CAIRO, Jan 31 Expectations that Egypt would cut
interest rates and improved performance across emerging markets
pushed up the country's stocks 4.6 percent this week, with some
analysts expecting the trend to continue in coming weeks.
CAIRO, Nov 6 Egypt's Beltone Financial Holding
said that the prospectus for last month's initial
public offering of consumer finance provider Sarwa Capital
contained no irregularities.
CAIRO, Sept 10 Egypt cancelled its second
consecutive treasury bonds auction on Monday after banks and
investors demanded high yields on the debt, statements by the
central bank showed.
CAIRO Egypt's first smartphone maker is looking to capture 17 percent of the country's market by 2020, up from 2.7 percent, its chairman said, as the company aims to tap a sprawling low-income market that has long been priced out of using high-tech phones.
CAIRO Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.
CAIRO Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5 percent from 4.8 percent previously, the planning minister said on Saturday.
PORT SAID Hilton Worldwide aims to increase the number of hotel rooms it manages in Egypt by 40 percent by the end of 2022, the company's vice president for the North Africa region said.
CAIRO Egypt expects the next review of its International Monetary Fund loan program by end-October, ahead of a $2 billion disbursement set for December, Finance Minister Amr El-Garhy said on Tuesday.
CAIRO Egypt's tourism revenues jumped by 170 percent in the first seven months of 2017, reaching $3.5 billion, a government official told Reuters, in welcome news for an economy heavily reliant on the sector for foreign currency and jobs.
CAIRO Hilton Worldwide plans to nearly double the number of its hotels in Egypt within seven to 10 years as tourism returns to levels seen before a 2011 uprising, the company's deputy head for Egypt and North Africa said.