Egypt court to review land sale case next month
An Egyptian court has delayed until January 8 a hearing on whether the government must auction state land that was sold directly to Talaat Moustafa Group (TMG) for its flagship…
SODIC approves stock split with new ratio
SODIC, Egypt's third-biggest listed property developer, said on Monday its board approved a 2-1/2 for one stock split, in line with a new ratio suggested by the financial regulator. The…
Egypt pound at weakest vs dollar since Feb 2005
The Egyptian pound fell on Monday to its weakest level against the US dollar since February 2005, with traders saying foreigners are closing some positions in Egyptian securities as the…
Egypt, Sudan and Libya to confer ahead of key vote
KHARTOUM: Leaders of Sudan's two most powerful neighbors will be meeting with the president in Khartoum Tuesday to discuss the future of the country ahead of a referendum that could…
Gulf firms wary of investing in southern Sudan
DUBAI: Political uncertainty and fear of conflict will deter several Gulf firms from investing in southern Sudan as it prepares for a referendum next month that will likely lead to…
Morocco: Positive tale for retail
By Oxford Business Group Morocco’s retail sector is set to undergo a major shift in the coming years as large-scale purpose-built retail areas become more prevalent but moves away from traditional…
Emaar Aims to Keep Safe Distance From Troubled Amlak
Emaar Properties PJSC, the sprawling Dubai real estate developer, had a near-death experience this past week when its chairman made remarks hinting that it might increase its stake in its…
Central Banks exempts sugar imports from cash cover minimum
CAIRO: In light of the recent rise in sugar prices reaching LE 5000 a ton and contributing to higher inflation, Egypt's central bank said on Saturday it was exempting banks…
Egypt eyes Sudan for wheat needs
CAIRO: Egypt has turned to its impoverished southern neighbor, Sudan, for use of agricultural land as the world's largest wheat importer looks to meet domestic food supply needs and quell…
Stock index take a slight dip
CAIRO: Egypt's main index, EGX30, dipped, with property developer Talaat Moustafa Group reversing earlier gains to drop 0.3 percent. On Saturday, an Egyptian court delayed a hearing on whether the…