Business
Egyptian pound steady at dollar sale, exchange bureaux
September 8, 2015
Egyptian pound steady at dollar sale, exchange bureaux
Egypt's central bank kept the pound steady at a dollar sale on Tuesday, selling $37.8 million at a cut-off price…
Economic ministerial group considers devaluation of Egyptian pound: Minister
September 8, 2015
Economic ministerial group considers devaluation of Egyptian pound: Minister
Investment Minister Ashraf Salman announced that the ministerial economic group is seriously considering the devaluation of the Egyptian pound in…
Ernst & Young: Egyptian market has promising opportunities for acquisitions and mergers
September 8, 2015
Ernst & Young: Egyptian market has promising opportunities for acquisitions and mergers
Midhat Afifi, financial advisor to Ernst & Young, has said that investment in Egypt requires unconventional ideas, as well as…
Russia to sell Egypt cancer drug
September 8, 2015
Russia to sell Egypt cancer drug
The Russian Industry Ministry announced on Monday that the Russian BIOCAD company and the Egyptian Pharma Group signed a contract for…
Former finance minister: Dangers facing Egyptian economy becoming less intense
September 8, 2015
Former finance minister: Dangers facing Egyptian economy becoming less intense
Former Finance Minister Ahmed Galal has said that the Egyptian economy can grow by between 4 and 4.5 percent with…
Outsourcing is the telecommunications sector’s tool for attracting investment
September 8, 2015
Outsourcing is the telecommunications sector’s tool for attracting investment
Egypt is a leader in outsourcing, a main tool for investment in the telecommunications and information technology sector. In the…
Fate of 4G mobile phone license still unknown after 6-year study
September 8, 2015
Fate of 4G mobile phone license still unknown after 6-year study
The fate of the 4G mobile phone license, the largest project in the Egyptian telecommunications sector, is still unknown after…
Hikma says to buy Egyptian pharma firm EIMC United
September 8, 2015
Hikma says to buy Egyptian pharma firm EIMC United
Hikma Pharmaceutical Plc said it would buy nearly the entire share capital of EIMC United Pharmaceuticals, a drugmaker specialising in…
Egypt’s finance minister says new gas find won’t hurt reform
September 7, 2015
Egypt’s finance minister says new gas find won’t hurt reform
Egypt's finance minister says that the discovery of a massive new offshore natural gas field will not slow down his…
Egypt’s market loses LE5.8 bn on Monday, EGX30 declines 1.5 %
September 7, 2015
Egypt’s market loses LE5.8 bn on Monday, EGX30 declines 1.5 %
Egypt's market closed in the red zone on Monday's session, as the benchmark EGX30 index went declined 1.48 percent 7,166.6…