Hassan Kamel: 20% Deficit in Rice, Citizens Should Bear It
Dr Hassan Kamel, Head of the Food Industries Holding Company (FIHC), unveiled that the deficit of rice reached 20%.…
Finance Ministry Sells EGP 500 Mln In 7-Year T-Bonds
The Egyptian Ministry of Finance sold 7-year treasury bonds worth EGP 500 million on Monday. The yields on the…
EGX 30 Ends Below 5220 Pts On Pending Egypt-IMF Loan
The Egyptian Exchange (EGX) has extended its opening losses by the end of Monday’s sessions. The EGX has incurred…
NBE Postpones Repayment Of EGP 400 Mln Bad Debt Until Early 2014
The National Bank of Egypt (NBE) delayed repayment of EGP 400 million worth of debts owed by customers in the…
US Dollar Rises Against Egypt Pound, Hits EGP 6.94 In Banks
The US dollar’s exchange rate in banks against the Egyptian pound rose by one piaster and half on Monday to EGP…
Egypt’s Antiquities To Sign Agreement With Italian Uni. Tommorrow
Both of the Egyptian Minister of Antiquities, Mohamed Ibrahim, and the Italian Ambassador to Cairo, Maurizio…
Orascom Development Reports US$ 1.11 Bln Losses – FY/12
Orascom Development Holding AG (Orascom Development) (ODHN.CA) has announced on Monday its standalone financial…
Samsung Says To Open 1st Factory In Egypt’s Beni Suef In Two Months
Samsung said on Monday it will be opening its new factory in Egypt’s Beni Suef – the multinational electronics…
Egypt Justice Minister Quits, Cites Islamist Protest
Egypt's Justice Minister Ahmed Mekky has resigned in protest at "an assault" on the judiciary by President Mohamed…
CIB Approves EGP100 mln Loan To Juhayna On Its Assiut Factory
Juhayna Food Industries (JUFO.CA) has reached an agreement with the Commercial International Bank (CIB) to take EGP…