News
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Egypt court rules antitrust watchdog ECA authorised to investigate mobile companies
The case was filed by Orange Egypt, who claimed that the ECA did not have the right to refer telecommunication companies to court.
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Egypt’s long-term trade outlook positive despite current challenges
HSBC Egypt Trade report stated that China, India, and Bangladesh projected to be fastest growing export markets in 2021-2030.
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Egypt bourse surges to fresh eight-year high, Gulf markets diverge
Twenty-seven of the 30 most liquid Egyptian shares rose, taking the index to a fresh eight-year high.
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Mercedes to visit Egypt to explore investment opportunities in local market
The economic reform programme spreads confidence among international companies and increases the chances of them investing in Egypt, says Kabil.
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US dollar passes the LE19 mark
The increase is the single highest shift after the stability that lasted three days at the national banks.
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Egypt plans $2.5-3 billion Eurobond by mid-January
Egypt planned to begin a road show for its initial Eurobond issuance in November but later said this may be delayed due to market volatility.
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Switzerland unblocks 180m francs frozen in Egypt probe
Criminal investigations against six unnamed persons are now underway, the OAG said in a statement, while 430 million francs remains frozen.
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When will the Egyptian market stablize?
What we see happening now is normal, but we’re not used to it due to the fixed price of the Egyptian pound, say analysts.
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AfDB approves $500 million loan payment to Egypt
The loan is the second of three expected disbursals.
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US dollar exchange rate surpasses LE18
In the CIB, the sale price for the US dollar reached LE18.60 on Wednesday morning.
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Egypt ICT minister in talks with Nokia and Finnish officials
The talks are in order to enable technological solutions in various sectors, including aquaculture.
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Egypt pound drops to lowest rate against dollar since 3 November
The country's foreign reserves stood at $23 billion by the end of November.
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Telecom Egypt says no decision yet on Vodafone Egypt stake sale
Telecom Egypt has 45% stake in Vodafone Egypt.
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Rosneft buys stake in Egypt offshore gas project from Eni for $2.8 bln
The board approved the purchase of a 30%-stake in the concession agreement regarding the Shoruk bloc in Egypt.
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Egypt's Economy Suffers As Inflation Hits 8-Year High Amid Weaker Currency
Other factors behind the sharp rise in inflation include higher fuel prices and the introduction of a value-added tax.
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How will Egypt’s stock market react to recent bombings?
Recent worldwide events, including the Istanbul bombing, will shield the Egyptian stock market from any potential repercussions of the church bombing.
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An integrated concept that will change the shape of Egypt’s business climate
Business parks in Egypt are considered a modern business in the real estate sector.
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Production from Rosetta gas field to cease in July
The company refused to pay for developments to offset the natural decline in production.
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Jordan, Egypt discuss economic, trade ties
The two ministers agreed on developing cooperation and maximizing the benefit from available opportunities in each country.
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Busy lawyers put Egypt economy overhaul on notice
Bankruptcy lawyers receive a flurry of phone calls since authorities abandoned currency controls and raised energy prices to ease dollar shortage.