Economy
Egyptian pound steady at forex sale, black market under pressure
February 18, 2016
Egyptian pound steady at forex sale, black market under pressure
The Egyptian pound was steady against the dollar at an official forex auction on Thursday and black market traders quoted…
Yields on Egypt’s 6-month and 1-yr T-bills rise at auction
February 18, 2016
Yields on Egypt’s 6-month and 1-yr T-bills rise at auction
Yields on Egypt's six-month and one-year treasury bills rose at an auction on Thursday, data from the central bank showed. The…
Egypt’s ‘chocolate’ imports from Israel US$45,000: Israeli ministry
February 18, 2016
Egypt’s ‘chocolate’ imports from Israel US$45,000: Israeli ministry
Egypt’s imports of Israeli chocolate stood at US$45,000 in 2015, a report by the Israeli Foreign Ministry said Wednesday, citing…
Egypt to purchase 10 Superjet passenger planes from Russia
February 17, 2016
Egypt to purchase 10 Superjet passenger planes from Russia
An Egyptian airline is expected to sign a contract with Russia’s Sukhoi Civil Aircraft Company (CJSC) next month for 10…
Saudi, Egyptian markets edge up in early trade
February 17, 2016
Saudi, Egyptian markets edge up in early trade
The Saudi Arabian stock market edged up in early trade on Wednesday before an oil producers' meeting that could help…
Iran could decide fate of first global oil deal for 15 years
February 17, 2016
Iran could decide fate of first global oil deal for 15 years
The fate of the first global oil deal in 15 years could be decided on Wednesday when OPEC members travel…
Italian tourist bookings down 90%, Regeni death casts shadow: official
February 16, 2016
Italian tourist bookings down 90%, Regeni death casts shadow: official
Bookings by Italian tourists planning a trip to Egypt next summer are down 90 percent from the 2015 season, and…
Egypt’s central bank not moving toward weakening the pound: official
February 16, 2016
Egypt’s central bank not moving toward weakening the pound: official
Egypt's central bank is not moving toward devaluing the pound or floating its currency, a central bank official said in…
Egyptian pound steady at forex sale, weaker on black market
February 16, 2016
Egyptian pound steady at forex sale, weaker on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened on the…
Saudis, Russia agree oil output freeze, talks with Iran to follow
February 16, 2016
Saudis, Russia agree oil output freeze, talks with Iran to follow
Top global oil exporters including Russia and Saudi Arabia agreed on Tuesday to freeze output to tackle a global glut…