Economy

Private sector investments in 2015-2016 plan up to 70%

Planning Minister Ashraf al-Araby
24 Apr 2015
Nihal al-Megharbel, senior advisor to the planning minister, said the government is putting the final touches to the 2015-2016 social and economic reform plan, noting that investments by the private sector constitute 70 percent of the plan...
Yes

Egypt's market loses $4 billion in week, EGX30 index drops 1.8%

cairo stock 
24 Apr 2015
Egypt's stock market shares plunged by 4 billion this week, and all indexes were down, Egyptian Exchange data showed. The EGX30 index, the EGX70 index and the EGX70 index all were down this week by 1.75 percent, 0.7 percent and 1.9...
Yes

Oil prices edge down from 2015-highs, but set for weekly gain

© Getty/AFP/File | US benchmark West Texas Intermediate for January delivery sank $1.16 in afternoon trade to $54.77
 
 
 
24 Apr 2015
 Oil prices held steady on Friday near 2015-highs reached the session before, remaining on track for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. Crude prices on both...
Yes

Chairman:Egyptian state company to present major solar power project

An employee is seen on the production line of the solar energy department at the Arab International Optronics (AIO) factory on the outskirts of Cairo, November 17, 2011. Picture taken November 17, 2011. REUTERS/Asmaa Waguih
 


 
 

 
23 Apr 2015
A megaproject to generate 100 megawatts of energy using solar power in Upper Egypt's Aswan city will be put forth by a state company, its chairman said on Thursday. The project will involve companies from Egypt and five other...
Yes

Egyptian pound steady at forex auction, eases on black market

dollar vs Egyptian pound
23 Apr 2015
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday while the currency weakened on the black market. The central bank has kept the official exchange rate steady for more than two...
Yes

Egypt's market gains LE3.5 billion on Thursday, EGX30 rises 1.18%

cairo stock 
23 Apr 2015
Egypt's market closed in the green zone on Thursday's session, with the benchmark index EGX30 increasing by 1.18 percent to record 8,731 points at a turnover of 474 million, according to the data from the Egyptian Exchange. The...
Yes

LE1 bn from the treasury to buy first batch of Egyptian wheat

23 Apr 2015
Finance Minister Hani Qadri Demian has allocated LE10 billion for the government to buy domestically-grown wheat, with LE1 billion to purchase the first batch. The rest of the amount will be taken from next year’s budget ...
Yes

Egyptian pound steady at forex auction, eases on black market





Reuters/Reuters - An employee counts money at a bank in Cairo September 4, 2014. REUTERS/Asmaa Waguih






 


 
22 Apr 2015
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Wednesday while the currency weakened on the black market. The central bank has kept the official exchange rate steady for more than two...
Yes

Oil extends losses as Saudis halt Yemen strikes

A ship passes a petro-industrial complex in Kawasaki near Tokyo December 18, 2014.
 
22 Apr 2015
Global oil prices fell on Wednesday after a Saudi-led coalition declared an end to four weeks of air strikes in Yemen, and ahead of a key US supply report. Brent North Sea crude for delivery in June delivery dropped 44 cents to $61.64 a...
Yes

Egypt says buys 120,000 tons local wheat in first week of season

22 Apr 2015
Egypt has purchased 120,000 tons of its own wheat since it started its local procurement season last week, the supplies minister said on Wednesday.   It is the world's largest importer of wheat. It is targeting 3.7 million tons of...
Yes