Business
At least 15% of Banque du Caire shares to be offered for sale at $1 mln: former banker
September 6, 2023
At least 15% of Banque du Caire shares to be offered for sale at $1 mln: former banker
The Former Vice President of Banque Misr, Sahar al-Damaty, anticipates that around 15 to 20 percent of the shares of…
Egypt’s currency expected to be devalued after presidential elections
September 6, 2023
Egypt’s currency expected to be devalued after presidential elections
Former Assistant Finance Minister Sherine al-Shawarby on Tuesday announced that a new devaluation for the Egyptian pound is expected after…
Twenty oil wells drilled in the Zohr field, daily production at 2.2 billion cubic feet of gas: official
September 5, 2023
Twenty oil wells drilled in the Zohr field, daily production at 2.2 billion cubic feet of gas: official
Twenty oil wells have been drilled in the Zohr gas field while several others are currently being drilled, as the…
In a first, Egypt establishes real estate bourse
September 4, 2023
In a first, Egypt establishes real estate bourse
The government has announced the establishment of a bourse to promote the sale of real estate, taking advantage of the…
Eni plans to inject US$7.7 billion towards new investments in Egypt
September 4, 2023
Eni plans to inject US$7.7 billion towards new investments in Egypt
Italian company Eni plans to inject upwards of US$7.7 billion into new investments in Egypt during the next four years,…
UAE’s Global Investments Holding acquires 30% stake in Eastern Company for Tobacco
September 4, 2023
UAE’s Global Investments Holding acquires 30% stake in Eastern Company for Tobacco
The UAE’s Global Investments Holding company has agreed to acquire 30 percent of the total shares of the Eastern Company…
British Petroleum plans to invest $3.5 bln in Egypt’s oil and gas sector
August 29, 2023
British Petroleum plans to invest $3.5 bln in Egypt’s oil and gas sector
British Petroleum (BP) announced that it plans to invest about US$3.5 billion into the Egyptian oil and gas sector over…
US dollar price continues to stabilize in Egypt Monday
August 28, 2023
US dollar price continues to stabilize in Egypt Monday
On Monday the price of the US dollar continued to stabilize at Egyptian banks. The price of the dollar today…
In a historic first, Suez Canal makes $1 mln in revenues in an hour
August 28, 2023
In a historic first, Suez Canal makes $1 mln in revenues in an hour
The Suez Canal Authority recorded total revenues of one million dollars in an hour for the first time in the…
Egypt’s stock market hits highest historical peak ever, gaining LE 16.6 billion
August 28, 2023
Egypt’s stock market hits highest historical peak ever, gaining LE 16.6 billion
The Egyptian stock exchange ended Sunday’s trading at its highest historical peak ever, with market capital profit totaling LE 16.6…