Business

Egypt's market gains LE1.7 bn on Tuesday, EGX30 rises 0.8 %

cairo stock 
22 Sep 2015
Egypt's stock market closed in the green zone in Tuesday's session, as the benchmark EGX30 index rose 0.84 percent to 7,346.54 points, with a turnover of LE293.7 million, the Egyptian Exchange data showed. The small- and mid-cap...
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Egyptian pound steady at dollar sale, weaker at exchange bureaus

Reuters/Reuters - An employee counts money at a bank in Cairo September 4, 2014. REUTERS/Asmaa Waguih    
22 Sep 2015
 The Egyptian pound held steady by the central bank at a dollar sale on Tuesday, where $37.8 million was sold at a cut-off price of LE7.7301 per dollar, and weakened on the parallel market. The official cut-off price remained...
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Indian market opened to Egyptian onion: Agriculture Ministry

Egyptian onion
22 Sep 2015
The Ministry of Agriculture and Land Reclamation announced an increase in the volume of Egypt's exports of onion to India, which hit 114,000 tons against 380,000 in the same period last year.   Dr. Saad Moussa, the head of...
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MIDEAST STOCKS: Gulf markets may consolidate before Eid

© AFP/File | Emirati men sit under a stock market screen at the Dubai Financial Market (DFM) in Dubai, on January 30, 2011      
22 Sep 2015
Gulf stock markets may consolidate on limited trading volume on Tuesday before closing for the rest of the week for the Muslim holiday of Eid al-Adha. Crude oil prices, which remain one of the most important factors for investor sentiment...
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Egypt's market gains LE1.3 bn on Monday, EGX30 rises 0.7 %

21 Sep 2015
Egypt's stock market closed in the green zone in Monday's session, as the benchmark EGX30 index rose 0.71 percent to 7,286.16 points, with a turnover of LE240.5 million, the Egyptian Exchange data showed.   The small- and mid-...
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250 companies established over last week in Egypt: Minister

Investment Minister Ashraf Salman
21 Sep 2015
Investment Minister Ashraf Salman announced that 250 companies were established over the last week, according to the data of the General Authority For Investment and Free Zones (GAFI).   The firms will provide 1,818 job opportunities...
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Egypt's Global Telecom to move headquarters to Amsterdam

An internet cable is seen at a server room in this picture illustration taken in Warsaw.
21 Sep 2015
 Egypt-listed Global Telecom (GTH) will move its operational headquarter to Amsterdam from Cairo, the firm said in a statement on Monday.   "The strategic move is a natural evolution in GTH's development following...
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Telecom Egypt appoints Waleed Gad as new chairman: statement

Telecom Egypt
21 Sep 2015
Egypt's state-owned landline telecom monopoly Telecom Egypt has appointed Waleed Gad its new chairman, the company said in a statement on Monday.   Gad was appointed to the company's board of directors in 2012 and has worked...
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Presidential decree approves finance of investment project between Egypt, IFAD

Reuters/Reuters - Egyptian President Abdel Fattah al-Sisi delivers a statement following a meeting with French President Francois Hollande at the Elysee Palace in Paris, November 26, 2014. REUTERS/Philippe    
21 Sep 2015
President Abdel Fattah Al-Sisi issued a decree on Sunday approving an agreement signed on February 20 to finance a sustainable agricultural investment project between the government and the International Fund for Agricultural Development (...
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MIDEAST STOCKS: Background mixed for Gulf ahead of Eid break

© AFP/File | Emirati men sit under a stock market screen at the Dubai Financial Market (DFM) in Dubai, on January 30, 2011      
21 Sep 2015
Firmer oil may support Gulf stock markets on Monday, but a slump in Asian equities and the approaching Eid al-Adha holiday may limit investors' appetite. Oil prices edged up in Asian trade on Monday as US drilling slowed and analysts...
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