Economy

Banks consider $300 mn loan to Suez Canal Authority

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

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

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

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

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

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

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%

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

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

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…
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