Economy
Egypt’s treasury bond yields rise at Monday’s auction
January 11, 2016
Egypt’s treasury bond yields rise at Monday’s auction
Yields on Egypt's 18-month, three-year and seven-year treasury bonds rose at an auction on Monday, data from the Finance Ministry…
Egypt’s Orascom Construction wins $420 mn power plant contract
January 11, 2016
Egypt’s Orascom Construction wins $420 mn power plant contract
Egypt's Orascom Construction has been awarded a $420 million contract to revamp two government-owned power stations, the company said on…
Egyptian treasury bill yields rise at Sunday’s auction
January 10, 2016
Egyptian treasury bill yields rise at Sunday’s auction
Yields on Egypt's three and nine-month treasury bills rose at Sunday's auction, data from the central bank showed. The average yield…
Mideast stocks: Petrochemicals regain some strength in Saudi; Egypt tumbles
January 10, 2016
Mideast stocks: Petrochemicals regain some strength in Saudi; Egypt tumbles
A return of some strength to beaten-down petrochemical stocks helped support Saudi Arabia's stock market early on Sunday, while Egypt…
Decline in Egyptian business activity slows in in December-PMI
January 10, 2016
Decline in Egyptian business activity slows in in December-PMI
Business activity in Egypt shrank for the third month in a row in December, a survey showed, though at a…
Egypt’s urban consumer price inflation unchanged at 11.1 pct in Dec
January 10, 2016
Egypt’s urban consumer price inflation unchanged at 11.1 pct in Dec
Egypt's annual urban consumer inflation was steady at 11.1 percent, unchanged from the previous month, the official statistics agency CAPMAS…
‘Middle East effect’ on oil prices propels financial markets
January 9, 2016
‘Middle East effect’ on oil prices propels financial markets
A crisis in the oil-rich Middle East has historically meant an increase in oil prices; however this now seems a thing…
Facing US storm, VW set for easier ride in Europe on emissions scandal
January 9, 2016
Facing US storm, VW set for easier ride in Europe on emissions scandal
Volkswagen (VOWG_p.DE) is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime…
Saudi Arabia may sell part of its giant oil company
January 9, 2016
Saudi Arabia may sell part of its giant oil company
Saudi Arabia is considering selling shares in its state-owned giant oil company, Saudi Aramco.The company said Friday that it was…
Egyptian economy’s growth rate expected to decline in 2016 – World Bank
January 8, 2016
Egyptian economy’s growth rate expected to decline in 2016 – World Bank
The World Bank lowered its expectation for the economic growth rate in Egypt for the fiscal year 2015/2016 by 0.7…