News
-
Egypt's market hits 20-month low, loses $2 bn
The EGX market capital lost LE15.46 billion (US$2 billion) on Sunday, hitting LE428.61 billion, compared to LE444.07 billion on Thursday.
-
Egypt looking for Indian investment, regional security cooperation
There are already over 50 Indian investors in Egypt and there was around $3 billion of private Indian investment in the north African country.
-
Dubai’s Arabtec denies withdrawing from mega Egypt housing project
The project was originally announced more than a year ago but it has not yet been launched.
-
Egypt's cabinet approves raising non-taxable income bracket
Up from LE5,000, taxable income will now start from LE6,500 per year.
-
Egypt to host Africa 2015 Business Forum
The forum will provide the platform needed for the public and private sector to network, discuss and further advance African business projects.
-
Jordan, Egypt discuss expanding trade, investment ties
The Cairo meeting was to follow up on the outcome of a meeting of the Joint Jordanian-Egyptian Higher Committee held recently in Amman.
-
Egypt approves $1.75bn maintenance deal with Siemens
The industrial giant agreed with the Egyptian government to establish a wind power plant and a new wind rotor blade factory.
-
Egypt's Ezz Steel says output hit by forex shortages
Egypt's largest steel maker Ezz Steel's first-quarter net loss increased to 136 m Egyptian pounds from 19 m pounds in the same period last year.
-
Aberdeen increases stake in Egypt's Juhayna to 5.1 pct
Aberdeen Asset Management increased its stake in Egyptian food firm Juhayna to 5.08 percent from 4.38 percent, the Britain-based fund company said.
-
Egypt's cabinet approves establishing authority for Suez Canal economic zone
The new General Authority for the Economic Zone in the North West Suez Gulf will oversee development and investment projects in an area of 460 sq km.
-
Egypt's Juhayna chairman barred from trading on Cairo bourse
A committee formed by the government issued a ruling to freeze the assets of Safwan Thabet due to alleged links to the banned Muslim Brotherhood.
-
Egypt, Saudi Aramco sign $1.4bn oil products deal
The deal stipulates that Egypt pay Aramco within a year.
-
Egypt tourist numbers rise 4 pct in June
Tourism inched up in June compared to last year, Egypt's state statistics body announced Wednesday.
-
Kuwait's Al Ahli gets Egypt regulatory nod to buy Piraeus unit
Kuwait's Al Ahli Bank received approval from the Egyptian Financial Supervisory Authority to acquire a controlling stake in Piraeus Bank's Egypt unit.
-
ECA’s accusations contradict CAPMAS reports on Oriental Weavers
Company intends to appeal decision to refer it to prosecution on charges of monopolistic practices.
-
Egypt's market continues to fall, hits lowest record in a year
Market bellwether, Commercial International Bank (CIB), dipped 3.16 percent to LE48.58 per share.
-
BAPETCo invests $415m in FY 2015/2016
Segment of investments will be allocated to implement projects aiming to increase oil and gas production.
-
Egyptian marketing company files complaint against Google
Egyptian Competition Authority investigated the matter, found that Google did not violate Protection of Competition Law as was claimed.
-
CIB seeks to attract Vodafone, Etisalat to Automated Clearing House service
CIB-Egypt serves ACH-Credit clients operating in 16 fields, including oil, telecommunications, e-marketing, cement, universities, electricity...etc.
-
Duet-CI Capital hires Amr Helal to head Egypt Opportunities Fund
Helal has joined from Abraaj Group and has 15 years of experience in private equity and financial services.