News
-
CI Capital cuts Mobinil TP by to L.E 109/share
CI Capital said that Mobinil has come under pressure from an array of external factors which harshly affected its performance in 2011.
-
Egypt's gas pipeline fire put out
Egypt's gas pipeline fire was put out on Thursday, security sources at North Sinai said.
-
C&K hit by Egypt sales decline
While overall sales were looking “very healthy,” Egypt, the operator’s main destination in the region, had fallen by around 50%.
-
Egypt attempts to bring back tourists
In an attempt to entice tourists back, following rebellion and violence in recent months, Egypt and Tunisia have begun promotional campaigns.
-
Blast hits gas pipeline between Egypt, Jordan, Israel
An explosion hit the gas pipeline between Egypt, Israel and Jordan Thursday morning in Northern Sinai for the sixth time this year.
-
Central Bank of Egypt: Gold reserve reaches US $22 b
The Egyptian Gold reserve in the foreign exchange reached U.S. $2.743 bn from the total of the int'l foreign exchange, which costs U.S. $22.1bn.
-
Exporters eye recovery in turmoil-hit regions
Turkish exporters are getting big returns from the recovering Egyptian & Tunisian economies.
-
Market Report: Egypt stocks slip 0.15 per cent as traders continue Eid holiday
Volumes are low and sales flat on the Bourse, as investors make only a partial return to the market after five-day break.
-
OPIC Board Approves $150 Million for Investment in Egypt & Mena Region
OPIC's Board approved an investment guaranty to Citibank for a loan of up to $150 million to Citadel Capital.
-
Egypt Repo Bids Drop as Bond Demand Declines on High Yields
Egypt accepted bids for 6.2bn EGP in repurchase contracts, compared with 9.8 billion pounds in the last sale, as local investors needed less funding.
-
Egypt investing in telecom, boosting technology
Large investments are being made in the Egyptian telecommunications industry as the private and public sectors look to boost new technologies.
-
Egypt stocks continue rising during mid-session transactions
Egyptian stock market indexes continued to increase during the midday trading session on Wednesday November 9 due to Arab purchases.
-
Standard & Poor's maintains high-risk rating for Egypt banks
Agency says main danger for nation's banks comes from their operating environment and current political uncertainties.
-
Egypt to Host 2nd Arab Water Forum
The 2nd Arab Water Forum will start here under the patronage of the Arab League & the Egyptian Ministry of Irrigation on 20 until 23 November.
-
Egypt’s Central Bank Offer 8 Billion Pounds in Repos Today
The central bank accepted all of the 9.8 billion pounds in bids for the agreements, or repos, last week, the highest amount this quarter.
-
Chemical industries accounts for 25% of Egypt's exports and their investments to exceed USD 17 bn
Chemical industries in Egypt experienced substantial growth over the past years, as the volume of investments reached around EGP 35bn in 2011.
-
Deal agreed to build $120m Egyptian factory
Egypt's OCI & Italy's Maire Tecnimont announced a $120m agreement to build a fertiliser factory in the southern city of Aswan.
-
Egypt suffers economic losses from violence against women
A recent study noted that the Egyptian economy lost about 150 billion pounds over the last 50 years due to violence against women.
-
Egypt's NSGB 9-month net profit climbs 9 pct
Egypt's National Societe Generale Bank (NSGB) said on Wednesday net income for the first 9 months of 2011 rose 9% to 1.09 billion Egyptian pounds.
-
Egyptian Stocks: Orascom Development and Nile Cotton Ginning
Egypt’s benchmark EGX 30 Index (EGX30) advanced 0.5 percent to 4,446.18 at 11:51 a.m. in Cairo, heading for the highest close this month.