Economy
Egypt invites firms to settle 45-cargo LNG tender this weekend
October 10, 2015
Egypt invites firms to settle 45-cargo LNG tender this weekend
Egypt is due to settle a closely watched tender for the purchase of 45 liquefied natural gas (LNG) cargoes this…
Osborne sees global risks rising, but sanguine on China
October 10, 2015
Osborne sees global risks rising, but sanguine on China
Global economic risks are rising and Britain will not be immune, chancellor George Osborne said on Friday, but he said…
Egypt’s market gains $5.3 bn in a week, EGX 30 index rises 2.5%
October 9, 2015
Egypt’s market gains $5.3 bn in a week, EGX 30 index rises 2.5%
Egypt's stock market has witnessed wins of LE5.3 billion (US$680 million) this week, as all indexes jumped, Egyptian Exchange data…
Orascom Telcom and Act Financial seek 100 pct of Beltone Financial
October 8, 2015
Orascom Telcom and Act Financial seek 100 pct of Beltone Financial
Orascom Telecom Media and Technology and Act Financial are seeking to acquire 100 percent of Beltone Financial, Orascom Telecom said…
Egypt’s market gains LE4.2 bn on Wednesday, EGX30 rises 1.6%
October 7, 2015
Egypt’s market gains LE4.2 bn on Wednesday, EGX30 rises 1.6%
Egypt's stock market closed in the green zone on Wednesday, as the benchmark EGX30 index rose 1.59 percent to 7,354.56…
MIDEAST STOCKS: Gulf rises on strong oil; Dubai tests chart barrier
October 7, 2015
MIDEAST STOCKS: Gulf rises on strong oil; Dubai tests chart barrier
Gulf stock markets rose moderately in early trade on Wednesday after oil prices jumped overnight, although modest trading volumes on…
Oil rally lifts energy firms, dollar eases on risk confidence
October 7, 2015
Oil rally lifts energy firms, dollar eases on risk confidence
Oil prices on Wednesday extended a rally on hopes a global supply glut could be easing, boosting Asian energy shares,…
Rice exports regulator says no need to raise prices
October 6, 2015
Rice exports regulator says no need to raise prices
Egypt’s rice export council said the Trade and Industry Ministry’s recent decision to open the door for chaffed rice exports for six…
Egypt plans new Mediterranean gas exploration round in first half 2016
October 6, 2015
Egypt plans new Mediterranean gas exploration round in first half 2016
Egypt is preparing to launch a new bidding round for gas exploration off the Mediterranean coast in the first half…
Govt still in limbo over foreign reserves
October 6, 2015
Govt still in limbo over foreign reserves
The government is still in a state of confusion as a foreign currency crisis bites harder, with the Central Bank…