Economy
Russian wheat export prices slide on Egypt policy worries
February 16, 2016
Russian wheat export prices slide on Egypt policy worries
Russian wheat export prices fell last week, hit by concerns about future supply contracts to world No. 1 importer Egypt,…
CIB accepts billionaire Sawiris’s bid to buy CI Capital, Egypt’s stock market rises
February 15, 2016
CIB accepts billionaire Sawiris’s bid to buy CI Capital, Egypt’s stock market rises
The Egyptian stock market's benchmark index EGX 30 rose by around 0.95 percent, reaching 5,808 points in the first 15…
Zika effect short-lived in Latin American stocks, for now: Morgan Stanley
February 15, 2016
Zika effect short-lived in Latin American stocks, for now: Morgan Stanley
The spread of the Zika virus will likely affect tourism and transport-related stocks in Latin America in the short term,…
Oil edges down; weak China trade data drags
February 15, 2016
Oil edges down; weak China trade data drags
Brent and US crude futures edged lower on Monday as the dollar regained ground and as weak Chinese trade data…
Global shares rise as firmer Chinese yuan eases deflation fears
February 15, 2016
Global shares rise as firmer Chinese yuan eases deflation fears
World stocks rose on Monday as China's central bank fixed the yuan at a much stronger rate and oil prices…
Egyptian 3-month T-bill yields drops at auction, 9-month yields rises
February 14, 2016
Egyptian 3-month T-bill yields drops at auction, 9-month yields rises
Yields on Egypt's three-month treasury bills dropped and nine-month treasury bills rose at Sunday's auction, data from the central bank…
Egyptian pound steady at forex sale, weaker on black market
February 14, 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 Sunday but weakened on the…
Red Sea tourism slump brings 80% drop in tourism tax revenues
February 14, 2016
Red Sea tourism slump brings 80% drop in tourism tax revenues
The slowdown in tourism in the Red Sea governorate has resulted in an 80 percent drop in tourism-related tax revenues…
Global slowdown fears overshadow Singapore aviation show
February 14, 2016
Global slowdown fears overshadow Singapore aviation show
Aerospace leaders gathering for this week's Singapore Airshow face conflicting pressures as they juggle growing concerns over jetliner demand while…
Supply Ministry purchases 60,000 tons of wheat from Romania
February 13, 2016
Supply Ministry purchases 60,000 tons of wheat from Romania
The Domestic Trade and Supply Ministry signed a contract on Saturday to purchase 60,000 tons of wheat from Romania through…