Egypt bourse's agreement with NYSE Liffe, the European derivatives business of NYSE Euronext, to list the EGX 30 index shall come into effect by the beginning of next June, 2013, said EGX chief on Tuesday.
Dr. Mohamed Omran – the Chairman of the (...)
The Canadian Chamber of Commerce in Egypt will be meeting with the Cairo bourse chief on Monday, May 20th to get in depth with the country's economy and how to get through the current crisis.
The Canadian Chamber of Commerce in Egypt, chaired by Dr. (...)
Dr. Salah Gouda, Economic Adviser to the European Commission, stated that the value of Arab funds held by foreign banks is valued at US$ 800 billion, while the volume of trade among Arab countries does not exceed 3% of the total volume of their (...)
A high-level Egyptian delegation will discuss with the Libyan authorities about the possibility of receiving a deposit in order to strengthen the country's foreign reserves after they fell to US$ 13.5 billion at the end of last February.
An official (...)
The Central Bank of Egypt (CBE) and the Egyptian Islamic Finance Association (EIFA) have welcomed the sukuk bill, affirming that the Egyptian economy is in need for such an instrument to finance projects and reduce the budget deficit.
Nidal Assar, (...)
Russia's leading independent natural gas producer, Novatek OAO (MCX:NVTK) (LON:NVTK), has decided to exit the Egyptian market and end its operations worth US$40 million due to the country's political instability and the deteriorating security (...)
Zaki Ekinci, Chairman of Turkish-Egyptian Businessmen Association (TUMİAD), said the Turkish government is seeking to found an official Egyptian-Turkish Chamber of Commerce for the purpose of boosting the mutual economic cooperation and increase the (...)
In the time Egypt is encountering economic challenges including budget deficit, the country's pet food imports have reached around US$550 million for the course of 2012.
Dr. Muharram Helal, CEO of the Egyptian Union of Investors Associations (EUIA), (...)
The African Development Bank's Resident Representative for Egypt affirmed that the unemployment rate in Egypt is rising and will reach 13% by the end of 2012.
On the sidelines of the ‘Youth Employment: Building the Future' forum, Sibry Tapsoba noted (...)
Social Fund for Development (SFD) has placed job creation as a top priority, said Ghada Wali, secretary general of SFD.
On the sidelines of the ‘Youth Employment: Building the Future' forum, Wali affirmed that there is a pressing need to give youths (...)
The Egyptian Minister of Planning and International Cooperation Ashraf Al Araby said the only way for Egypt to not to resort to foreign borrowing is to reduce the budget deficit, noting that the government currently seeks loans to finance the budget (...)
Eng. Saleh Al-Abdali, the Managing Director at Libya Oil Egypt, said the company targets the completion of establishing 4 petrol stations by the end of 2012. He further announced that Libya Oil Egypt has opened a new oil factory in Borg Al-Arab in (...)
Ashraf Al Araby, Minister of Planning and International Cooperation, said Egypt is currently fighting to regain stability and achieve development. The political conditions still govern the economic situation, he added, warning that the political (...)
H.E. Hussein Awny, the Turkish Ambassador to Egypt, said the Egyptian businessmen can obtain now a five-year visa entry for Turkey instead of a two-year. He further pointed out that passport holders with a valid Schengen or work permit to USA and (...)
Ali El Korey, the Chairman of Thai-Egyptian Business Council, will lead the Egyptian delegation which will include a number of council board members as well as businessmen to visit Thailand. The delegation plans to sign a cooperation protocol with (...)
Under the chairmanship of Eng. Hussein Sabbour, the Egyptian Businessmen's Association (EBA) will be organizing the Egyptian-Korean economic forum on October 16th. The forum will discuss increasing mutual investment in 7 sectors.
EBA said it will (...)
The Egyptian Islamic Finance Association will hold its first conference on the development prospects of Islamic finance in Egypt next Sunday. Many banking and finance experts from Egypt and Arab countries will attend the conference.
The conference (...)