Economy
Oil bounces off three-week lows as Greek debt default looms
June 30, 2015
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
June 30, 2015
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
June 30, 2015
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
June 30, 2015
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
June 29, 2015
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
June 29, 2015
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%
June 29, 2015
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
June 29, 2015
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
June 29, 2015
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
June 29, 2015
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…