Business

Egypt’s market loses LE1.64 billion on Tuesday, EGX30 down 0.83%

Egypt’s market loses LE1.64 billion on Tuesday, EGX30 down 0.83%

Egypt's market main index declined  0.83 percent  on Wednesday's session recording 9,863.73 points and a turnover of LE827 million, the…
UAE’s NBAD CEO declines comment on Citigroup’s Egypt consumer unit

UAE’s NBAD CEO declines comment on Citigroup’s Egypt consumer unit

The chief executive of National Bank of Abu Dhabi (NBAD) declined to comment on Wednesday on whether his bank had…
Banking expert criticizes CBE policy toward US dollar

Banking expert criticizes CBE policy toward US dollar

Banking expert Passant Fahmy criticized previous televised remarks by Central Bank Governor Hisham Ramez in which he said he would…
Egyptian Consulate in UAE invites 500 companies to March economic summit

Egyptian Consulate in UAE invites 500 companies to March economic summit

The Egyptian Consulate in Dubai and the Northern Emirates promoted the economic summit, scheduled to be held next March, by…
Trading houses dominate in Egypt’s 75 LNG cargo tender

Trading houses dominate in Egypt’s 75 LNG cargo tender

European energy trading houses have emerged as the big winners of a highly sought-after Egyptian tender to buy 75 liquefied…
Egyptian businessmen: Falling ruble impacts tourism, imports

Egyptian businessmen: Falling ruble impacts tourism, imports

Egypt’s businessmen union held a meeting Monday which discussed the consequences of the falling exchange rates of Russian, Ukrainian and…
Egypt’s market gains LE3.8 billion on Tuesday, EGX30 rises 1.14%

Egypt’s market gains LE3.8 billion on Tuesday, EGX30 rises 1.14%

Egypt's market main index rose by 1.14 percent  on Tuesday's session recording 9,946.58 points and a turnover of LE884 million,…
Egypt’s cabinet approves guidelines of coal use in industrial activities

Egypt’s cabinet approves guidelines of coal use in industrial activities

The Egyptian Cabinet approved the guidelines for the use of coal in industrial activities in Egypt, the minister of environmental…
Imported gas shipment postponed

Imported gas shipment postponed

Khaled Abdel Badie, chairman of the Gas Holding Company, said the electricity sector needs 150 million cubic meters of gas…
Trade Min.: Devising a road map for WTO necessary

Trade Min.: Devising a road map for WTO necessary

Minister of Trade and Industry Mounir Fakhry Abdel Nour returned home on Sunday coming from Switzerland, where he participated in…
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