News
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Egyptian Exchange launches new trading platform
The Egyptian Exchange (EGX) celebrated the launch of NILEX new trading system with a "Ringing of Bell Ceremony".
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Dana Gas to Discuss $1 Billion Bond Refinancing on Nov. 22
The company will discuss the status of its current projects in the United Arab Emirates, Egypt and Kurdistan, and future business opportunities.
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Middle East Tourism Ministers to run summit at ATM
UNWTO Secretary-General, Taleb Rifai commented: “The ongoing changes in the Middle East and North Africa bring enormous opportunities.
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Bajaj Auto launches Boxer 150 motorcycle in Egypt
The new motorbike has a customised design and technology, in accordance with the requirements of the Egyptian market.
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Egyptian tourism sector starts to recover?
Some 2.7 million people visited Egypt in the third quarter of this year, half-a-million more than those who came during the second quarter.
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Egypt gets budget help from Arab Monetary Fund
Egypt has so far received $1 billion in budgetary support from Gulf states to help cover its deficit which expanded after the uprising in February.
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Gas supplies to resume ‘next week’
Egyptian officials gave Amman assurances that pumping would resume within one week’s time, after the pipeline had been attacked for the seventh time.
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Egypt 2020 Dollar Bond Drops to Lowest Since May Before Poll
Egypt’s five-year credit risk rose five basis points to 475, the highest level on a closing basis in more than a month.
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Ghabbour goes far on three wheels in Egypt
The tuk-tuk has emerged as a durable solution to many Egyptians' transportation woes in the aftermath of the civil uprising.
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Orascom Development reports 3Q loss
The loss for the full nine months was 19 million Swiss francs after a 76 million net profit the year before.
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No tourist cancellations due to upcoming polls: Official
On the eve of Egypt's first post-revolution election, officials say it will be business as usual for the struggling local tourism sector.
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El Sewedy Jumps Most September After Returning to MSCI Index
The shares of the Cairo-based company climbed 3.1 percent, the biggest gain since Sept. 5, to 20.25 Egyptian pounds.
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$110 Billion Investments to Secure Power Until 2027
There will also be new extensions and lines up to 245,000 kilometers so the network's generation capacity may be up to 89,000 megawatt by 2027.
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Egypt to train more African engineers on power grid management
Egypt had already trained 4,130 engineers for the same purpose in the past few years.
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Russia stops Charter flights to Egypt as from this Sunday
No Russian tourists will arrive during the upcoming parliamentary elections, due to fear of the lack of security during the voting process.
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EFG-Hermes nine-month net profit slides - bourse
It made a profit of 738.3 million pounds in the same period a year earlier, the bourse said, without giving further details.
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For Arab Nations In Transition, U.S. Emphasizes Trade
Clinton has set up an office at the State Department to figure out ways to support the transitions in Tunisia, Egypt and Libya.
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Egypt bourse cancels Orascom Construction trades
Orascom said in a statement it would repay holders of bonds due for repayment in 2015 as it prepares for a reorganization of the group's ownerships.
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Egypt chooses high-profile counsel in gas deal arbitration
In the latest proceedings, EMG alleges that Egypt failed to supply gas it was contractually required to supply, due to attacks on the pipeline.
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Egypt industrial authority head denies suspension, confirms investigation
Hany El-Ghazaly says he is still performing regular duties, despite investigations into alleged violations in his working practices.