Economy
Egyptian yields buck rate hike with modest rise at auction
December 29, 2015
Egyptian yields buck rate hike with modest rise at auction
Yields on Egypt's Treasury bonds rose only modestly at an auction on Monday, shrugging off an official rate rise, and…
Oil down 3 percent; Brent near 11-year low as oversupply worries return
December 29, 2015
Oil down 3 percent; Brent near 11-year low as oversupply worries return
Oil fell more than 3 percent on Monday, with global benchmark Brent back near 11-year lows as last week's short-covering…
Wall Street in 2016: What could possibly go wrong?
December 29, 2015
Wall Street in 2016: What could possibly go wrong?
By all rights, 2016 should be a good year for the US stock market. The Federal Reserve's recent rate hike signals…
Egypt’s quality authority to sell ISO certifications online
December 28, 2015
Egypt’s quality authority to sell ISO certifications online
The Egyptian Organization for Standardization and Quality (EOS) said Monday it had launched a website through which it would sell…
Japan’s factory output down 1.0% in November: government
December 28, 2015
Japan’s factory output down 1.0% in November: government
Japan's factory output fell 1.0 percent in November from the previous month, official data showed on Monday, as the country…
Levy imposed on fabric scraps to protect textile industry
December 27, 2015
Levy imposed on fabric scraps to protect textile industry
Trade and Industry Minister Tareq Qabil has applied an export fee of LE3,500 per ton of clippings and scrap fabrics…
Hurghada welcomed 8,000 tourists Saturday
December 27, 2015
Hurghada welcomed 8,000 tourists Saturday
Hurghada International Airport received 8,000 European tourists on board 60 separate flights on Saturday. German tourists accounted for the largest number…
Egypt’s central bank keeps pound at 7.7301 per dollar: traders
December 27, 2015
Egypt’s central bank keeps pound at 7.7301 per dollar: traders
Egypt's central bank kept the pound steady at LE7.7301 to the dollar at its official foreign currency auction on Sunday,…
Egyptian pound steady at official currency sale and black market
December 24, 2015
Egyptian pound steady at official currency sale and black market
The Egyptian pound held steady at an official foreign currency auction on Thursday and on the black market.Egypt, which depends…
Egypt struggles to pay for oil, LNG supplies amid foreign currency crisis
December 23, 2015
Egypt struggles to pay for oil, LNG supplies amid foreign currency crisis
Egypt is struggling to pay for U.S. dollar-priced oil product and liquefied natural gas (LNG) imports, cancelling purchases, and asking…