Economy
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…
IFC’s clients boost financing for smaller businesses in MENA
November 17, 2015
IFC’s clients boost financing for smaller businesses in MENA
The International Finance Corporation (IFC), a member of the World Bank Group, has announced in a statement that it helped…
EBRD finances Damanhour power plant
November 17, 2015
EBRD finances Damanhour power plant
International Cooperation Minister Sahar Nasr signed a US$200 million agreement with the European Bank for Reconstruction and Development (EBRD) on…
UPDATE: Egyptian pound steady at auction, weaker on parallel market
November 17, 2015
UPDATE: Egyptian pound steady at auction, weaker on parallel market
Egypt's central bank kept the pound steady at LE7.7301 to the dollar at its official foreign currency auction on Tuesday,…
FEP’s investments in Egypt hit $1bn over 4 years: General Manager
November 16, 2015
FEP’s investments in Egypt hit $1bn over 4 years: General Manager
The Bahraini-headquarters First Equity Partner Group, a major investment bank in the Middle East region, has pumped more than one…