News
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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.
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Egypts CIB increases capital by LE33 million
33 million to be distributed to employees through an Employee Stock Ownership Plan (ESOP) program.
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Egyptian riots put dent in Vodafone's growth
Vodafone's handling of the Egyptian riots led to an 80pc fall in its growth rate in the country, costing the telecoms giant millions.
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Egypt will regain composure, retain strength - Foreign Minister
Egypt will regain its composure and retain its economic & political strength regionally & internationally, said Foreign Minister on Sunday.
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GMC likely to double Q3 profit - Chairman
Mohammed Genidy, Chairman of GMC for Industrial Commercial & Financial Investments, expected to double Q3 net earnings quarter-on-quarter.
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Egypt reserves slip, analysts see slowing outflows
Egypt's net foreign reserves slipped to US$25.71 billion in July but economists said there was a slowdown in the rate of the decline.
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Naeem cuts Mobinil fair value to L.E 116.8
Naeem Holding cut Egyptian Company for Mobile Services (Mobinil) (EMOB) fair value to L.E 116.8 per share.
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Bank Misr re-launches 30 stumbling projects for Egyptian investors
Bank Misr agreed to re-launch such projects, after studying all the stumbling projects and determining the needs.
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How will the US credit rating downgrade affect Egypt?
The decision to cut US's top-tier credit rating by a notch could mean a hit for Egypt's stock exchange, foreign direct investment & overseas trade.
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Mobile phone May subscriptions up 28 pct
The number of mobile phone subscriptions in Egypt rose to 74.77 million in May, up 28 percent year-on-year, government figures showed on Saturday.
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Egypt minister says no more privatisations planned
State firms are not to be sold to investors, yet their nationalization is not an option either, in protection of social dimensions.
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Egyptian Stocks: Egyptian Resorts and National Co. for Maize
Egyptian Resorts Co. experiences the biggest intraday drop in almost two weeks, and National Co. for Maize Products retreats 3%.
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Egypt stocks tumble on US credit downgrade
152 stocks trading in the red, while only three are trading up.
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Egypt stocks tumble on US credit downgrade
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Egypt-Israeli ties face multiple economic challenges
After exporting gas to Israel for minimal prices, Sharaf enters price negotiations, while bilateral economy relations could be harmed.
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The problem with foreign aid
Foreign aid might not do much for the ordinary Egyptian, yet it might help prop up dictators.
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Hilton opens resort overlooking Red Sea in Marsa Alam
As Marsa Alam is emerging as a key leisure destination in Egypt, the resort is part of a mixed-use development.
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200 Million USD Mobilized for Grand Millennium Dam Project, Ethiopia
The project has created a diplomatic row between Ethiopia and neighboring Egypt, which is against the construction of the dam.
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Turkey, Egypt top buyers of Russian grain
SovEcon agricultural analysts estimated last week that Russia exported 2 million tonnes of grain in July, a record for the month.
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Egypt competition authority to be granted more power
Egypt's Competition Authority seeks more powers to confront monopolistic activities to help open the economy for much-needed activity.