Business
Orascom Construction Industries acquitted of Tax Evasion
March 4, 2014
Orascom Construction Industries acquitted of Tax Evasion
OCI NV announced today that the Egyptian Public Prosecutor has fully exonerated the Company’s Egyptian subsidiary, Orascom Construction Industries SAE…
Egypt’s foreign exchange reserves rises to US$17.3 bn
March 4, 2014
Egypt’s foreign exchange reserves rises to US$17.3 bn
Egypt's foreign exchange reserves rose up to US$17.3 billion by the end of February, compared to $17.105 billion at the…
POLL-Egypt business activity flat in February -PMI
March 4, 2014
POLL-Egypt business activity flat in February -PMI
Business activity in Egypt was unchanged in February after the previous month's deterioration, a survey showed on Tuesday, a sign…
Stock market loses LE191 million
March 2, 2014
Stock market loses LE191 million
The performance of Egyptian stock market indexes varied by the end of Sunday session as Egyptian investors were inclined toward…
Egypt’s wheat imports not affected by Ukrainian incidents: GASC official
March 2, 2014
Egypt’s wheat imports not affected by Ukrainian incidents: GASC official
General Authority For Supply Commodities (GASC) Vice-Chief Mamdouh Abdel Fattah said Egypt’s wheat imports will not be affected by political…
Centamin gains controlling interest in Ampella Mining
February 27, 2014
Centamin gains controlling interest in Ampella Mining
Miner of gold in Egypt, Centamin’s off-market takeover offer for Ampella was free from all defeating conditions pursuant to a…
Beltone: Central Bank of Egypt to keep rates unchanged
February 27, 2014
Beltone: Central Bank of Egypt to keep rates unchanged
Cairo based investment bank Beltone Financial expects the state’s central bank (CBE) to keep policy rates unchanged at today’s meeting,…
Egypt participates in regional environmental conservation meeting
February 26, 2014
Egypt participates in regional environmental conservation meeting
A senior Egyptian delegation is participating in the sixteenth meeting of the Regional Organization for the Conservation of the Environment…
LE300 million loan from Japan to stabilize electricity in Upper Egypt
February 26, 2014
LE300 million loan from Japan to stabilize electricity in Upper Egypt
Egypt signed an LE300 million loan agreement on Wednesday with the Japanese International Cooperation Agency (JICA) for a regional electricity…
Hermes: Egypt Central Bank Likely to Remain on Hold Interest Rate
February 26, 2014
Hermes: Egypt Central Bank Likely to Remain on Hold Interest Rate
Hermes said in a report on Tuesday Egypt’s Urban consumer price headline inflation decelerated to 11.4 percent Yo-Y in January…