Business
Egypt watchdog accuses Oriental Weavers of monopolistic practices
August 18, 2015
Egypt watchdog accuses Oriental Weavers of monopolistic practices
Egypt's competition watchdog has accused carpetmaker Oriental Weavers of "monopolistic practices" and has referred it to the public prosecutor.It could…
Government to sell gold medals commemorating new Suez Canal
August 18, 2015
Government to sell gold medals commemorating new Suez Canal
The Finance Ministry’s public treasury issued gold medals commemorating the new Suez Canal last week that have been minted by the…
Egyptian pound steady at official auction, exchange bureaus
August 18, 2015
Egyptian pound steady at official auction, exchange bureaus
Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday, and the…
MIDEAST STOCKS: Background remains gloomy for Gulf markets
August 18, 2015
MIDEAST STOCKS: Background remains gloomy for Gulf markets
Gulf stock markets may face more pressure on Tuesday after oil prices fell again and global equities slipped.Brent oil futures…
Egypt, NAFTA to discuss economic cooperation Tuesday
August 17, 2015
Egypt, NAFTA to discuss economic cooperation Tuesday
A roundtable will be held Tuesday at the international business center of the Smart Village with member states of the…
Egypt’s market loses LE5.7 billion on Monday, EGX30 down 0.4%
August 17, 2015
Egypt’s market loses LE5.7 billion on Monday, EGX30 down 0.4%
Egypt's market closed in the red zone on Monday's session, as the benchmark EGX30 index went down 0.42 percent, recording…
Study: Lower Internet prices ensure increase in customer acquisition
August 16, 2015
Study: Lower Internet prices ensure increase in customer acquisition
Reducing Internet prices could ensure an increase in the number of customers served to over 50 percent of the population…
Egyptian pound steady at official auction, weaker at exchange bureaux
August 16, 2015
Egyptian pound steady at official auction, weaker at exchange bureaux
Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Sunday, and the…
SCA: 4-year delay in digging Port Said Canal cost US$1.9 bn
August 16, 2015
SCA: 4-year delay in digging Port Said Canal cost US$1.9 bn
The delay in the excavation of the eastern Port Said canal, which was supposed to have been completed in 2011,…
Egypt’s Medinet Nasr Q2 net profit up at LE62.42 mn
August 16, 2015
Egypt’s Medinet Nasr Q2 net profit up at LE62.42 mn
Egyptian property developer Medinet Nasr reported second-quarter net profit of LE62.415 million ($7.97 million), up from LE55.180 million in the…