Guides & Analytics
Palm Hills, OCI Sign EGP400 Mln Development Project
Palm Hills Development (PHDC.CA) and Orascom Construction Industries (OCIC.CA) has signed a EGP 400 million ($ 57.2 million) contract to develop a phase in one of…
Egypt’s Salafist Watan Party Launches Initiative Over Businessmen Reconciliation
Egypt’s salafist the Watan Party is launching an initiative designed to unite all the political powers in the country to form an economic program to reconcile with…
EGX 30 Ends This Week Below 5490 Pts Amid Tax Woes
The Egyptian Exchange (EGX) has ended this week incurring losses of EGP 732 million driven by the investors’ concerns over imposing the new stamp tax on the daily…
EGX Seeks To Find New Alternatives Over Stamp Tax; Chief Says
Dr. Mohamed Omran, the Chairman of the Egyptian Exchange, asserted that the EGX management seeks to reach a compromise with the Egyptian government over the proposed…
Nasser Social Bank’s Budget Hit EGP 9.185 Bln in Six Months
Nasser Social Bank’s budget for the first half of FY 2012/2013 reached EGP 9.185 billion, registering an increase of 712 million (8%). The Egyptian Minister of…
U.S. Welcomes Egyptian Strawberries
U.S. Ambassador Anne W. Patterson announced on Thursday that the U.S. Department of Agriculture has granted market access for Egyptian fresh strawberry exports to…
US Dollar Halts 14-Day Steady, Hits EGP 6.77 By Week-End
The US dollar had ended this week slightly higher to reach EGP 6.74 (buy price) and EGP 6.7704 (sell price), compared to Wednesday’s levels of EPG 6.7391 (buy price)…
Egypt To Invite IMF Team On Thursday For Loan Talks
Egypt will invite an IMF technical team on Thursday to reopen negotiations on a $4.8 billion loan deal, the state newspaper al-Ahram reported, as the country's…