Economy
Egyptian banks’ financial position rose 14.5% during July/February 2014/2015
May 31, 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%
May 31, 2015
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
May 31, 2015
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
May 31, 2015
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
May 31, 2015
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
May 31, 2015
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
May 31, 2015
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
May 31, 2015
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
May 30, 2015
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
May 30, 2015
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…