Business
Antitrust Authority Chief: Oriental Weavers controls 90% of the market
August 21, 2015
Antitrust Authority Chief: Oriental Weavers controls 90% of the market
Mona al-Garf, head of the Antitrust Authority, said in an Interview with Al-Masry Al-Youm that the Oriental Weavers company has…
UAE company to invest $1.5 bn for development of Gulf of Suez
August 21, 2015
UAE company to invest $1.5 bn for development of Gulf of Suez
The South Valley Petroleum Holding Company has signed a memorandum of understanding with the UAE company Enma Al Ain to…
Vodafone drops out of bidding for Lebanese mobile contract
August 21, 2015
Vodafone drops out of bidding for Lebanese mobile contract
Vodafone Group has scrapped its interest in obtaining a management contract to run one of Lebanon's two state-owned mobile operators,…
UPDATE: Egypt looking to Jordan for LNG cargoes, say traders
August 21, 2015
UPDATE: Egypt looking to Jordan for LNG cargoes, say traders
Egypt is seeking liquefied natural gas (LNG) from Jordan, three traders told Reuters on Friday, as the two neighbours bolster…
Juhayna’s chairman barred from trading on Cairo bourse -sources
August 21, 2015
Juhayna’s chairman barred from trading on Cairo bourse -sources
The chairman of Juhayna, Egypt's largest dairy products and juices producer, has been barred from trading on the Cairo bourse…
Suez Canal commemorative coins issued before August end
August 20, 2015
Suez Canal commemorative coins issued before August end
The Finance Ministry will issue commemorative coins before the end of this month celebrating the inauguration of the New Suez Canal, a…
Govt sugar company: losses at LE100 m due to imports
August 20, 2015
Govt sugar company: losses at LE100 m due to imports
A government-owned sugar company said it has endured millions of pounds in losses this year due to rising sugar imports. Abdel…
Egypt’s market loses LE3.6 billion on Thursday, EGX30 down 0.94%
August 20, 2015
Egypt’s market loses LE3.6 billion on Thursday, EGX30 down 0.94%
Egypt's market extended its heavy losses on Thursday's session, as the benchmark EGX30 index went down 0.94 percent, recording 7,172.63…
Aberdeen increases stake in Egypt’s Juhayna to 5.1 pct
August 20, 2015
Aberdeen increases stake in Egypt’s Juhayna to 5.1 pct
Aberdeen Asset Management increased its stake in Egyptian food firm Juhayna to 5.08 percent from 4.38 percent, the Britain-based fund…
Egyptian pound steady at official auction, weaker at exchange bureaus
August 20, 2015
Egyptian pound steady at official auction, weaker at exchange bureaus
Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Thursday, and the…