Economy

Egypt’s bonds slip as economy remains shaky

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

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

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%

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

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

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

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%

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

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

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…
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