Economy

Oil bounces off three-week lows as Greek debt default looms

Oil bounces off three-week lows as Greek debt default looms

Oil prices bounced from three-week lows in choppy trade on Tuesday as investors awaited a Greek debt default, shying away…
Egypt’s Emaar Misr says to list on EGX on July 5

Egypt’s Emaar Misr says to list on EGX on July 5

 Egypt's Emaar Misr for Development will now list on the Egyptian Exchange on or around July 5, it said in…
EGX vacation on Tuesday for occasion of June 30

EGX vacation on Tuesday for occasion of June 30

The Egyptian Exchange (EGX) is closed on Tuesday upon the decision of Ibrahim Mehleb, the prime minister, it was decided…
MIDEAST STOCKS: Global uncertainty may dampen Gulf, bombing may weaken Egypt

MIDEAST STOCKS: Global uncertainty may dampen Gulf, bombing may weaken Egypt

Uncertainty in global financial markets may keep Gulf stock markets on the back foot on Tuesday, while the death of…
Egypt restricts GDR deals to pounds for local investors

Egypt restricts GDR deals to pounds for local investors

Egyptian Stock Exchange on Monday ordered that Egyptian investors who buy global depository receipts (GDRs) by purchasing shares on the Cairo…
Egypt seeks Huajian contribution to leathers hub

Egypt seeks Huajian contribution to leathers hub

Egypt is negotiating with Chinese leather manufacturing giant Huajian Group to establish the latter’s contribution in a leather industry hub…
Egypt’s market loses LE4.4 billion on Monday, EGX30 drops 1.7%

Egypt’s market loses LE4.4 billion on Monday, EGX30 drops 1.7%

Egypt's market lost ground on Monday’s session, as the benchmark EGX30 index fell 1.65 percent, recording 8,371.53 points and a…
Egypt’s passenger cars sales fall 22% y-o-y in May

Egypt’s passenger cars sales fall 22% y-o-y in May

Egypt’s passenger car sales fell 22 percent year-over-year in May to 13,000 cars, according to a report by the Automotive…
Egypt-Sudan trade surplus down US$179 mn in 2014

Egypt-Sudan trade surplus down US$179 mn in 2014

The surplus of inter-trade between Egypt and Sudan declined to US$280.1 million in 2014, down from US$459.1 million in 2013,…
Egypt signs up for Asian infrastructure investment bank

Egypt signs up for Asian infrastructure investment bank

Egypt signed on Monday the founding agreement for the nascent Asian Infrastructure Investment Bank in Beijing. Egypt’s ambassador to China, Magdy…
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