Business
CBE : Egyptian banks’ credit reach to LE2.3 trillion during July/ Oct 2014/15
January 12, 2015
CBE : Egyptian banks’ credit reach to LE2.3 trillion during July/ Oct 2014/15
Egyptian Banks’ credit balances moved up by LE 27.9 billion or 4.7% to reach LE2.29 trillion during July/Oct . 2014/2015,…
Egypt’s Bisco Misr shareholders agree to sell $125 mln worth of shares to Kellogg, bidding ends
January 11, 2015
Egypt’s Bisco Misr shareholders agree to sell $125 mln worth of shares to Kellogg, bidding ends
Shareholders controlling 86 percent of shares in Egyptian biscuitmaker Bisco Misr agreed to sell their shares to U.S. firm Kellogg…
Refining company saves LE2.1 bn to state budget
January 11, 2015
Refining company saves LE2.1 bn to state budget
The Egyptian Refining Company (ERC), affiliated to Capital Group, said it has received a shipment of equipment and heavy machinery,…
Oil minister: Egypt to finalise Gazprom LNG deal this month
January 11, 2015
Oil minister: Egypt to finalise Gazprom LNG deal this month
Egypt will complete an agreement with Russia's Gazprom for the company to supply it with liquefied natural gas (LNG) shipments…
Minister: Foreign investment in Egypt will reach about $2 bn in second quarter
January 11, 2015
Minister: Foreign investment in Egypt will reach about $2 bn in second quarter
Foreign investment in Egypt will reach about $2 billion in the second quarter of the fiscal year, up from $1.8 billion dollars…
Egypt’s market loses LE2.35 billion on Sunday, EGX30 down 0.41 %
January 11, 2015
Egypt’s market loses LE2.35 billion on Sunday, EGX30 down 0.41 %
Egypt's market declined Sunday's session with EGX30 closing 0.41% down recording 8,909.75 points and a turnover of LE203million.Meanwhile, the EGX70…
Egyptian pound steady in official market, stronger on black market
January 11, 2015
Egyptian pound steady in official market, stronger on black market
The Egyptian pound was unchanged at a central bank dollar sale on Sunday and slightly stronger on the black market.The…
Egypt receives multi-national investment offers for grain project
January 10, 2015
Egypt receives multi-national investment offers for grain project
Egypt has been offered Russian, Spanish and Italian investments for the international grains hub it seeks to establish in Damietta. Minister…
Italy’s Eni signs new concession agreement in Egypt
January 9, 2015
Italy’s Eni signs new concession agreement in Egypt
Eni an Italian multinational oil and gas company said on friday it signed a new concession agreement to operate in…
Circle Oil receives $15 mln payment from Egyptian government
January 9, 2015
Circle Oil receives $15 mln payment from Egyptian government
Oil and gas explorer Circle Oil said on Friday it had received a $15 million payment from the Egyptian government…