Economy
Egypt’s bonds slip as economy remains shaky
October 29, 2015
Egypt’s bonds slip as economy remains shaky
Egypt's bonds have been sliding hard and fast and the cost of insuring them against default has risen to levels…
Central Bank governor promises to review foreign currency deposit restrictions
October 29, 2015
Central Bank governor promises to review foreign currency deposit restrictions
Central Bank Governor Tarek Amer, who begins his term on November 27, promised businessmen that he would review all restrictions…
Middle East funds turn negative on equities: survey
October 29, 2015
Middle East funds turn negative on equities: survey
Middle East fund managers have on balance turned negative towards equities in the region because of low oil prices, instability…
Egypt’s market loses LE4.5 bn on Wednesday, EGX30 down 0.7%
October 28, 2015
Egypt’s market loses LE4.5 bn on Wednesday, EGX30 down 0.7%
Egypt's market closed in the red zone for the third session in a row, as the benchmark EGX30 index Wednesday…
Egypt drops to 131st place in quality of business environment: World Bank
October 28, 2015
Egypt drops to 131st place in quality of business environment: World Bank
Egypt has ranked 131st among 188 countries when gauging positive factors encouraging local and foreign investors to start a business,…
EgyptAir to launch 10-year restructuring plan: chairman
October 28, 2015
EgyptAir to launch 10-year restructuring plan: chairman
EgyptAir, the state-owned flag carrier, is in final stages of launching an overhaul and expansion plan that will reverse its…
Eni will restart aggressive exploration cycle once crude back at $70 a barrel
October 27, 2015
Eni will restart aggressive exploration cycle once crude back at $70 a barrel
Italy's Eni will re-start an aggressive exploration campaign once crude prices rise to US$70 dollars a barrel, the company's chief…
Egypt’s market loses LE1.9 bn on Tuesday, EGX30 declines 0.6%
October 27, 2015
Egypt’s market loses LE1.9 bn on Tuesday, EGX30 declines 0.6%
Egypt's market closed in the red zone for the second session in a row, as the benchmark EGX30 index Tuesday…
Egyptian pound steady at dollar sale, weaker at parallel market
October 27, 2015
Egyptian pound steady at dollar sale, weaker at parallel market
The Egyptian pound was stable at a dollar sale on Tuesday as the central bank sold $37.8 million at a…
UK economy slows to 0.5% growth in third quarter
October 27, 2015
UK economy slows to 0.5% growth in third quarter
Britain's economy experienced a slowdown in the third quarter of 2015, hit by shrinking construction and manufacturing activity, official data…