Investment cost of Cairo Festival City is LE 30BTue, Mar. 20, 2018
The hotel segment is scheduled to be completed this year at an investment cost of LE 4 billion.
MSMEDA, NBE sign LE 400M contract to fund small projectsTue, Mar. 20, 2018
The Micro, Small, and Medium Enterprise Development Authority (MSMEDA) and the National Bank of Egypt signed a LE 400 million contract to fund small projects.
UK investigates Facebook over data breach, to raid Cambridge AnalyticaTue, Mar. 20, 2018
Britain is investigating whether Facebook did enough to protect data after a political consultancy reportedly accessed information on 50 million Facebook users.
Egypt’s exports of gold, precious stones rise 37% YoY in JanuaryTue, Mar. 20, 2018
Egypt’s exports of gold and precious stones increased 37 percent year-on-year in January to record $339 million.
Egyptian selling pushes EGX into red for 2nd sessionTue, Mar. 20, 2018
The benchmark EGX30 slipped 0.34 percent, or 58.23 points, to end at 17,113.90 points.
Orascom Development sells 3 hotels, land plot for LE 882.6MTue, Mar. 20, 2018
The Company will only be selling its stake in each, which will result in total cash proceeds of LE 492.8 million.
EGX discusses developing SMEs with EBRDTue, Mar. 20, 2018
Chairman of EGX Mohamed Farid said that the stock exchange administration focuses on developing the small and medium-sized enterprises (SMEs) market.