News
-
Central bank: Gold pound reaches 2174 EGP in July
The price of a Gold Egyptian Pound rose 2.8 percent last July to 2173.7 EGP ($364.71), according to the latest report from the Central Bank of Egypt.
-
Nielsen: Q2 Global Ad Spending Growth Down
Egypt, which experienced a political leadership coup this spring posted the biggest decline at -52%.
-
Egypt's external debt rises annual 3.6 per cent: Central Bank
A dip in value for the Egyptian pound pushed the country's debt up to $35 billion in June 2011, according to new data.
-
Egyptian tech turns rice straw into paper, insecticide
A new chemical pulping technology could eliminate waste by turning rice straw into paper and provide a cheap insecticide to control mosquitoes.
-
Quality cloud over fresh Ukraine-Egypt wheat trade
The Ukrainian Agrarian Confederation on Monday raised hopes that Egypt would restore Ukraine to its list of approved suppliers.
-
Egypt Dollar Bond Falls on Tantawi Comments, FDI Decline
Egypt’s 2020 dollar bond dropped after foreign direct investment slumped.
-
First 'Cairo WoodShow' to showcase stability of Egypt's wood and wood working machinery segment
The Egyptian wood working sector is now confident that the country's move towards economic recovery will help usher in more opportunities.
-
FAIR conference aims to boost insurance industry
Egypt is hosting the 22nd Federation of Afro-Asian Insurers and Reinsurers (FAIR) conference this year.
-
Russia increased grain exports to Egypt and Turkey
At the same time, Egypt (846.2 thsd tonnes) and Turkey (275.6 thsd tonnes) still were the major directions of wheat exports from Russia.
-
Telekom Austria worried may be bid target for Egypt's Sawiris
Telekom Austria is concerned that it may be the target of a hostile takeover bid from an Egyptian businessman.
-
Finance Minister: Borrowing is the solution for financial crisis
Local or foreign borrowing is the immediate solution to the financial crisis in Egypt, Finance Minister Hazem al-Beblawy said on Sunday.
-
Orascom Development, Orascom Telecom: Egyptian Equity Preview
Orascom Development Holding AG: The Swiss developer of resorts in Europe and the Middle East said it received reservations valued at $11 million.
-
Kingdom to hire 30,000 Egyptians for Haj work
An agreement has been reached to recruit 30,000 workers from Egypt to work during the upcoming pilgrimage, Haj Ministry sources said on Sunday.
-
Egypt's TMG plans to invest $3bn over 3 years
Egyptian property developer Talaat Moustafa Group plans to spend EGP18bn on its two main projects in the next three years.
-
Wragge & Co has advised lenders BNP Paribas & HSBC on a £31m cross-border deal
The funds will be used to finance further development of Sea Dragon’s two petroleum concessions in Egypt.
-
New EGX20 index launches today
Egyptian Finance Minister Hazem al-Beblawy and Chairman of the Exchange Mohammed Omran opened the exchange this morning.
-
AAIB recognized as best investment bank in Egypt
The Arab African International Bank has been recognized by New York-based Global Finance magazine as the best investment bank in Egypt for 2011.
-
Egypt up on relief rally; Gulf markets muted
Egypt's main index rose 1.4 percent after dropping around 5 percent last week to reach a 29-month low ahead of the Friday demonstration.
-
Egypt T-bill yields fall at $1bn auction
Egyptian Treasury bill yields retreated at an auction on Sunday after having shot above 13 percent last month.
-
Egypt 'committed to free market' after investor fears
Beblawy said on Sunday that his country was committed to a free market economy, after the ownership of three companies was returned to the state.