News
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GMC likely to double Q3 profit - Chairman
Mohammed Genidy, Chairman of GMC for Industrial Commercial & Financial Investments, expected to double Q3 net earnings quarter-on-quarter.
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Egypt reserves slip, analysts see slowing outflows
Egypt's net foreign reserves slipped to US$25.71 billion in July but economists said there was a slowdown in the rate of the decline.
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Naeem cuts Mobinil fair value to L.E 116.8
Naeem Holding cut Egyptian Company for Mobile Services (Mobinil) (EMOB) fair value to L.E 116.8 per share.
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Bank Misr re-launches 30 stumbling projects for Egyptian investors
Bank Misr agreed to re-launch such projects, after studying all the stumbling projects and determining the needs.
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How will the US credit rating downgrade affect Egypt?
The decision to cut US's top-tier credit rating by a notch could mean a hit for Egypt's stock exchange, foreign direct investment & overseas trade.
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Mobile phone May subscriptions up 28 pct
The number of mobile phone subscriptions in Egypt rose to 74.77 million in May, up 28 percent year-on-year, government figures showed on Saturday.
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Egypt minister says no more privatisations planned
State firms are not to be sold to investors, yet their nationalization is not an option either, in protection of social dimensions.
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Egyptian Stocks: Egyptian Resorts and National Co. for Maize
Egyptian Resorts Co. experiences the biggest intraday drop in almost two weeks, and National Co. for Maize Products retreats 3%.
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Egypt stocks tumble on US credit downgrade
152 stocks trading in the red, while only three are trading up.
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Egypt stocks tumble on US credit downgrade
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Egypt-Israeli ties face multiple economic challenges
After exporting gas to Israel for minimal prices, Sharaf enters price negotiations, while bilateral economy relations could be harmed.
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The problem with foreign aid
Foreign aid might not do much for the ordinary Egyptian, yet it might help prop up dictators.
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Hilton opens resort overlooking Red Sea in Marsa Alam
As Marsa Alam is emerging as a key leisure destination in Egypt, the resort is part of a mixed-use development.
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200 Million USD Mobilized for Grand Millennium Dam Project, Ethiopia
The project has created a diplomatic row between Ethiopia and neighboring Egypt, which is against the construction of the dam.
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Turkey, Egypt top buyers of Russian grain
SovEcon agricultural analysts estimated last week that Russia exported 2 million tonnes of grain in July, a record for the month.
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Egypt competition authority to be granted more power
Egypt's Competition Authority seeks more powers to confront monopolistic activities to help open the economy for much-needed activity.
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Mubarak blames Tantawi for economy-damaging Internet cut
After being fined $90 million for damaging the economy through internet-cut, Mubarak and two former ministers blame Tantawi for taking the decision.
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'Aggressive' bid wins Romania wheat sale to Egypt
A look back at the history and development of the Egyptian economy, from Gamal Abdel Nasser, to ousted Mohamed Hosny Mubarak.
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Global Knowledge launches new headquarters in Egypt
While other companies draw back from investing in Egypt, Global Knowledge executes an expansion of its business.
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Egyptian stocks back above key psychological barriers
All three key indices rose above one per cent in the final trading day of the first week of the holy fasting month of Ramadan.