya resume

Flights between Egypt and Libya resume

Flights between Egypt and the eastern Libyan city of Benghazi have resumed, an airport official said on Tuesday, with plans…
Egypt’s OCI to develop Palm Hills property project

Egypt’s OCI to develop Palm Hills property project

Egypt's Palm Hills Development, the country's second-biggest listed developer, said Orascom Construction (OCICq.L) had won the development contract for a…
Egyptian airports recover 80% of activity

Egyptian airports recover 80% of activity

The Egyptian Airports Company said Monday that domestic aviation has been restored to 80 percent of its former activity, and…
Cabinet approves amendments to antitrust laws

Cabinet approves amendments to antitrust laws

The cabinet has approved amendments to the antitrust law, granting the government the right to set prices of certain basic…
Egypt’s Orascom Telecom renews Bangladesh license

Egypt’s Orascom Telecom renews Bangladesh license

Egypt's telecom giant Orascom Telecom Holding says its Bangladeshi subsidiary Banglalink has been approved a 15-year license to continue operating…
Egypt mobile phone June subscriptions up 30 pct

Egypt mobile phone June subscriptions up 30 pct

The number of mobile phone subscriptions in Egypt grew 30 percent from a year earlier to 76.43 million as of…
Dubai World reopens Ain Sokhna port in Egypt

Dubai World reopens Ain Sokhna port in Egypt

Dubai port operator DP World has reopened its Ain Sokhna port in Egypt after a temporary shutdown caused by labor…
Finance minister: Subsidies are Egypt’s greatest enemy

Finance minister: Subsidies are Egypt’s greatest enemy

Subsidies are Egypt's greatest enemy in the transitional period, Finance Minister Hazem al-Beblawy has said, claiming that the government is…
Dubai World sets conditions for resumption of work at Sokhna Port

Dubai World sets conditions for resumption of work at Sokhna Port

Port operator DP World, owned by Dubai World, on Saturday laid down several conditions for the resumption of work at…
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