News
-
Egypt has 74.5 million mobile users
Egypt’s ministry of telecommunications indicates that mobile users in Egypt have reached 74.5 million people with Vodafone Egypt on top.
-
Egyptian output boosts results for TransGlobe
Rising production from its Egyptian oil properties & higher prices more than doubled earnings at TransGlobe Energy Corp. in the second quarter.
-
Egypt stocks resume trade, slip further
Egyptian stocks have resumed trading following a 30-minute freeze after the benchmark EGX30 dropped 5 per cent within a half-hour of opening.
-
Egyptian Economy to Contract 3.3% This Year, EFG-Hermes Says
Egypt’s economy may contract 3.3 percent this year, EFG-Hermes Holding SAE said, instead of the 2.5 percent it estimated in February.
-
Vodafone’s growth hit in the wake of riots in Egypt
Egyptian riots & Vodafone’s conceivably subsequent mishandling of its operations at the time had resulted in 80% drop in the telco’s growth rate.
-
Egypt exchange suspends trade after index slides
-
Egypt exchange suspends trade after index slumps
Share trading halted on the Egyptian Exchange on Tuesday after the benchmark index tumbled 5 percent.
-
Egypt share index tumbles 5 pct
Egypt's benchmark share index tumbled 5 percent to a fresh two-year low on Tuesday.
-
U.S. exporters sell corn to Egypt, wheat to unknown buyers
The corn is to be delivered in the 2010-2011 marketing year, which ends August 30.
-
African Development Bank Lends Egypt $550 Million, Mena Says
The African Development Bank agreed to lend Egypt $550 million to help finance a steam electric generator in Suez.
-
Minister: Jordan to agree on new Egyptian gas prices by October
An agreement on prices of Egyptian natural gas exports to Jordan is expected to be signed by October.
-
EGX 30 bleeds again today hurt by US credit downgrade
Egypt’s benchmark index EGX 30 slumped 2.04%, or 97.81 points, to close at 4701.08; its lowest level since April 8, 2009.
-
Egypt stocks struggle on global uncertainty
US and eurozone woes add to the stock exchange's domestic problems as high-caps slip again and push the main index down a further 2.04 per cent.
-
Stimulating innovation: An untapped resource for Egypt's economy
ICT enhances efficiency, but due to heavy outsourcing, Egypt's economy is not maximizing the gains that lie in the domestic workforce.
-
Official trade union federation rejects decision to disband it
An emergency assembly of the dissolved Egyptian Trade Union Federation (ETUF) on Sunday rejected a cabinet decision on Thursday.
-
Egypt's vantage geographical position enables its logistics market to thrive
The government has been unleashing initiatives to make Egypt a global logistics hub and encouraging foreign investment in various sectors.
-
Egypt Reprices Land Withdrawn From Tourism Developers, Mal Says
Egypt's Tourism Development Authority has set $5 to $12 as the new price range per square meter of land withdrawn from developers of tourist areas.
-
High price of wood may stop Damietta’s furniture industry
The price of raw materials used in the furniture industry increased, particularly the price of different kinds of imported wood.
-
Huawei says Egyptian mobile phone sales reach 100,000 units
30,000 handsets were sold directly to clients through mobile agents & 70,000 handsets were sold through mobile operators contracted to Huawei.
-
Egypts CIB increases capital by LE33 million
33 million to be distributed to employees through an Employee Stock Ownership Plan (ESOP) program.