News
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Ezz Steel drops to 2-Month low as trading resumes after halt
The stock retreated 4.6 percent to 9.21 Egyptian pounds at the 2:30 p.m. close in Cairo, the lowest level since May 17.
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Scientific research necessary for Egyptian development
The Egyptian stock market must take an active role in the financing of scientific research by encouraging member companies to fund.
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Vodafone faces pressure over Egypt protests
Campaigners will seek to use Vodafone's annual meeting on Tuesday.
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Local gold prices increase by LE2
Local market prices for gold increased by LE2 per one gram in the aftermath of the financial crisis that hit Europe and US.
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BG starts projects in Bolivia, Egypt to boost output
BG Group Plc started projects in Bolivia, Egypt and Kazakhstan and said they will contribute to a “strong ramp up” in production next year.
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Egypt's Bourse close on a small decline
Egypt's EGX30 close on a 0.63 per cent decline to reach 5,104 points as all sectors finished in red except Banking.
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Hermes submits final bid for Ahly Club’s restructuring today
EFG-Hermes Holding will convene today with the committee designated to select the financial advisor for the restructuring of Al-Ahly Club.
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Egypt’s Youm7.com website hacked
Egypt’s most read newspaper in terms of visitors, youm7.com, had its English edition hacked on Sunday early evening.
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Still in turmoil, Egypt loses billions in tourism dollars
Egyptian tourism officials say the country had lost more than $2.6 billion by the end of June.
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Poultry prices up ahead of Ramadan
The increase in food prices accelerated ahead of the holy fasting month of Ramadan, which starts on August 1, consumers complained on Sunday.
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New companies provide 1,529 jobs
The General Authority for Investment and Free Zones announced the establishment of 146 new companies and will be providing 1,529 jobs.
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Egypt to offer LE 3 bln in 3-yr bonds
Egypt's Finance Ministry will offer LE 3 billion ($503 million) in three-year bonds at an auction on August 1st, the central bank said on Sunday.
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FSA says Electrolux submits compulsory offer to buy Olympic
FSA sent a statement to EGX saying that a compulsory tender offer has been submitted by Electrolux to buy 100 % of Olympic Financial Investments.
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Price of Steel On the Rise
The Central Agency for Public Mobilization and Statistics in Egypt announced that the price of steel increased during the month of June.
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Egypt reviews planned bridge with Saudi Arabia
Egypt and Saudi Arabia plan to build one of the longest bridges in the world that would link the Kingdom with the Red Sea resort of Sharm El-Sheikh.
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Privatization of Egyptian companies halted
The Egyptian government has decided to cancel privatization of the business sector since companies sold to private owners show serious neglect.
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Egypt to invest $1 bil to drill oil, gas wells
Egypt’s Minister of Petroleum Abdallah Ghorab said that a plan is underway to explore for oil and natural gas in Sinai.
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Yahoo launches exclusive Ramadan website
In honor of the Holy Month of Ramadan, which falls on the first of August this year, Yahoo launched a Ramadan site as part of Yahoo! Maktoob.
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WB: Investors need decisive action from Egyptian government
The World Bank (WB) held a forum yesterday in order to discuss the situation in the Middle East after the incidents that have been happening.
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Sudan: Egypt builds new Khartoum Airport
Al-Nassr Construction Co., one of the Egyptian public business sector companies will to carry out the project of building the new Khartoum Airport.