Economy
Dollar dips in Asia as stock markets extend gains
November 20, 2015
Dollar dips in Asia as stock markets extend gains
The dollar sank against emerging market currencies and the yen in Asia Friday after seeing sharp losses on Wall Street…
Egypt’s market gains LE4.8 bn on Thursday, EGX30 rises 2.4%
November 19, 2015
Egypt’s market gains LE4.8 bn on Thursday, EGX30 rises 2.4%
Egypt's stock market extended its gains on Thursday, as the benchmark EGX30 index rose 2.42 percent to 6,568 points with…
Egypt to issue $1.75 bln 1-year T-bill : central bank
November 19, 2015
Egypt to issue $1.75 bln 1-year T-bill : central bank
Egypt will issue a $1.75 billion one-year Treasury bill, the central bank said in a statement on Thursday.The auction deadline…
Saudi says oil price slump should not stop investment
November 19, 2015
Saudi says oil price slump should not stop investment
Saudi Oil Minister Ali al-Naimi called for sustained investment in new output capacity Thursday despite the slump in world prices.Naimi…
Egypt’s central bank holds pound at 7.7301 per dollar
November 19, 2015
Egypt’s central bank holds pound at 7.7301 per dollar
Egypt's central bank will hold the pound steady at LE7.7301 to the dollar at an official foreign currency auction on…
Weakening Egyptian pound to dollar will not solve economic crisis: expert
November 19, 2015
Weakening Egyptian pound to dollar will not solve economic crisis: expert
The Central Bank of Egypt governor's decision to raise the price of the Egyptian pound against the US dollar by…
INTERVIEW- New bond scheme seen for Middle East, N. Africa by spring: World Bank
November 18, 2015
INTERVIEW- New bond scheme seen for Middle East, N. Africa by spring: World Bank
A new international bond and grant scheme to help countries dealing with the fallout of war and instability in the…
Egypt’s market gains L880 mn on Wednesday, EGX30 inches up 0.1%
November 18, 2015
Egypt’s market gains L880 mn on Wednesday, EGX30 inches up 0.1%
Egypt's stock market closed in the green zone on Wednesday's session , as the benchmark EGX30 index on Thursday inched…
Egypt’s trade deficit decreases 25.7% in August 2015: CAPMAS
November 18, 2015
Egypt’s trade deficit decreases 25.7% in August 2015: CAPMAS
Egypt's trade deficit decreased by 25.7 percent to LE27.9 billion (US$3.6 billion) in August 2015, from LE37.5 a year earlier,…
Egypt’s market loses LE1.8 bn on Tuesday, EGX30 falls 1.1%
November 17, 2015
Egypt’s market loses LE1.8 bn on Tuesday, EGX30 falls 1.1%
Egypt's market incurred losses on Tuesday, with benchmark index EGX30 falling 1.13 percent to reach 6,407 points and a LE666…