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EGX30 drops 2% on Syria attack worries 27 Aug 2013 | 07:08 pm
The indices of the Egyptian Exchange (EGX) ended in the red today amid the region’s unrest and Syria attack worries.EGX30 declined 2%, or 111.34 points, to reach the 5337.65 level. EGX70 also fell 2.3...
Coeure: ECB rates to remain low for an extended period 27 Aug 2013 | 06:37 pm
European Central Bank interest rates will remain low “or lower” for an extended period of time, ECB policymaker member Benoit Coeure said on Tuesday as the bank’s Governing Council prepares to meet ne...
Total to buy Chevron’s Egypt retail network 27 Aug 2013 | 06:37 pm
French oil major Total said it had agreed to buy the Egyptian retail network of U.S. energy company Chevron, in a move it said would create its biggest marketing and services subsidiary outside Europe...
Government seeks to lure investments worth $6 bln 27 Aug 2013 | 06:03 pm
Dr. Sameh El Shazli, advisor of Minister of Planning & International Cooperation, said that the government seeks to attract direct foreign investments worth $6 billion, which is contingent on the loca...
Factories in need of aid from banking sector 27 Aug 2013 | 05:18 pm
Officials within the banking sector refused to provide new lines of credit to industrial companies for the purpose of collectively paying back loan instalments. Similar lines of credit were previously...
Dana Gas Egypt production reaches 200 mln scfd 27 Aug 2013 | 05:14 pm
Dana Gas, the Middle East's leading regional private sector natural gas Company, announces that it has achieved gas production level in Egypt of 200 million standard cubic feet per day (equivalent of ...
Local liquidity leaps to EGP 1.268 trln at May-end 27 Aug 2013 | 05:11 pm
Egypt’s domestic liquidity rose to EGP 1.268tn at the end of May compared to EGP1.094tn at end of June last year, registering an increase of 15.9% during the 2012/2013 fiscal year, the Central Bank of...
Government borrows 549 mln euros 27 Aug 2013 | 05:08 pm
The Egyptian government borrowed yesterday almost 549 million euros from local banks and foreign financial institutions. The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance (MoF), la...
Egypt: Tourism industry in deep decline 27 Aug 2013 | 04:48 pm
Egyptian tourism is in deep decline because of the current political unrest. Euronews travelled to the city of Hurghada on the Red Sea to see the reality of tourism in the area. Many hotels have close...
General Land Reclamation: Work impacted by local political events 27 Aug 2013 | 04:37 pm
General Co. for Land Reclamation, Development & Reconstruction (AALR) said that the work in some sites was negatively impacted by the current political conditions.
