News
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Egypt stocks plunge on global and domestic turmoil
A sluggish world economy comes on top of political woes to push Egypt's troubled Bourse to a new 2-month low.
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Egyptian Prime Minister’s Words Fail to Satisfy Protesters
Egyptian protesters continued sit- ins in Cairo and other cities, not satisfied with Prime Minister Essam Sharaf announcement.
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Egypt's Market Skids Another 3% As Unrest Grows
Continued political unrest caused Egypt’s benchmark stock index to decline further on Monday, with added pressure coming from the selloff.
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UAE to support Egypt's economy with USD3b
The Egyptian finance minister, Samir Radwan, stated that the UAE plans on giving Egypt a financial aid worth USD3 billion
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China supports Egypt by investing $20 b
The Egyptian revolution did not stop Chinese exports from coming into Egypt & China is directly and indirectly investing in Egypt more than $20 b.
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Cairo Investment eyes strategic partner to complete expansions
Cairo Investment & Real Estate Development - (CIRA) considers many restructuring offers in Egyptian market.
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Egyptian pound strengthens on renewed foreigner interest
A lower budget deficit and improved ratings are helping foreign investors build an appetite for Egyptian debt.
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Egypt's Citadel appoints Citigroup as adviser
Egyptian private equity firm Citadel Capital has appointed Citigroup Inc as a financial adviser.
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$200 million loan from World Bank to Egypt
The World Bank announced approval to lend Egypt $200 million to improve sanitation and sewage infrastructure, particularly in rural areas.
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Egypt’s Ministry of Finance studies procedures for financial stability
Financial stability may be achieved by reducing the general budget total debt to 60 to 65 percent of GDP by the year 2016.
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Changes to Egyptian company licences will spur investment: minister
Industrial authority reforms to be announced this week may involve simplifying the procedure for granting new companies licenses.
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EU farm-product ban adds to Egypt's woes
The EU ban blocks more than 10% of Egyptian agricultural exports and the health concerns raised by the link to E. coli could have a wider impact.
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Egypt's Suez Canal June revenue up at $445.2 m
Revenue from Egypt's Suez Canal rose 16 percent year on year to $445.2 million in June.
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ARTOC Group, others acquire 5% of Sheeni shares at EGP 7/shr
ARTOC Group acquired 1.17 million shares through Watheeqa Securities Brokerage and Prime Securities.
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Egypt’s gas pipeline to Israel to be ready by week end
Repairs on an Egyptian pipeline supplying gas to Israel and Jordan are expected to be completed by the end of the week.
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Businessmen asking to activate incentives for investment
Egyptian businessmen aim to increase trade exchanges and job opportunities, which will decrease rates of unemployment.
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Egypt has new information minister
In continued efforts to overhaul the interim government, Egypt appointed a new information minister on Saturday.
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Egypt sells T-bills worth 5.5 bln EGP, as planned
Egypt's central bank said it sold 5.5 billion Egyptian pounds ($923.656 million) in domestic treasury bills on Sunday.
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Egypt's annual inflation eases but monthly food prices edge up
Food and drink prices are up month-on-month while the traditional surge in consumption during Ramadan may spur further rises, say experts.
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Egypt urges Egyptian expats to support economy
The Ministry of Foreign Affairs has urged Egyptian citizens abroad to support Egypt's economy through directing investments to development projects