Economy
Egypt’s fight against currency black market a double-edged weapon
September 29, 2015
Egypt’s fight against currency black market a double-edged weapon
Egypt’s efforts to combat illegal currency exchanges, besides succeeding largely in curtailing the shadowy dollar trade, has negatively impacted businesses…
Commodities in crisis as Asian shares tumble and shipper files for bankruptcy
September 29, 2015
Commodities in crisis as Asian shares tumble and shipper files for bankruptcy
A Japanese shipper filed for bankruptcy on Tuesday and global trading firm Louis Dreyfus posted lower profits, the latest victims…
MIDEAST STOCKS: Gulf slips as oil prices, Asian equities sag
September 29, 2015
MIDEAST STOCKS: Gulf slips as oil prices, Asian equities sag
Gulf stock markets fell in thin early trade on Tuesday, hit by weakness in oil and Asian share prices.Dubai's index…
Egypt to participate in Marmomacc Italian exhibition
September 29, 2015
Egypt to participate in Marmomacc Italian exhibition
About 23 Egyptian companies will take part in the 50th session of the Marmomacc international trade fair for stone, design and…
Egypt’s market gains LE1.1 bn on Monday, EGX30 rises 0.9%
September 28, 2015
Egypt’s market gains LE1.1 bn on Monday, EGX30 rises 0.9%
Egypt's stock market closed in the green zone after a long Eid al-Adha holiday, as the benchmark EGX30 index on…
INTERVIEW: Egypt tourism industry expects moderate growth in 2015
September 28, 2015
INTERVIEW: Egypt tourism industry expects moderate growth in 2015
Egypt's tourism industry, hit by years of political upheaval and militant violence, is expected to post moderate growth this year…
Kellogg Acquires Egyptian cereal maker Mass Food Group
September 28, 2015
Kellogg Acquires Egyptian cereal maker Mass Food Group
The Kellogg Company announced it has acquired Egypt's leading cereal company, Mass Food Group for approximately US$50 million on Monday. "As…
Egypt textile imports from India at US$360 mn
September 28, 2015
Egypt textile imports from India at US$360 mn
Egypt imported textile products from India worth US$360 million during the 2014-2015 fiscal year, a statement by the Indian embassy…
FM considers smart cards for farmer subsidization
September 28, 2015
FM considers smart cards for farmer subsidization
The Finance Ministry is considering smart cards for farmers to provide them with some financial support, the ministry said in…
Dollar rises on rate hike talk, stocks hurt by China fears
September 28, 2015
Dollar rises on rate hike talk, stocks hurt by China fears
An uptick in US economic growth increased expectations the Federal Reserve will hike US interest rates by the end of…