Latest news
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France loans Egypt €7.15m to develop Taba International Airport
Loan scheduled to be repaid in 20 years, with six year grace period and 0.17% interest.
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10 firms to be listed in new year
In 2014, the EGX management listed 13 new firms in the main market and NILEX with a total capital worth 1.9 billion EGP.
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Index funds delayed to January, secondary market for bonds awaits consensus: EGX Chairman
Index funds allow for stock indexes to be exchanged as documents through funds run by professional fund management companies.
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New bid to acquire Arab Dairy offered, EFSA announces
Al-Nour made its offer to acquire 100% of Arab Dairy shares, with a minimum of 51% of its stakes, with the value of EGP 58 per share.
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Where will Egypt go as oil prices fall?
International oil prices are heavily declining in the Fiscal Year of 2014/2015 – how is Egypt affected economically?
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Egyptian shipments of wheat avert Russia's February new export duty
Russia is the third largest supplier of wheat to Egypt, itself the largest importer of wheat in the world.
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Citibank Egypt still studying banks’ offers to buy its consumer business
In October 2014, Citigroup announced it intends to exit its consumer business in Egypt, along with its businesses in 10 other countries.
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Egypt-China business council to launch investments in Egypt worth $250mn
The EJB and ECBC agreed to set up a number renewable energy projects as well as a phosphates chemical plant at a total cost of $150 million.
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Logistical center to protect Egypt from wheat market fluctuations
The Minister followed-up the supply of agreed-upon shipments of Russian wheat, which will arrive as of next January.
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Dubai Financial Market and Egypt agree on dual listings
Dubai’s agreement with MCCDRfollows a similar deal between Nasdaq Dubai and MCCDR last month.
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2014 best economic year since January 2011: CCESS
Following Morsi’s ouster on 30 June, government adopted austerity-style policies, Centre Head says.
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Off with those lights: Energy trouble drives innovation
A new online platform helps consumers track energy consumption as electricity costs climb.
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Samsung launches SONO School in Egypt
Samsung Electronics Egypt launches first Samsung SONO School in Egypt's Ultrasound Fetal Care Unit in Ain Shams University Hospital.
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India, Egypt to cooperate in science and technology sector
The two countries will arrange joint research and development projects, exchange of visits by scientists and training programs.
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MTZ to open office in Egypt in 2015
The company is also determined to increase the export of tractors to Sudan and tractor sets to the assembly enterprise in Algeria.
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Alstom pleads guilty of bribing officials in Egypt, KSA
The settlement announced by the Justice Department on Monday marks the largest-ever criminal fine levied by the United States.
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Presidential decree appoints board of trustees for ‘Long Live Egypt’ Fund
Other decrees raised military pensions by 15%, approved foreign loans to enhance electricity.
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Hotel occupancy rate to hit 40-60 percent
The occupancy rate at the New Year celebrations in Luxor and Aswan will not surpass 50 percent this year.
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Lower oil price ‘double-edged sword’ for Egypt
If oil prices remain low, it is likely that its Gulf patrons will be forced to reduce some of their funding.
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Egypt debt rally missed by outsiders shows El-Sisi challenge
T-bill rates have continued to plunge in the most indebted Arab nation behind Lebanon, even without foreign buyers.