EFG Hermes publishes 4th issue of valU bonds for EGP 856.5 million
Egypt's investment bank, EFG Hermes has published on Tuesday the 4th issue of the securitisation bonds to its…
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Egypt’s Orascom Construction posts $3.6 bln revenues in 2017
Egypt’s leading global engineering and construction firm, Orascom Construction (OC) announced Thursday that it has…
Elita Real Estate Consultancy sells 25% of The Core New Cairo units
Egypt’s Elite Real Estate Consultancy Company has sold around 25 percent of the units of its medical and commercial…
27% increase in used car listings in 2017: OLX Egypt
The value of used cars listed for sale on OLX Egypt recorded over 200 billion pounds in 2017, according to the…
Egypt’s Orascom Construction adds $650 mln to underway projects in Q4-2017
Egypt’s Orascom Construction Company (OC) has added new contracts worth US$650 million to the value of its underway…
Egypt’s foreign trade rises 2.7% in October 2017: CAMPAS
The value of Egypt’s foreign trade rose by 2.7 percent, reaching around $7.7 billion in October 2017 from $7.45…
Egypt’s import bill from China falls 20.3% in first nine months of 2017
The value of Egypt’s import bill from China fell by 20.3 percent, reaching around $5.87 billion during the first…
Egypt’s fuel imports rise to $600 mln in Sept. 2017: CAPMAS
The total value of Egypt’s fuel imports rose to $601 million during September 2017 from $476 million during the…
Egypt private sector construction, building activity rose 41.7% in 2016: CAPMAS
The construction and building works implemented by Egypt’s private sector firms rose 41.7 percent, reaching 56.4…
EGYCO executes infrastructure works in phase II of Egypt’s Al-Robeky industrial zone
Egypt’s state-run El Nasr Company for Building and Construction (EGYCO) unveils it is implementing number of…
How to buy Bitcoin in seconds from your smartphone
You've seen all the headlines about bitcoin and other cryptocurrencies rising in value. Maybe you want to get in…
Uproar in Egypt over hike in mobile recharge cards
Egyptians are angry over a government decision to ratify a 36-percent devaluation of mobile phone balance recharge…
Value of mobile recharge cards falls 36%
Egypt's National Telecommunications Regulatory Authority ratified on Thursday evening a decision by mobile…
CAPMAS unveils 12.3% surge in Egypt’s exports to U.S.
Egypt's state-run Central Agency for Public Mobilization and Statistics (CAPMAS) has announced the increase in…
Egyptian pound falls to 18 aganist dollar
The U.S. dollar has strengthened against the Egyptian pound for first time in almost a month to register an average…
Bank Audi Egypt, European Investment Bank sign MOU for $30mn-loan
Bank Audi Egypt signed a memorandum of understanding (MOU) with the European Investment Bank to obtain a loan of…
Egypt’s Hero Food Industries to boost 500m pounds-exports in 2017
Egypt's Hero Food Industries is planning to double the volume of its exports in 2017 to reach 500 million Egyptian…
Egypt’s central bank, investors reach deal to settle pre-float credit lines: bankers
Egypt's central bank has agreed with Egyptian investors to settle credit lines opened before it floated the pound…
Palm Hills posts 2016 contractual sales of 8.2 bln Egyptian pounds
Palm Hills, Egypt's second largest listed real estate developer, said Tuesday it achieved 2016 contractual sales…
Japan’s PM says will keep seeking Trump’s understanding on TPP
Japanese Prime Minister Shinzo Abe said on Monday he believed U.S. President Donald Trump understood the value of…
Hong Kong divided over Forbidden City museum plan
The Forbidden City in Beijing has housed generations of Chinese emperors for hundreds of years. A museum since…
Samsung’s stock hits highest in 40 years as it considers a split
Samsung Electronics Co. didn’t quite come out and actually say it, but South Korea’s most valuable company is…
JP Morgan: Egyptian pound to remain volatile for near future
The value of the Egyptian currency is expected to remain volatile for the near future as the Central Bank of Egypt…
Wuzzuf.com is worth of $7 million: CEO
The leading Egyptian recruiting website, Wuzzuf.com, had a market value of $7 million by the end of 2015, said its…
SolarCity advisor Lazard made mistake in deal with Tesla
Lazard Ltd, the investment bank that advised SolarCity Corp on its $2.6 billion sale to Tesla Motors Inc, made an…
A guide to Egypt’s new value-added tax
Egypt’s parliament gave a final approval on Monday to the implementation of the long-delayed value-added tax (VAT)…
Investors Associations urges Egypt govt. to exclude free zones from VAT law
Egyptian Union for Investors Associations urged the government to amend the tax price in Value Added Tax (VAT) law…
Government committed to 14% VAT, parliament will understand: Egypt’s PM
Prime Minister Sherif Ismail on Wednesday said the purpose of the value-added tax (VAT) is to obtain more revenues…
Egypt establishes social housing projects of $10bn
The value of social housing projects established in Egypt is estimated at 90 billion Egyptian pounds (US$10…
Inflation rate expected to rise in Egypt next year: experts
Egypt’s core inflation rate climbed to its highest level in seven years in June, underscoring the challenges…
Success of Pokemon GO raises hopes for change at Nintendo
The phenomenal success of Pokemon GO and the surge in Nintendo Co's market value by $17 billion in just over a week…
Japanese chat app Line shares soars in New York-Tokyo dual listing
Japan's Line Corp saw its shares rocket on their Tokyo debut on Friday, extending a strong start in New York the…
No more Tesla buyback guarantee as company cuts price of Model X
Tesla Motors Inc has ended a program that guaranteed the resale value of its cars, and lowered the starting…
Nintendo shares soar on Pokemon Go mobile game hopes
Shares of Japan's Nintendo Co soared more than 20 percent after Friday's surge, adding $7.5 billion to its market…
Egypt to issue $3 bln Eurobond in Sept-Oct, impose VAT by Sept
Egypt's finance minister said on Monday the country would look to issue a $3 billion Eurobond between September…
GM seeks to dismiss claims for recalled vehicles’ lost value
A lawyer for General Motors (GM.N) on Friday asked a U.S. judge to bar "unprecedented" claims on behalf of millions…
Line Corp plans dual Tokyo, New York IPO
Line Corp on Friday said it plans to list shares in Tokyo and New York next month through an initial public…
VAT draft law to be sent to parliament within days: Minister
The State Council finished reviewing the draft law of value-added tax (VAT). The law was sent to the government,…
Aramco value to top $2 trillion, less than 5% to be sold, says prince
Saudi Arabia expects state oil company Saudi Aramco to be valued at more than $2 trillion and plans to sell less…
Toshiba preparing Westinghouse writedown, CEO to step down
Japan's Toshiba Corp is preparing to write down the value of its stake in U.S. nuclear subsidiary Westinghouse by…