Economy

UPDATE: Egypt’s grain buyer frees up wheat payment terms amid currency crisis

UPDATE: Egypt’s grain buyer frees up wheat payment terms amid currency crisis

Egypt's General Authority for Supply Commodities (GASC), said that it has changed the terms of payment for wheat purchased in…
Egypt, Jordan agree to continue policy of truck entry during 2016

Egypt, Jordan agree to continue policy of truck entry during 2016

Egypt and Jordan on Tuesday agreed to continue following the same policy of the entry of trucks and refrigerator trucks…
Egypt’s market gains LE760 mn on Tuesday, EGX30 inches up 0.1%

Egypt’s market gains LE760 mn on Tuesday, EGX30 inches up 0.1%

Egypt's stock market closed in the green zone for a seventh session in a row, as the benchmark EGX30 index…
Egypt’s Beltone Capital targets share sale in 2016

Egypt’s Beltone Capital targets share sale in 2016

Egypt's Beltone Capital, which aims to raise LE1 billion ($128 million) in an initial public offering, has pushed back its…
Egyptian pound steady at official forex sale and on black market

Egyptian pound steady at official forex sale and on black market

The Egyptian pound held steady at an official foreign currency auction on Tuesday and was unchanged on the black market. Egypt,…
Egypt’s central bank dollar sales total $7.6 bn in recent weeks, official says

Egypt’s central bank dollar sales total $7.6 bn in recent weeks, official says

Egypt's central bank has sold $7.6 billion in recent weeks to make it easier for importers pay for goods, an…
Telecom Egypt projects 2016 revenue growth of 7-9%

Telecom Egypt projects 2016 revenue growth of 7-9%

Telecom Egypt, the country's state-owned landline monopoly, expects revenue growth between 7 and 9 percent in 2016, it said on…
FEI’s committee rejects amendments to Investment Incentives Law

FEI’s committee rejects amendments to Investment Incentives Law

The investment and investors committee of the Federation of Egyptian Industries (FEI) said that it rejects amendments to some provisions…
Oil prices hit 11-year low as global supply balloons

Oil prices hit 11-year low as global supply balloons

Brent oil cratered to its lowest price in more than 11 years on Monday and remained locked within a narrow…
Egypt economy likely to slow as inflation bites: Analysts

Egypt economy likely to slow as inflation bites: Analysts

The Egyptian economy is tabled for slower growth as high inflation dogs consumers, analysts said."Inflation is above peers and is…
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