Latest in Tag: business news Highlight
Latest in Tag: business news
International foreign reserves drop to $15.3bn
Egypt’s BOP recorded $410m surplus in Q1 2014/2015
Removal of cotton subsidies will harm textile industry: Chairman of Eastern Cotton Co.
Removal of subsidies continues, with agriculture minister announcing the removal of subsidies for cotton cultivation
OHD offers 15% of stocks at EGP 506m
33m stocks were offered by the company
Orascom Development Holding offers 10-15% in stock market
The company stated that its management is “optimistic with the company’s performance”, adding that it expects a stronger performance after the completion of the upcoming parliamentary elections.
Wheat supply sufficient until April, 120m tons to arrive from Russia
Wheat and grains logistics centre will protect Egypt from wheat market fluctuations, says supply minister
Al-Sisi calls for launch of villages’ national development project
Egyptian President discussed development of Egyptian villages with economic team
Egypt vulnerable to adverse global economic developments: IMF Mission Chief
Egyptian authorities design good macroeconomic and reforms programme ahead of March 2015 economic conference, says Jarvis
3 cooperation agreements signed in China
Egyptian president met with leading Chinese tourism companies in Beijing
Car market on shaky ground
Car market sales in June registered a 17% rise compared to June 2012.
Business News: Large banks ranked most efficient while small banks achieve fastest growth
CIB rated as most efficient, followed by NSGB, while HSBC places third due to its refusal to disclose information on its non-performing loans
Cityscape: Real-estate leads Egypt’s growth in the coming period
Governor of Cairo outlined the city’s investment potential in tourism and industry, highlighting a number of projects available with land secured for use under Build Operate Transfer (BOT) and Public Private Partnership (PPP) models
EGPC sings sign a $265m Murabha agreement with IITFC
The government is currently negotiating with the Islamic Development Bank to obtain more funding for a series of new infrastructure projects
USD exchange rate continues to rise as foreign reserves falls
The recurrent rise in the dollar’s exchange rate reflected on the price of imported goods such as steel, sugar and wheat and risks of triggering an inflationary wave
ASEA: Unleashing Africa’s investment potential
The African Stock Exchange Association (ASEA) held its 16th annual general assembly and flagship conference in Cairo.
European stocks rise on solid US jobs report
Dow Jones Industrial Average up by 47.35 points 0.36 per cent, the broad-based S&P 500 gained 0.34 per cent, Nasdaq Composite rose 0.22 per cent