Trade News
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'Future of Energy in Egypt' conference to be held 17 February
The day-long conference will address Egypt's growing energy crisis and attempt to find solutions appropriate to Egypt's developmental needs.
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Conference supporting Egyptian economy to be held in Kuwait
Preliminary conference to be held in last week of February for two days in Kuwait to discuss and present investment opportunities in Egypt.
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Wheat for Egypt stuck at Russian ports
The Russian government was forced to curb exports with informal limits and announced an export tax effective February 1.
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Dollar’s unofficial market still precedes official by EGP 0.16
$1 is EGP 7.59 on official market, EGP 7.75 on black market.
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Cypriot firms invited to bid for large projects in Egypt
The cooperation includes the use of Cyprus as a link between Egypt and the EU.
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Egypt boosts BLOM’s profits in 2014: Azhari
Azhari said that the lender’s conservative policy was one of the reasons that allowed BLOM Bank to maintain the same profits or increase them.
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US dollar rise to stop at EGP 8 before Economic Summit: FEI head
Reducing the gap between the official price and black market price will bring more dollars to Egypt, El Sewedy says.
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Egypt, Jordan sign contract for electric power exchange in 2015
The two countries are hoping to repair their national electricity grids.
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Egypt central bank widens band in which banks can trade dollars
The band moved to 10 piasters above or below the official rate, up from 3 piasters.
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Partnership deal in Egypt for UAE law firm Al Tamimi
The UAE has delivered several billion dollars’ worth of aid to Egypt in the past 18 months.
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Ties with Egypt to strengthen in coming months: Indian diplomat
A high profile delegation from India will come to Egypt to take part in the economic conference.
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Emaar Properties Targets Q2 For $270m Egypt Unit Float
Emaar Misr has a portfolio of investments in Egypt worth around 53 billion pounds.
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Agreement signed converting 2,000 cars to run on natural gas
210,000 cars running on natural gas, 180 supply stations and 74 conversion centers created between 2012 and 2014.
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Trading houses dominate in Egypt's $2.2 bln LNG tender
Egypt has emerged as a major new market for LNG as the government looks to ease the worst energy crunch in decades.
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Egypt sends Economic Summit invitation to US
The summit is aiming to introduce Egypt to the whole world through a new economic perspective.
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Emarati investor buys almost 3.5% share in Egypt Beltone
AlFirdous Holding raised holding in Beltone to 3.48%
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Egyptian pound records new official low of 7.43/dollar
The lowest level the Central Bank of Egypt allowed the pound to reach
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Egypt Awards $2.2 Billion LNG Tender
Egypt gives $2.2 billion tender to import 75 cargoes of (LNG) to 4 international firms.
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U.A.E. Says Egypt Subsidy Cut ‘First Step’ in Broader Strategy
Egypt raising fuel prices is the “first step” in a broader strategy to reduce subsidies and budget deficit
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Egypt growth to be 'easily north of 4 percent' in 2014-15: finance minister
the budget deficit would fall to between 10 and 10.5%of GDP from 12.5 to 12.6% in 2013-14.