Economy
Richest 62 people own same as half world’s population: Oxfam
January 19, 2016
Richest 62 people own same as half world’s population: Oxfam
The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich…
Egypt plans to sell shares in state-owned companies
January 19, 2016
Egypt plans to sell shares in state-owned companies
Egypt plans to list shares in state-owned bank and companies on the stock market, the presidency said on Tuesday, in…
Global stocks rise as slowing China growth boosts stimulus prospects
January 19, 2016
Global stocks rise as slowing China growth boosts stimulus prospects
Shares in Europe and Asia rose and the dollar gained after data showing China's economy grew last year at its…
Iran boosts oil output, foreign firms keen to seal deals
January 19, 2016
Iran boosts oil output, foreign firms keen to seal deals
Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions,…
Egypt’s benchmark index rises by 3 pct during first half hour of trading
January 18, 2016
Egypt’s benchmark index rises by 3 pct during first half hour of trading
Egypt's stock market benchmark index EGX30 rose by 3 percent during the first half hour of Monday's session, to reach…
Oil slides to lowest since 2003 as Iran sanctions lifted
January 18, 2016
Oil slides to lowest since 2003 as Iran sanctions lifted
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after…
Egypt receives $1.6 bn loan from China in budget support: source
January 17, 2016
Egypt receives $1.6 bn loan from China in budget support: source
The Central Bank of Egypt will receive a US$1.5 billion loan from China during a visit by China’s President Xi…
Egyptian treasury bill yields fall marginally at Sunday’s auction
January 17, 2016
Egyptian treasury bill yields fall marginally at Sunday’s auction
Yields on Egypt's three and nine-month treasury bills fell slightly at Sunday's auction, data from the central bank showed. The average…
Egypt to hold international tender for 11 oil and gas blocks
January 17, 2016
Egypt to hold international tender for 11 oil and gas blocks
Egypt will hold an international tender for 11 oil and natural gas exploration blocks in the Mediterranean sea and Nile…
MIDEAST STOCKS: Saudi plunges more than 6%, Egypt slides
January 17, 2016
MIDEAST STOCKS: Saudi plunges more than 6%, Egypt slides
Saudi Arabia's stock market plunged more than 6 percent early on Sunday in response to a fresh tumble of oil…