Egypt Independent
Egypt’s market loses LE13.8 bn during mid-session, EGX30 index slides 5%
Egypt
August 23, 2015
Egypt’s market loses LE13.8 bn during mid-session, EGX30 index slides 5%
Egypt's stock market has witnessed heavy loses of LE13.8 billion (US$1.8 billion) again during the mid-session of trade on Sunday,…
Hamas: Anxious to maintain good ties with Egypt
Middle East
August 23, 2015
Hamas: Anxious to maintain good ties with Egypt
Hamas has said it is eager to maintain good relations with the Egyptian government as the Palestinian militant group’s relations…
South Sinai investors recommend 2-year halt to property tax
Business
August 22, 2015
South Sinai investors recommend 2-year halt to property tax
Investors in South Sinai are demanding a moratorium for real estate taxes as an incentive for an already reeling tourism…
Reports conflicting over Egypt-Russia US$2 bn Mig-29 fighters deal
Egypt
August 22, 2015
Reports conflicting over Egypt-Russia US$2 bn Mig-29 fighters deal
Egypt has signed a US$2 billion deal with Russia for the purchase of Russian MIG-29 fighters, a military source quoted by…
Libyan army reports alleged Turkish arms shipments to Islamists
Egypt
August 22, 2015
Libyan army reports alleged Turkish arms shipments to Islamists
Libya’s army spokesperson has accused Turkey of aiding Islamist militias operating in his country with weapons shipment as forces allied…
Five-member Egyptian family dies in Kuwait fire
Egypt
August 22, 2015
Five-member Egyptian family dies in Kuwait fire
An Egyptian man, his wife and their three children died of suffocation resulting from a blaze that caught at their…
Egyptian pound at risk since yuan’s depreciation
Business
August 22, 2015
Egyptian pound at risk since yuan’s depreciation
The Egyptian pound is one of several currencies to suffer from China’s depreciation of its yuan on August 11, Bloomberg…
Suez Canal commemorative coins issued before August end
Business
August 20, 2015
Suez Canal commemorative coins issued before August end
The Finance Ministry will issue commemorative coins before the end of this month celebrating the inauguration of the New Suez Canal, a…
Egypt’s market loses LE40.8 bn in week, EGX30 index falls 8.9%
Egypt
August 20, 2015
Egypt’s market loses LE40.8 bn in week, EGX30 index falls 8.9%
Egypt's stock market has witnessed heavy loses of LE40.84 billion this week, as all indexes dropped, Egyptian Exchange data showed.The…
Egypt FM, UK adviser support arms supply to Libyan government
Egypt
August 20, 2015
Egypt FM, UK adviser support arms supply to Libyan government
Egyptian and British officials have voiced support for the internationally-recognized Libyan government’s call to lift an arms embargo imposed on…
Egypt’s market loses LE3.6 billion on Thursday, EGX30 down 0.94%
Business
August 20, 2015
Egypt’s market loses LE3.6 billion on Thursday, EGX30 down 0.94%
Egypt's market extended its heavy losses on Thursday's session, as the benchmark EGX30 index went down 0.94 percent, recording 7,172.63…
Govt: Tourism up 4.4% in June
Business
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…
Egypt’s market loses LE8.5 billion on Wednesday, EGX30 down 2.1%
Business
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…
Campaign petitions UN for Egyptian activist lawyer’s release
Egypt
August 19, 2015
Campaign petitions UN for Egyptian activist lawyer’s release
A campaign is seeking to collect signatures from lawyers worldwide in a petition to the United Nation’s Secretary General, demanding…
Egypt’s market loses LE12.4 billion on Tuesday, EGX30 down 2.6%
Egypt
August 18, 2015
Egypt’s market loses LE12.4 billion on Tuesday, EGX30 down 2.6%
Egypt's market extended its heavy losses on Tuesday's session, as the benchmark EGX30 index dropped 2.58 percent, recording 7,398.43 points…
Report: 599 labor protests in 1st half of 2015
Egypt
August 18, 2015
Report: 599 labor protests in 1st half of 2015
Workers belonging to 48 sectors staged 599 protests from January to June 2015, an NGO report has unveiled. Labor protests occurred…
Egypt’s market loses LE5.7 billion on Monday, EGX30 down 0.4%
Business
August 17, 2015
Egypt’s market loses LE5.7 billion on Monday, EGX30 down 0.4%
Egypt's market closed in the red zone on Monday's session, as the benchmark EGX30 index went down 0.42 percent, recording…
Cairo University still low in Chinese world ranking
Egypt
August 17, 2015
Cairo University still low in Chinese world ranking
Cairo University continues to rank low but remains among the world's 500 best universities in an annual chart prepared by…
UK recommends ‘only essential travel’ west of Delta
Egypt
August 16, 2015
UK recommends ‘only essential travel’ west of Delta
The United Kingdom’s Foreign and Commonwealth Office (FCO) has advised British visitors to Egypt to abstain from travel to regions…
Study: Lower Internet prices ensure increase in customer acquisition
Business
August 16, 2015
Study: Lower Internet prices ensure increase in customer acquisition
Reducing Internet prices could ensure an increase in the number of customers served to over 50 percent of the population…