News
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Kuwait fund to lend Egypt $1.5 bln over next five years
The fund is the Kuwaiti government's agency for aiding developing countries in areas such as agriculture, transport and energy.
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Egypt's CIB board asks management to consider making offer for Citigroup retail ops
CIB said last month that Citigroup had opened its books for a due diligence process.
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Egypt to receive Gulf deposits in two weeks: Minister
Egypt's net international reserves stood at $15.5 billion at the end of February.
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Egypt ranks 3rd in World’s Richest Arabs list: Forbes Middle East
Egypt contributes five names to top 20 Richest Arabs list.
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Emaar's Egypt unit signals chairman role change ahead of float
This move comes ahead of Emaar Misr's stock market flotation, for which it filed a formal listing request with the regulator in February.
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Egypt’s budget deficit up 50.5 percent
The deficit reached LE 186BN during July-February 2014/2015, compared to LE123.6 billion during July-February 2013/2014.
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Egypt's stock market to close on April 12-13 for Easter, Sham El-Nessim
April 12 and 13 mark the Eastern Easter holiday and the beginning of spring.
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Egypt’s non-oil private sector remains in contraction in March: HSBC
HSBC released a survey on Sunday and the outlook is negative.
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Arabtec Profit On Egypt Project Won’t Exceed 7.5%
The company agreed terms last week with Egypt for the first phase of a $36.7 billion plan to construct one million homes across the country.
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Egypt's central bank says sells $281 mln in interbank market
The bank sold $420 million last month in the interbank market to meet similar demand for dollars.
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Egyptian contractors have lion’s share of awarded Saudi contracts: Head of EFCBA
The value of the contracts handled by Egyptian contractors in Saudi is no less than SAR 1.5bn ($400bn) over the past three years.
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New oil discovery in Western Desert
A well was drilled in the end of January and tests showed that it has layers of hydrocarbons.
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Red Sea governorate approves beginning of developments of Sheraton Hurghada Hotel
Governorate ends conflict with Saudi-Egyptian Co. providing construction works licence for hotel’s development.
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Egypt: Sisi Orders Launching Global Marketing Campaign for Suez Canal Projects
The President underscored the importance of developing a marketing plan for the mega project.
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France eases travel warnings to Egypt
France allows tourists to travel to Luxor and Taba, a move which it is hoped will boost the battered tourism sector.
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Egypt to look again at trading bonds on Cairo bourse: minister
Bonds were supposed to start trading on the stock exchange in the third quarter of last year.
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Arabtec, Egypt agrees terms on first phase of 1 mln homes project
Arabtec did not provide any details on how many phases were in the project or when it might conclude terms on building the remaining 900,000 units.
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London Stock Exchange welcomes Egypt’s Edita Food Industries
In addition to Edita there are a further ten Egyptian companies on London's markets with a combined market capitalisation of over $23bn.
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Egypt to begin LNG imports as floating terminal arrives
Hoegh signed a five-year contract with Egypt in November 2014 to provide the import terminal and the country has since agreed to a number of LNG import deals.
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Marketing, legal amendments needed for S.Sinai prosperity: Governor
Despite the natural beauty and historical significance of South Sinai, the governor of the world famous spot says that legal reform is needed to draw in more tourists.