Business
UAE’s NBAD and National Bank of Egypt to advise on Egypt Midor’s $1.4 bln expansion
September 17, 2015
UAE’s NBAD and National Bank of Egypt to advise on Egypt Midor’s $1.4 bln expansion
National Bank of Abu Dhabi (NBAD), the United Arab Emirates' largest lender by assets, and National Bank of Egypt will…
Worries over global growth weigh as Fed mulls rate hike
September 17, 2015
Worries over global growth weigh as Fed mulls rate hike
China's economic downturn and weak inflation pose a challenge to the US Federal Reserve as it weighs raising interest rates…
Egypt’s exports drop 20% in August
September 17, 2015
Egypt’s exports drop 20% in August
Egyptian exports, other than petrochemical products, dropped by 19.87 percent to reach LE11,005 billion (US$1,433 billion) in August 2015, compared to LE12,687…
Egypt’s market gains LE2.3 bn on Wednesday, EGX30 rises 1.3%
September 16, 2015
Egypt’s market gains LE2.3 bn on Wednesday, EGX30 rises 1.3%
Egypt's stock market closed on the green zone for a fourth straight session, as the benchmark EGX30 index on Wednesday…
EgyptAir Tourism travel agency announces Eid offers
September 16, 2015
EgyptAir Tourism travel agency announces Eid offers
EgyptAir Tourism (Karnak) and the Duty Free travel agency are offering all-inclusive trips including accommodation, transportation and tickets for Arab…
Global markets wait nervously for Fed’s rate decision
September 16, 2015
Global markets wait nervously for Fed’s rate decision
Financial markets that have been buffeted by the prospect of the first US interest rate hike in almost a decade…
WIEF chairman: High time for Egypt to join strong economic blocs
September 16, 2015
WIEF chairman: High time for Egypt to join strong economic blocs
Chairman of World Islamic Economic Forum (WIEF) Tun Musa Hitam has said time is ripe for Egypt to join strong…
Egypt’s market lost LE250 mn Tuesday, EGX30 inches up 0.24 %
September 15, 2015
Egypt’s market lost LE250 mn Tuesday, EGX30 inches up 0.24 %
The Egyptian stock exchange's benchmark index EGX30 inched up 0.24 percent to 7,175.59 points Tuesday , while the EGX market lost…
Egypt Central Bank seen keeping rates on hold: survey
September 15, 2015
Egypt Central Bank seen keeping rates on hold: survey
Egypt's central bank is expected to keep interest rates unchanged on Thursday as it balances efforts to control inflation with…
Egyptian pound stable at dollar sale, stronger at exchange bureaux
September 15, 2015
Egyptian pound stable at dollar sale, stronger at exchange bureaux
The Egyptian pound was held steady by the central bank at a dollar sale on Tuesday, selling $37.8 million at…