Economy
Kuwait’s Al Ahli gets Egypt regulatory nod to buy Piraeus unit
August 20, 2015
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 (EFSA) to acquire a controlling stake in Piraeus…
UPDATE: Egypt to lower top tax rate and threshold, freeze capital gains tax, in two weeks, says finance minister:
August 20, 2015
UPDATE: Egypt to lower top tax rate and threshold, freeze capital gains tax, in two weeks, says finance minister:
Egypt will lower the top tax rate and threshold for companies and individuals in high income brackets and freeze a…
Govt: Tourism up 4.4% in June
August 19, 2015
Govt: Tourism up 4.4% in June
Tourism to Egypt increased by 4.4 percent in June, according to a government report which said the number surged from…
Central bank: Egypt to issue 600 mn euro 1-year T-bill
August 19, 2015
Central bank: Egypt to issue 600 mn euro 1-year T-bill
Egypt will issue a 1-year treasury bill worth 600 million euros to local and foreign financial institutions on Aug. 25,…
Egypt’s market loses LE8.5 billion on Wednesday, EGX30 down 2.1%
August 19, 2015
Egypt’s market loses LE8.5 billion on Wednesday, EGX30 down 2.1%
Egypt's market extended its heavy losses on Wednesday's session, as the benchmark EGX30 index fell 2.13 percent, recording 7,240.77 points…
MIDEAST STOCKS: Saudi stabilises, Egypt falls further
August 19, 2015
MIDEAST STOCKS: Saudi stabilises, Egypt falls further
Saudi Arabia's stock market appeared to be stabilising in early trade on Wednesday but Egypt's bourse fell further after moving…
Statement: Oriental Weavers denies monopolistic practices
August 19, 2015
Statement: Oriental Weavers denies monopolistic practices
Oriental Weavers, the world's biggest machine-woven carpet maker, said on Wednesday it was not engaging in monopolistic practices, a day…
Egypt watchdog accuses Oriental Weavers of monopolistic practices
August 18, 2015
Egypt watchdog accuses Oriental Weavers of monopolistic practices
Egypt's competition watchdog has accused carpetmaker Oriental Weavers of "monopolistic practices" and has referred it to the public prosecutor.It could…
Government to sell gold medals commemorating new Suez Canal
August 18, 2015
Government to sell gold medals commemorating new Suez Canal
The Finance Ministry’s public treasury issued gold medals commemorating the new Suez Canal last week that have been minted by the…
Egyptian pound steady at official auction, exchange bureaus
August 18, 2015
Egyptian pound steady at official auction, exchange bureaus
Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday, and the…