Economy
Government seeks private sector participation to rescue state budget
May 30, 2015
Government seeks private sector participation to rescue state budget
Senior informed sources have revealed that the state budget for the fiscal year 2015/16 has yet to be finalized, as…
Negotiations with Saudi Arabia, Kuwait, Emirates to inject US$6 bn into Egypt
May 30, 2015
Negotiations with Saudi Arabia, Kuwait, Emirates to inject US$6 bn into Egypt
Investment Minister Ashraf Salman said the Cabinet has started negotiations with the Emirates, Saudi Arabia and Kuwait to inject US$…
Minister: Clearing, settlement to be conducted with stock market investors
May 29, 2015
Minister: Clearing, settlement to be conducted with stock market investors
Investment Minister Ashraf Salman has announced that the ministery is conducting a clearing and settlement with stock market investors with…
Switzerland’s Panalpina acquires its long-time Egyptian agent Afifi
May 29, 2015
Switzerland’s Panalpina acquires its long-time Egyptian agent Afifi
Switzerland-based supply chain solutions provider Panalpina will acquire its Egyptian agent Afifi, a highly respected family-owned company specializing in freight…
Egypt’s market loses $3.4 bn in a week, EGX30 down 0.85%
May 29, 2015
Egypt’s market loses $3.4 bn in a week, EGX30 down 0.85%
Egypt's market main index EGX30 declined 0.85 percent in this week, Egyptian Exchange data showed.Meanwhile, the EGX70 index and the…
Egypt’s GASC buys 240,000 tonnes Russian, Romanian wheat
May 28, 2015
Egypt’s GASC buys 240,000 tonnes Russian, Romanian wheat
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had bought 240,000 tonnes of…
Report: UAE investment in Egypt US$5 bn in first half of 2014
May 28, 2015
Report: UAE investment in Egypt US$5 bn in first half of 2014
The Egyptian Commercial Representative Office in the UAE announced that the size of UAE investments in Egypt amounted to US$5…
Fuel smart cards available across the country Friday
May 28, 2015
Fuel smart cards available across the country Friday
Fuel smart cards will be available for car owners across the republic starting Friday, the Finance Ministry said Thursday, noting…
Egypt’s market loses LE2.5 billion on Thursday, EGX30 down 0.6%
May 28, 2015
Egypt’s market loses LE2.5 billion on Thursday, EGX30 down 0.6%
Egypt's market closed on Thursday in the red zone for the third session in a row, as the benchmark EGX30…
Egyptian pound steady at official auction, on black market
May 28, 2015
Egyptian pound steady at official auction, on black market
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday, while…