Economy
Egypt’s market gains LE3.5 billion on Sunday, EGX30 rises 1.3%
June 28, 2015
Egypt’s market gains LE3.5 billion on Sunday, EGX30 rises 1.3%
Egypt's market achieved gains during Sunday’s session, as the benchmark EGX30 index rose 1.26 percent , recording 8,511.98 points and…
Minister: No increase in subsidy allocated for exports
June 27, 2015
Minister: No increase in subsidy allocated for exports
Trade and Industry Minister Mounir Fakhry Abdel Nour said allocations for subsidized exports will not increase in the 2015-2016 budget,…
PM urges finalizing design of Damietta furniture city
June 26, 2015
PM urges finalizing design of Damietta furniture city
Prime Minister Ibrahim Mahlab urged during ministerial meeting to swiftly finalize the designs of the Damietta projects and selecting suitable…
Egypt’s market loses LE4 bn in week, EGX30 index down 2%
June 26, 2015
Egypt’s market loses LE4 bn in week, EGX30 index down 2%
Egypt's stock market has witnessed losses of LE4 billion this week, and all indexes were down, Egyptian Exchange data showed. The…
Sources: Egypt’s Banque Misr in talks with banks for dollar loan
June 25, 2015
Sources: Egypt’s Banque Misr in talks with banks for dollar loan
Banque Misr, Egypt's second-largest state lender, has invited banks to pitch for arranger roles on a potential dollar-denominated syndicated loan,…
Egyptian property company Emaar Misr’s IPO heavily subscribed
June 25, 2015
Egyptian property company Emaar Misr’s IPO heavily subscribed
Emaar Misr, the Egyptian arm of Dubai real estate developer Emaar Properties , said on Thursday that the second tranche…
Egypt’s market loses LE760 million on Thursday, EGX30 down 0.6%
June 25, 2015
Egypt’s market loses LE760 million on Thursday, EGX30 down 0.6%
Egypt's benchmark EGX30 index on Thursday went down by 0.6 percent , recording 8,406.17 points and a turnover of LE795…
Mobile phone traders complain about keeping cargo containers in harbors
June 25, 2015
Mobile phone traders complain about keeping cargo containers in harbors
Mobile phone traders division of Cairo Chamber of Commerce has called on the customs authority to release the cargo containers…
Egyptian pound steady at official auction and on black market
June 25, 2015
Egyptian pound steady at official auction and on black market
Egypt's central bank kept the pound's exchange rate steady at 7.53 to the dollar at a foreign exchange auction on…
Egypt denied new loans due to misusing previous ones
June 25, 2015
Egypt denied new loans due to misusing previous ones
Egypt has been denied fresh loans by international lenders, due to failing to employ past loans for the use of…