Market

Penalty of price manipulation, monopolistic practices can reach up to LE2M: Egypt's Consumer Protection Agency

Sun, 30 Oct 2022 - 11:16 GMT

Hossam El Din's statements are made amid an expected rise in prices due to the devaluation of the Egyptian pound on Thursday.

Renewable energy to play important role in liberalizing electricity market in Egypt

Mon, 10 Oct 2022 - 08:10 GMT

Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, confirmed that the expansion of electricity generation projects using new and renewable energy in Egypt, has become indispensable, revealing that these projects have a positive impact on the state on different levels.

Egypt allocates LE44B to upgrade 1.1K informal markets nationwide

Mon, 07 Feb 2022 - 02:36 GMT

Those encompass a total of 306,000 units.

COMESA chiefs of state stress digitalization, support to SMEs for integration

Tue, 23 Nov 2021 - 03:00 GMT

The theme of the 21st COMESA Summit is "Building Resilience Through Strategic Digital Economic Integration."

Egypt identifies 1.1K unlicensed markets, allocates LE44B for development

Tue, 23 Mar 2021 - 01:55 GMT

The unlicensed markets are those that are neither monitored by the government nor taxed, and whose output is not counted in the GDP.

Egypt's Information and Decision Support Center launches app offering 2K types of data

Mon, 22 Feb 2021 - 12:22 GMT

Madbouli stated that the app is aimed at making available correct information in order to raise the awareness of people on various matters making good use of digital technology.

Fire breaks out in market of Alexandria's Egypt Railway Station

Sat, 24 Oct 2020 - 11:52 GMT

The fire urged the halting of the tramway operation.

Egypt becomes active player in oil, NATGAS in region: French Amb.

Thu, 24 Sep 2020 - 02:20 GMT

He stressed that Egypt has great ambitions to become a regional energy hub.

How will commodity stock exchange company help Egyptian consumers?

Sat, 12 Sep 2020 - 02:06 GMT

Egypt announced establishing its first commodity exchange company as part of the country’s plan to develop its internal trade, as the commodities exchange will provide protection to small farmers and producers.

Fitch revises outlook on Turkey to negative

Sat, 22 Aug 2020 - 09:00 GMT

A depletion of foreign exchange reserves, weak monetary policy credibility, negative real interest rates, and a sizable current account deficit, have exacerbated external financing risks.

PM visits 5 facilities, public investments in Alexandria's Borg Al Arab

Wed, 05 Aug 2020 - 08:20 GMT

The construction works of a court that will house Men's Handball World Championship taking place on January 14-31 are completed by 95 percent.

Police detect 286 violations of protective rules, break 571 market manipulation cases

Sun, 29 Mar 2020 - 04:10 GMT

Those were committed in less than one week.

Man arrested for withholding over 26 tons of foodstuffs from market

Mon, 23 Mar 2020 - 01:28 GMT

Security bodies arrested Saturday an owner of an unlicensed food warehouse in Giza for stockpiling over 26 tons of foodstuffs and withholding them from the market.

Cairo Solar managed to capture 12% market share in this year’s 12.5MW, LE170m non-utility scale market

Mon, 23 Dec 2019 - 12:48 GMT

Cairo Solar today announced the commissioning of a 495KW pv solar system at Mamiba Cosmetics’ factory in 6th of October.

Japanese delegation to open Tokyo markets to Egyptian citrus: official

Sun, 08 Dec 2019 - 11:45 GMT

“The delegation will visit a number of citrus farms and filling and sorting stations, and will be introduced to the system used in agricultural exports for all world markets,” Attar said.

Sisi managed to change world standpoint on Africa: Saudi writer

Wed, 27 Nov 2019 - 12:06 GMT

Harbi stressed Africa should be grateful for Sisi as he made the world change its vision concerning Africa.

EGX records collective rise, market cap. adds LE 5.26B

Sun, 18 Aug 2019 - 02:00 GMT

The benchmark EGX 30 rose 0.73 percent, or 104.57 point, to close at 14,399.7 points.

Sisi calls for coordination with Agriculture Ministry, businessmen to control market mechanisms

Sat, 17 Aug 2019 - 10:52 GMT

Sisi asserted the importance of coordination with the Agriculture Ministry and businessmen in order to control the Egyptian market mechanisms.

CBE launches fresh standard for risk-free interest rate

Sat, 03 Aug 2019 - 11:50 GMT

The Central Bank of Egypt (CBE) launched on Friday a fresh standard for determining a risk-free interest rate.

55 financial fraud cases worth LE200M unravel in 1 month

Mon, 15 Jul 2019 - 12:00 GMT

The crimes varied from bribery and administrative corruption to illegal currency trade, money laundering and tariff evasion.

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