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12 Jul 2015

Egyptian pound steady at auction, stronger on parallel market

Egypt's central bank held the Egyptian pound steady at 7.73 per dollar for the third straight foreign exchange auction on Sunday after a depreciation earlier this month. The currency strengthened on the parallel market.

The central bank said it had offered $40 million and sold $37.5 million at a cut-off price"...

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12 Jul 2015

Egypt stocks oust Colombia’s as year’s worst on Dollar drain

There’s nothing new about Egypt’s dollar shortage. What’s different now is it’s battering the stock market.


Egypt’s EGX 30 Index overtook Colombia’s benchmark gauge of equities on Wednesday to become the world’s worst performer"......

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12 Jul 2015

Minister: Egypt-Kazakhstan committee to convene in Cairo in Sept

Cairo will host meetings of Egypt-Kazakhstan committee for economic, scientific and technical cooperation in late September, Industry and Trade Minister Mounir Fakhry Abdel Nour said.


"...

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12 Jul 2015

Arab tourists to Egypt keep growing in the first 5 months

Efforts by the Egyptian Ministry of Tourism and the Egyptian Tourism Authority (ETA) to revive tourism to the country continue to be reflected in the sustained growth of visitors to Egypt since early 2015. May 2015 statistics indicate a steady increase in the number of tourists compared with the same period last year. The number of visitors who traveled to Egypt...

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12 Jul 2015

Egypt’s FM meets UN envoy to Syria

Egypt’s Foreign Minister Sameh Shoukry met with the UN’s Special Envoy to Syria Staffan de Mistura in Cairo Saturday for talks on the Syrian crisis, Youm7 reported.


A"...

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12 Jul 2015

United Bank of Egypt to grant 100 Awards to MasterCard ‘Rakhaa’ Users

The United Bank of Egypt plans to grant 100 awards to its clients who hold the MasterCard “Rakhaa”, considered to be the first credit card which meets Shari’a provisions in Egypt.


...

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12 Jul 2015

Metawee Group invests EGP 750m in new ‘Blue Blue’ project

Metawee Group for real estate investment has launched a new project named “Blue Blue”, worth EGP 750m in investments.


The new project is considered to be “a step to support the Egyptian economy and develop the real estate market in Egypt, given that real estate is the fastest growing sector and"......

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12 Jul 2015

Export councils seek to upgrade Egypt’s presence abroad

Export councils have agreed on the importance of increasing and supporting Egyptian exports abroad, as it will lead to the launching of new export markets for Egyptian companies.


In"...

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12 Jul 2015

Egypt's Population Reaches 89.1 Million

Egypt population reached 89.100 million, according to a report from the Central Agency for Public Mobilization and Statistics published on Saturday. The figure shows that this country has contributed 16.3 million people to the world population in nine years, despite the economic problems and political concerns over the past four years.

In 2006, 72.8...

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12 Jul 2015

JCDecaux ATA Wins the Advertising Contract at the New Prince Mohammad Bin Abdulaziz International Airport in Madinah

JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces today that its subsidiary JCDecaux ATA (held 60% by JCDecaux, 40% by ATA) has won the advertising contract for the new Prince Mohammad bin Abdulaziz International Airport (PMIA) in the city"...

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