Economy
EFG Hermes launches Hassad fund
June 8, 2015
EFG Hermes launches Hassad fund
EFG Hermes, Saudi Arabia’s top-rank asset manager has launched Hasaad, a Sharia-compliant Saudi equity fund for local and foreign investors,…
COMESA: Free-trade agreement to increase two-way trade in Africa up to US$3 trillion
June 8, 2015
COMESA: Free-trade agreement to increase two-way trade in Africa up to US$3 trillion
COMESA Secretary General Sindiso Ngwenya is expecting a doubling of two-way trade after COMESA, the Southern African Development Community (SADC)…
EGX hosts Investors Summit on Tuesday
June 8, 2015
EGX hosts Investors Summit on Tuesday
The Egyptian Stock Exchange (EGX) is hosting the second Investors Summit on Tuesday, under the auspices of Prime Minister Ibrahim…
Egypt’s market loses LE2.8 billion on Monday, EGX30 down 0.7 %
June 8, 2015
Egypt’s market loses LE2.8 billion on Monday, EGX30 down 0.7 %
Egypt's stock market declined for the third session in a row, as the benchmark EGX30 index on Monday lost 0.65…
Egypt’s exports to Africa in 1st quarter of 2015 totals $810 million
June 8, 2015
Egypt’s exports to Africa in 1st quarter of 2015 totals $810 million
The Trade and Industry Ministry has announced that the total number of Egyptian exports to African countries amounted to US$810 million…
Egypt’s comeback bond should pave way for future deals
June 7, 2015
Egypt’s comeback bond should pave way for future deals
Robust global demand for Egypt's first bond in five years could prompt it to revisit the debt markets as early…
Egypt’s market loses LE2.8 billion on Sunday, EGX30 down 0.6 %
June 7, 2015
Egypt’s market loses LE2.8 billion on Sunday, EGX30 down 0.6 %
Egypt's stock market closed in the red zone on Sunday, as the benchmark EGX30 index declined by 0.59 percent, recording…
Cyprus gas field to produce 8 bcm a year with pipeline to Egypt
June 7, 2015
Cyprus gas field to produce 8 bcm a year with pipeline to Egypt
The Aphrodite natural gas field off Cyprus is commercially viable and plans call for producing 8 billion cubic metres (bcm)…
Egyptian pound steady at official auction, on black market
June 7, 2015
Egyptian pound steady at official auction, on black market
Egypt's central bank kept the pound's exchange rate steady at 7.53 to the dollar at a foreign exchange auction on…
Egypt’s current account hits deficit of $4.1 bn in Jan-March quarter
June 7, 2015
Egypt’s current account hits deficit of $4.1 bn in Jan-March quarter
Egypt's current account deficit registered $4.1 billion in the three months to March from a surplus of $322.9 million in…