Economy
Egypt’s stock market edges down in early trade
February 10, 2016
Egypt’s stock market edges down in early trade
The Egyptian stock market’s benchmark index EGX 30 moved down by around 0.08 percent in the first 15 minutes of…
Egypt’s annual urban consumer price inflation falls to 10.7 pct in Jan
February 10, 2016
Egypt’s annual urban consumer price inflation falls to 10.7 pct in Jan
Egypt's annual urban consumer inflation fell to 10.7 percent in January, the official statistics agency CAPMAS said on Wednesday, down…
Egypt cancels temporary tariff on sugar imports: trade ministry
February 9, 2016
Egypt cancels temporary tariff on sugar imports: trade ministry
Egypt is cancelling a temporary tariff levied on sugar imports in 2015 after completing an investigation into possible dumping of…
Egyptian pound marginally weaker on black market, steady at official auction
February 9, 2016
Egyptian pound marginally weaker on black market, steady at official auction
The Egyptian pound continued to weaken on the black market on Tuesday, piling more pressure on the central bank to…
Egypt PM says VAT bill to go to parliament this month
February 9, 2016
Egypt PM says VAT bill to go to parliament this month
Egyptian Prime Minister Sherif Ismail said the government expects to present a long-awaited value added tax (VAT) bill to parliament…
Mideast stocks: Egypt tumbles, follows global market rout; Saudi slips
February 9, 2016
Mideast stocks: Egypt tumbles, follows global market rout; Saudi slips
Egypt's stock market fell more than 2 percent in early trade on Tuesday, following global shares lower, while Riyadh's index…
GM suspends Egypt operations due to currency crisis: company source
February 9, 2016
GM suspends Egypt operations due to currency crisis: company source
General Motors has temporarily suspended its operations in Egypt due a currency crisis, a company source told Reuters on Monday. Import-dependent…
Egypt’s 3-yr and 7-yr treasury bond yields rise at Monday’s auction
February 8, 2016
Egypt’s 3-yr and 7-yr treasury bond yields rise at Monday’s auction
Yields on Egypt's 3-year and 7-year bonds rose at an auction on Monday while the yield on its 1.5-year zero…
Egypt’s central bank receives $900 mln from China under Jan deal
February 8, 2016
Egypt’s central bank receives $900 mln from China under Jan deal
Egypt's central bank has received US$900 million from the China Development Bank under a $1 billion financing agreement signed last…
Egypt to set 2016-17 budget at devalued exchange rate
February 8, 2016
Egypt to set 2016-17 budget at devalued exchange rate
Egypt is preparing its 2016-2017 budget on the basis of an exchange rate of LE8.25 to the dollar, as compared…