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Companies raised total of EGP 5bn
EGP devaluation against US$ pushed for request approval in order to overcome crisis of decrease in Russian tourism
Many tourist bazaars were closed, abandoned by tenants or turned into cafes, says Hussein Al-Gabry
After government reforms and economic growth, there are plans to continue commitment to Egyptian market, says Nestle North East Africa CEO
The car’s engine has 4 cylinders with 1400 cc, generating energy of duplicate 107HP with automatic transmission. It includes features like a fingerprint key, centre lock, and more.
All the 1950s vintage boutiques were located on this veranda, but most of them have closed long ago.
Trading on Orascom Hotels and Development stocks started during Tuesday’s session
Official says gold prices were not notably affected by oil pricing crisis
Government sources confirm sufficiency of Russian tourism in Egypt, despite tumble in value of rouble
Market gains EGP 5.9bn Monday after witnessing a huge loss the previous day
Egypt is the largest real estate market in the region and its demographics suggest huge potential for growth
Car experts blame high US dollar exchange rates and popular demand for fuel saving cars for increase
Food products will rise by approximately 20% on higher costs of fuel used for transportation and production, says professor of agricultural economy
Three main factors affect how high or low credit card penetration can be in a country, HSBC official explained
Using replacement value method would reduce property tax for Cairene hotels by 90%, says deputy chairman
Airport hopes to take advantage of Airmall following suspension of its commercial activities
Egyptian companies are looking for opportunities to enter the Jordanian market as Syrian crisis cut trade between the latter two
CEO says IPO primarily aims to allow exit of investors, and can in the future contribute to increase the company’s capital
By Mohammed Ayad The government is set to remove various heads of its holding companies in a step aimed at restructuring the crisis-stricken public business sector and increasing competitiveness through price adjustment, according to the prime minister’s spokesman, Sherif Shawky. Shawky added that Prime Minister Ibrahim Mehleb is consulting with Minister of Industry Foreign Trade …
Reuters – The shares of indebted mortgage lender Amlak will resume trading on the Dubai bourse in the second half of this year, the United Arab Emirates’ economy minister said on Monday. Trading in shares of Amlak, which is in the process of restructuring debt that sources put at nearly $2bn, was suspended in November …
Reuters – Kuwait’s first Islamic insurer was born 14 years ago, but its takaful firms are still struggling in a crowded market that faces cut-throat competition. This has led to stagnant growth and persistent losses for takaful firms operating in Kuwait, one of the world’s richest countries on a per capita basis, raising doubts about …
The Dow Jones Industrial Average sank 180.26 points (1.14%) to 15,698.85 over the five days of trade.
Abu Dhabi’s real estate market slumped about 50% from its peak in 2008 after the global financial crisis triggered a crash
Egypt’s economy was growing at about 6% annually for several years before Mubarak was ousted.
Market reflects political instability, says Arabiya online Financial Analyst
Margin lending – borrowing with cash or share holdings as security, has been in high demand as investors sought to maximise gains from a UAE market surge, with Dubai and Abu Dhabi’s bourses jumping 108% and 63.1% respectively last year.
The All-Share Index on west Africa’s leading bourse closed up nearly a third over the year, to 41,329.19 points.
Ministries of Supply and Interior collaborate on a plan to create a formal market
Some fund managers think a pull-back is likely in the near term since Dubai has risen so sharply.
Dubai’s market, rebounding from the bursting of a real estate bubble in 2008-2010, is up 80% so far this year, while Kuwait is up 33% and Saudi Arabia has gained 18%.