Business
Housing Ministry offers land parcels in new cities for Egyptian expatriates
February 22, 2015
Housing Ministry offers land parcels in new cities for Egyptian expatriates
Housing Minister Mostafa Madbouly said the reservation of around 3,138 land parcels located in three new cities will start on…
Egyptian pound steady in official auction, weaker on black market
February 22, 2015
Egyptian pound steady in official auction, weaker on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Sunday while…
Minister: Egypt considers listing Food Industries Holding Company
February 22, 2015
Minister: Egypt considers listing Food Industries Holding Company
Egypt is considering listing the state-owned Food Industries Holding Company (FIHC) in a rare initial public offering (IPO) of shares…
Minister: New charter flights between Aswan and 3 Chinese cities
February 22, 2015
Minister: New charter flights between Aswan and 3 Chinese cities
Egyptian Minister of Tourism Hisham Zazou said on Sunday that the start of charter flights between Aswan and three Chinese…
Sources: Egypt’s Qalaa Holdings approves LE1.7 bn capital hike
February 22, 2015
Sources: Egypt’s Qalaa Holdings approves LE1.7 bn capital hike
Qalaa Holdings, one of Egypt's largest investment companies, has approved a share swap with subsidiary companies that equates to a…
Al- Sisi discusses increasing investments of Italy’s giant Eni in Egypt
February 21, 2015
Al- Sisi discusses increasing investments of Italy’s giant Eni in Egypt
President Abdel Fattah Al Sisi met on Saturday with Chief Executive Officer (CEO) Claudio Descalzi of Italy's giant oil company…
CEO: Orascom Construction says Egypt share offer will be priced in Egyptian pounds
February 21, 2015
CEO: Orascom Construction says Egypt share offer will be priced in Egyptian pounds
Orascom Construction said on Saturday that its sale of new shares in Egypt would be priced in Egyptian pounds, CEO…
Egypt, Israel agree to double QIZ exports to US to $2 billion within 3 years
February 21, 2015
Egypt, Israel agree to double QIZ exports to US to $2 billion within 3 years
Egypt and Israel agreed to double duty-free textile exports to the United States to $2 billion within three years, according Israeli…
Egypt, Japan to set up wind farm in Gabel El Zeit
February 20, 2015
Egypt, Japan to set up wind farm in Gabel El Zeit
Egypt and Japan International Cooperation Agency (JICA) signed a contract on Thursday to set up a 200-megawatt wind farm in…
Egypt’s market losses LE14.8 billion in a week, EGX30 drops 2.73%
February 20, 2015
Egypt’s market losses LE14.8 billion in a week, EGX30 drops 2.73%
Egypt's market main index EGX30 incurred losses 2.73 percent in a week recording 9,481.20 points, the Egyptian Exchange data showed.Meanwhile,…