Economy

Egyptian banks’ financial position rose 14.5% during July/February 2014/2015

Egyptian banks’ financial position rose 14.5% during July/February 2014/2015

The aggregate financial position of Egyptian banks, excluding the Central Bank of Egypt (CBE), rose by about LE263.5 billion or…
Egypt’s market loses LE5.4 billion on Sunday, EGX30 falls 1.5%

Egypt’s market loses LE5.4 billion on Sunday, EGX30 falls 1.5%

Egypt's market extended losses on Sunday, as the benchmark EGX30 index fell1.45 percent, recording 8,782.55 points and a turnover of…
Minister: Industrial projects with investments of LE76.6 billion approved in 10 months

Minister: Industrial projects with investments of LE76.6 billion approved in 10 months

Trade and Industry Minister Mounir Fakhry Abdel Nour declared the final approval of 2,347 expansions of industrial projects at costs…
Survey: Middle East funds negative on Saudi after oil slides

Survey: Middle East funds negative on Saudi after oil slides

Middle East fund managers have on balance become bearish on the region's biggest stock market,Saudi Arabia, after oil's rally ran…
Newspaper: Banks assisting Ahmed Ezz’s indebted companies

Newspaper: Banks assisting Ahmed Ezz’s indebted companies

Banks are actively assisting steel tycoon Ahmed Ezz to pull his companies out of debts with loans and other facilitations,…
Business sector’s debts reach LE90 billion

Business sector’s debts reach LE90 billion

Debt for business sector companies at the National Investment Bank has exceeded LE90 billion, according to Former Finance Minister Momtaz…
MIDEAST STOCKS: Egypt extends losses, Saudi Arabia flat

MIDEAST STOCKS: Egypt extends losses, Saudi Arabia flat

Egypt's market extended losses on Sunday in a broad decline, while Saudi Arabia's stock market moved very little.The Cairo index…
Somalia proposes agricultural investments in Egypt

Somalia proposes agricultural investments in Egypt

The Somali livestock and fisheries ministries have proposed an investment cooperation plan with Egypt by developing Somalia's agricultural sector and cultivating…
Egypt signs Sharm airport development loan agreement

Egypt signs Sharm airport development loan agreement

Minister of International Cooperation Naglaa Al-Ahwani and the Deputy Chairman of the African Development Bank for Infrastructure and Private Sector…
40% increase in Ramadan yameesh

40% increase in Ramadan yameesh

Ragab al-Attar, head of the spice dealers division at the Federation of Egyptian Chambers of Commerce (FEDCOC), revealed a 40…
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