Business
Egypt extends high-moisture wheat exemption for one year
August 27, 2015
Egypt extends high-moisture wheat exemption for one year
Egypt will accept higher moisture levels in government tenders to buy wheat for one year after an initial exemption expires…
Egypt bans rice exports as of Sept. 1
August 27, 2015
Egypt bans rice exports as of Sept. 1
Egypt will ban rice exports again as of Sept. 1. to satisfy domestic consumption, the ministry of trade and industry…
Surprised by global impact of yuan move, China looks to calm markets
August 27, 2015
Surprised by global impact of yuan move, China looks to calm markets
China has been so surprised by the global reaction to its currency devaluation that it is likely to keep the…
Egypt’s non-petroleum exports recede by 18.7% in 7 months
August 27, 2015
Egypt’s non-petroleum exports recede by 18.7% in 7 months
Non-petroleum exports declined during the first seven months of the year by 18.7 percent to reach 11.150 billion dollars compared…
Russia plans to increase wheat supplies to Egypt – Putin
August 27, 2015
Russia plans to increase wheat supplies to Egypt – Putin
Russia plans to increase wheat supplies to Egypt, Russia's President Vladimir Putin said on Wednesday.According to Putin, Russia sold 4…
Egypt’s market gains LE90 million on Wednesday, EGX30 inches 0.5 %
August 26, 2015
Egypt’s market gains LE90 million on Wednesday, EGX30 inches 0.5 %
Egypt's equities closed in the green zone on Wednesday's session, as the benchmark EGX30 index inched up 0.53 percent, to…
Competition among travel agencies affects tourism in Red Sea
August 26, 2015
Competition among travel agencies affects tourism in Red Sea
Competition between foreign travel agencies operating in the Red Sea has increased, leading to a significant decline in accomodation prices…
Euromoney: Egyptian economy faces tremendous challenges
August 26, 2015
Euromoney: Egyptian economy faces tremendous challenges
The Euromoney institution has announced that the Egyptian economy is going through a critical stage and faces tremendous challenges that…
MIDEAST STOCKS: Saudi stocks pull back, Egypt stalls
August 26, 2015
MIDEAST STOCKS: Saudi stocks pull back, Egypt stalls
Saudi Arabia's stock market pulled back in early trade on Wednesday as buying in blue chips petered out, while Egypt's…
Fitch raises Greece rating
August 25, 2015
Fitch raises Greece rating
Fitch Ratings raised its credit grade for Greece by one notch to CCC Tuesday, saying the new bailout deal reached…