Business
Ministry: Vodafone Egypt remains market leader with a 41.6 % share
January 29, 2015
Ministry: Vodafone Egypt remains market leader with a 41.6 % share
Vodafone Egypt remains the market leader with a 41.6 percent market share, followed by Mobinil with 35.1 percent and Etisalat…
Egyptian Exchange reshuffles EGX30 index effective first of February
January 29, 2015
Egyptian Exchange reshuffles EGX30 index effective first of February
The Egyptian Exchange (EGX) management decided to consent the amendments approved by the indices committee during the semi-annual periodic review…
FEI chief urges government to limit use of cash
January 29, 2015
FEI chief urges government to limit use of cash
Federation of Egyptian Industries (FEI) has said that increase of cash on markets would lead to its usage in terrorist…
EFG-Hermes: Egyptian Pound move likely to encourage portfolio flows
January 29, 2015
EFG-Hermes: Egyptian Pound move likely to encourage portfolio flows
Following the shift in monetary policy, the Egyptian Pound is now more likely to encourage portfolio flows as the move…
Nissan, Ford recall hundreds of thousands of cars
January 28, 2015
Nissan, Ford recall hundreds of thousands of cars
Nissan and Ford issued recalls of hundreds of thousands of cars Wednesday to address problem parts that could lead to…
Egypt’s market loses LE1.64 billion on Tuesday, EGX30 down 0.83%
January 28, 2015
Egypt’s market loses LE1.64 billion on Tuesday, EGX30 down 0.83%
Egypt's market main index declined 0.83 percent on Wednesday's session recording 9,863.73 points and a turnover of LE827 million, the…
UAE’s NBAD CEO declines comment on Citigroup’s Egypt consumer unit
January 28, 2015
UAE’s NBAD CEO declines comment on Citigroup’s Egypt consumer unit
The chief executive of National Bank of Abu Dhabi (NBAD) declined to comment on Wednesday on whether his bank had…
Banking expert criticizes CBE policy toward US dollar
January 28, 2015
Banking expert criticizes CBE policy toward US dollar
Banking expert Passant Fahmy criticized previous televised remarks by Central Bank Governor Hisham Ramez in which he said he would…
Egyptian Consulate in UAE invites 500 companies to March economic summit
January 28, 2015
Egyptian Consulate in UAE invites 500 companies to March economic summit
The Egyptian Consulate in Dubai and the Northern Emirates promoted the economic summit, scheduled to be held next March, by…
Trading houses dominate in Egypt’s 75 LNG cargo tender
January 27, 2015
Trading houses dominate in Egypt’s 75 LNG cargo tender
European energy trading houses have emerged as the big winners of a highly sought-after Egyptian tender to buy 75 liquefied…