Economy
Banks consider $300 mn loan to Suez Canal Authority
November 1, 2015
Banks consider $300 mn loan to Suez Canal Authority
Egyptian banks are considering a US$300 million loan to the Suez Canal Authority (SCA) to assist it with its financial…
Egypt expects exports to increase by 9-10% annually until 2020: minister
November 1, 2015
Egypt expects exports to increase by 9-10% annually until 2020: minister
Egypt expects to increase its exports by 9-10 percent annually until 2020, Trade and Industry Minister Tarek Kabil told Reuters on…
Egyptian pound steady at dollar sale, stronger at parallel market
November 1, 2015
Egyptian pound steady at dollar sale, stronger at parallel market
The Egyptian pound was stable at a dollar sale on Sunday, as the central bank sold US$37.8 million at a…
MIDEAST STOCKS: Gulf markets slip after S&P downgrade of Saudi debt
November 1, 2015
MIDEAST STOCKS: Gulf markets slip after S&P downgrade of Saudi debt
Gulf stock markets fell in early trade on Sunday after Standard & Poor's downgraded Saudi Arabia's sovereign debt while keeping…
China’s October factory, services surveys show economy still wobbly
November 1, 2015
China’s October factory, services surveys show economy still wobbly
Activity in China's manufacturing sector unexpectedly contracted in October for a third straight month, an official survey showed on Sunday,…
Export development funds up to LE3.7 bn
October 31, 2015
Export development funds up to LE3.7 bn
Budget allocations for the Exports Development Fund have increased to LE3.7 billion from LE2.6 billion, Trade and Industry Minister Tareq Qabil…
Siemens could expand Egypt power deal, says CEO
October 30, 2015
Siemens could expand Egypt power deal, says CEO
Siemens could win an expansion of its record 8 billion euro ($8.8 billion) power deal with Egypt, the German industrial…
Egypt’s market gains LE2 bn on Thursday, EGX30 inches up 0.4%
October 29, 2015
Egypt’s market gains LE2 bn on Thursday, EGX30 inches up 0.4%
Egypt's stock market closed in the green zone on Thursday, as the benchmark EGX30 index inched up 0.38 percent to…
Zohr discovery to make Egypt’s status as LNG importer short-lived
October 29, 2015
Zohr discovery to make Egypt’s status as LNG importer short-lived
The huge Zohr natural gas field discovered by Eni off the coast of Egypt, could tip the country back into…
Egyptian pound steady at dollar sale, weaker at parallel market
October 29, 2015
Egyptian pound steady at dollar sale, weaker at parallel market
The Egyptian pound was stable at a dollar sale on Thursday, as the central bank sold $37.8 million at a…