News
-
Orascom Construction Predicts Growth on Fertilizer Demand
Orascom Construction Industries, the Egyptian bidder for BASF SE's fertilizer unit, predicted that crop nutrient sales will continue to grow.
-
UNIDO, Metro Group Extend Alliance for Food Supplies
As a result of the joint UNIDO-Metro Group pilot project in Egypt, post-harvest losses were reduced, quality & safety of food products was improved.
-
US looks to give $330 million in aid to Egypt
The United States is looking to grant Egypt $330 million in aid, Ambassador to Egypt Anne Patterson told Egypt’s Finance Minister Hazem al-Beblawy.
-
OCI, Mobinil, Telecom Egypt, Kabo: Egyptian Equity Preview
The benchmark EGX30 Index gained 1.2 percent to 4,715.56 in Cairo.
-
Beltone cuts Mobinil to “hold” from “buy” after boycott campaign
The stock estimate was reduced 35 percent to 114 pounds by the Cairo-based investment bank.
-
Egypt's OCI Q2 net grows; sees bigger backlog
Egypt's Orascom Construction (OCI) posted a 15 percent rise in second-quarter net income on Tuesday and said it expected orders to grow this year.
-
Government proposed maximum wage 36 times the minimum
Wages would be set by an equation accounting for average inflation and an average wage growth of 10% annually over a 38-year career, Al-Beblawy said.
-
Tourism Ministry predicts losses of US$3 billion by year-end
“We made US$12.8 billion last year,” he said. “We will make about US$10 billion this year if nothing happens that affects the security situation.”
-
Egypt c.bank to offer 10 bln EG pounds in repos
Egypt's central bank said it will offer 10 billion Egyptian pounds in seven-day repurchase agreements in the money market on Tuesday.
-
Minister of Health announces salary increases
Minister of Health Amr Helmy announced a plan to raise the salaries of doctors and others working in the health sector.
-
Egyptian sugar plant worth $400 million for Port Said
Planned all-Egyptian funded facility will be country's largest sugar refinery, producing 500,000 tonnes per annum, say reports.
-
Foreigners pull Egypt stocks up
Egypt's main index gained 1.2 per cent Monday, traders said, with Egypt's benchmark index EGX 30 jumping to 4,715.56 points.
-
Egypt’s Local Borrowing May Backfire on Economy: Arab Credit
Egypt’s increased reliance on local lenders to finance its budget shortfall may stifle any economic recovery.
-
Local gold prices still increasing
Local gold prices are still soaring due to a global price hike, gold experts say.
-
Turkey's Limak wins bid to expand Cairo airport terminal
Egypt’s government has awarded Turkish Limak, a flagship company of Limak, with a $387 m contract to expand Cairo airport’s 2nd terminal.
-
Egypt stocks make 1.16 per cent gain
Egypt's stock market has closed Monday with the EGX30 main index up 1.16 per cent at 4,715 points.
-
Egypt Bank shows 30 failed projects to investors
Investors union & Egyptian banks adopted to reoperate the factories that stopped working in industrial areas, el-Sayed said.
-
Egypt sells 2- and 3-year bonds worth 5 bln EGP
The central bank sold 2.5 billion EGP of reopened 2-year bonds maturing on July 26, 2013 and another 2.5 billion of reopened 3-year bonds on Aug. 2.
-
OCI of Egypt Heads for Biggest Gain in 3 Weeks Before Results
The shares of the Cairo-based company climbed 1.4% to 243.26 EGP at 12:18 p.m. in Cairo, poised for the biggest daily gain since Aug. 17.
-
11th Sep, ELSWEDY ELECTRIC free stocks last date
ELSWEDY ELECTRIC - (SWDY) announced that it would raise its issued capital from LE 1718.6 million to LE 2234.18 million.