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14 Dec 2014

OTMT; Largest Volume of Trade on Egypt Bourse in Week

Egypt’s Orascom Telecom Media and Technology Holding has reported the highest volumes traded among other nine active firms listed in the country’s stock exchange during last week’s trading.


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14 Dec 2014

Export Council: Egypt’s Marble Investments Valued at EGP3 billion

The volume of Egypt's investments in marble sector is estimated at 3 billion Egyptian pounds (US$ 419.7 million), head of Exhibition Committee of the Export Council for Building, Refractory & Metallurgy Industries, Ali Abdel Kader, said.


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14 Dec 2014

Egypt's security denies entry to American researcher on Middle East

Security at the Cairo International Airport denied entry to an American researcher on the Middle East late Friday, saying she is on an entry ban list.


Michele Dunne, Senior Associate at the Carnegie Endowment for International Peace (CEIP) and former United States diplomat, arrived to Cairo from Istanbul on Friday,"......

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14 Dec 2014

US poised to lift partial suspension of Egypt aid

The US spending bill for 2015 that is likely to be passed this week restores the US secretary of state’s power to waive conditions placed on Washington’s nearly $1.5 billion in economic and military aid to Egypt.


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14 Dec 2014

Egypt's non-petroleum exports rise to $20.2 billion Jan-Nov 2014

Egypt's non-oil exports grew by 0.22 percent to US$2.206 billion (LE142.9 billion) from January to November 2014, compared to $20.162 billion during the same period last year, according to a statement by Industry and Trade Minister Mounir Fakhry Abdel-Nour on Saturday. Abdel-Nour added the rise is despite"...

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14 Dec 2014

“Business News” launches annual “Egypt Automotive” Summit

The Business News Foundation for Press and Publication will launch “Egypt Automotive”, the annual summit for automotives manufacturing in Egypt, on 14 December.


The summit falls under the sponsorship of Minister of Industry and Trade Mounir Fakhry Abdel Nour and Minister of Investment Ashraf Salman.

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14 Dec 2014

67,378 tons of expired food commodities caught in November

A total of 67,378 tons of expired food commodities alongside 92,672 out-of-date juice boxes were caught during November by inspectors with the internal trade sector.


The latest statistics were revealed in a Saturday statement by the Ministry of Supply and Internal Trade, which also highlighted that the products"......

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14 Dec 2014

CBE expected to allow further devaluation of Egyptian pound: HSBC

Further devaluation of Egyptian pound is expected during 2015 and 2016, according to a report issued by HSBC.


This will see rates of the currency versus the US dollar reaching EGP 7.50 by the end of 2015 and EGP 8 by the end of 2016.


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14 Dec 2014

Egypt Denies Entry to American Scholar Critical of Its Government

A prominent American scholar and ex-diplomat critical of the government of President Abdel Fattah el-Sisi has been barred from entering Egypt, in what appears to mark a new escalation of the government’s clampdown on dissent.


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14 Dec 2014

Tejari Announces 2014 Real World Sourcing Scholarship Winners

After the success of their Dubai 2013 Real World Sourcing series, Strategic sourcing company Tejari, together with CIPS MENA launched the 2014 series of expert briefings in both Dubai"...

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