Economy
Kuwait’s Al Ahli gets Egyptian c.bank nod to buy Piraeus Bank Egypt
August 5, 2015
Kuwait’s Al Ahli gets Egyptian c.bank nod to buy Piraeus Bank Egypt
Kuwait's Al Ahli Bank received approval from the Egyptian central bank to buy Piraeus Bank's unit in the North African…
Emaar Misr says Alabbar now non-executive chairman
August 5, 2015
Emaar Misr says Alabbar now non-executive chairman
Egyptian property developer Emaar Misr said in a bourse filing on Tuesday that Mohammed Alabbar was now non-executive chairman, after…
Egypt’s market gains LE3.7 billion on Tuesday, EGX30 rises 1.2%
August 4, 2015
Egypt’s market gains LE3.7 billion on Tuesday, EGX30 rises 1.2%
Egypt's market closed in the green zone on Tuesday's session, as the benchmark EGX30 index increased 1.17 percent, recording 8,181.95…
Egyptian pound steady at official auction, exchange bureaus
August 4, 2015
Egyptian pound steady at official auction, exchange bureaus
Egypt's central bank kept the Egyptian pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday after…
CEO: National Bank of Egypt postpones bond issue, to repay $600 mn
August 4, 2015
CEO: National Bank of Egypt postpones bond issue, to repay $600 mn
National Bank of Egypt will postpone a new bond issuance and repay $600 million of earlier bonds on Wednesday, its…
Brent oil price falls to lowest level since January
August 4, 2015
Brent oil price falls to lowest level since January
The price of Brent crude oil fell below $50 per barrel late on Monday, on weak Chinese economic data, slower global…
Emaar Misr says first-half net profit up 283% to $66.7 mn
August 4, 2015
Emaar Misr says first-half net profit up 283% to $66.7 mn
Egyptian property developer Emaar Misr said on Tuesday its first-half net profit jumped 283 percent to LE522 million ($66.67 million).Revenue…
Egypt awards five oil and gas concessions worth $100 mn
August 3, 2015
Egypt awards five oil and gas concessions worth $100 mn
Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about $100…
Egyptian Exchange, GAFI sign agreement on promoting EGX role
August 3, 2015
Egyptian Exchange, GAFI sign agreement on promoting EGX role
The Egyptian Exchange (EGX) has signed a memorandum of understanding with the General Authority for Investment and Free Zones (GAFI)…
Egypt’s market loses LE2.8 billion on Monday, EGX30 declines 0.9%
August 3, 2015
Egypt’s market loses LE2.8 billion on Monday, EGX30 declines 0.9%
Egypt's market extended its loses on Monday's session, as the benchmark EGX30 index went down 0.87 percent, recording 8,087.54points and…