Business
Egyptian pound steady at official auction, weaker at exchange bureaus
August 23, 2015
Egyptian pound steady at official auction, weaker at exchange bureaus
Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Sunday, and the…
CAPMAS: 18.9% decrease in Egyptian exports during April 2015
August 23, 2015
CAPMAS: 18.9% decrease in Egyptian exports during April 2015
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced a decrease in Egyptian exports in April 2015 estimated by…
MIDEAST STOCKS: Weak oil, Saudi credit outlook cut to weigh on markets
August 23, 2015
MIDEAST STOCKS: Weak oil, Saudi credit outlook cut to weigh on markets
Further weakness in oil prices and the decision by Fitch Ratings to cut its outlook for Saudi Arabia's debt look…
South Sinai investors recommend 2-year halt to property tax
August 22, 2015
South Sinai investors recommend 2-year halt to property tax
Investors in South Sinai are demanding a moratorium for real estate taxes as an incentive for an already reeling tourism…
Egypt company denies LNG imports via Jordan
August 22, 2015
Egypt company denies LNG imports via Jordan
Egypt has denied news reports it is seeking to import liquefied natural gas (LNG) via Jordan’s Aqaba. Khaled Abdel Badie, head…
Egyptian pound at risk since yuan’s depreciation
August 22, 2015
Egyptian pound at risk since yuan’s depreciation
The Egyptian pound is one of several currencies to suffer from China’s depreciation of its yuan on August 11, Bloomberg…
Fitch revises Saudi Arabia’s outlook to negative
August 22, 2015
Fitch revises Saudi Arabia’s outlook to negative
Fitch Ratings revised its outlook on Saudi Arabia's foreign and local currency issuer default rating (IDR) to "negative" from "stable,"…
Experts: Stock market collapse due to US-China conflict
August 21, 2015
Experts: Stock market collapse due to US-China conflict
The Egyptian stock market lost LE41 billion in six sessions last week, and is expected to lose more. Experts attributed the…
JWT advertising agency to promote tourism for 3 years
August 21, 2015
JWT advertising agency to promote tourism for 3 years
Sami Mahmoud, head of the Tourism Promotion Authority, said the JWT advertising agency was chosen to devise a promotional campaign…
Saudi investment company dispute resolved
August 21, 2015
Saudi investment company dispute resolved
The Saudi-Egyptian Businessmen Association (SEBA) said that a committee of the Defense Ministry and the Administrative Control Authority has resolved…