Economy
Egypt’s market gains LE370 mn on Monday, EGX30 rises 0.8%
December 21, 2015
Egypt’s market gains LE370 mn on Monday, EGX30 rises 0.8%
The Egyptian benchmark EGX30 index closed in the green zone for a sixth session in a row at 6,762 points…
Egypt’s 5-year, 10-year treasury bonds steady at auction
December 21, 2015
Egypt’s 5-year, 10-year treasury bonds steady at auction
Yields on five-year and 10-year treasury bonds were steady at an auction on Monday, data from the central bank showed. The…
Egypt’s trade balance deficit declines 22.1% in Sept. 2015: CAPMAS
December 21, 2015
Egypt’s trade balance deficit declines 22.1% in Sept. 2015: CAPMAS
Egypt's trade balance deficit reached LE29.49 billion (US$3.8 billion) in September, representing a 22.1 percent decrease compared to LE37.86 billion…
Egypt, Arab investment funds approve loans to support Sinai development
December 21, 2015
Egypt, Arab investment funds approve loans to support Sinai development
One-billion-dollar loans have been reached with some Arab investment funds to finance development projects in Sinai, Egyptian International Cooperation Minister Sahar…
Banking consortium inks deal to establish 3 power plants in Egypt
December 21, 2015
Banking consortium inks deal to establish 3 power plants in Egypt
A banking consortium inked on Sunday a LE10 billion agreement with the electricity sector to establish three power plants in…
Libya’s eastern oil company says signs shipment deal with Egypt
December 21, 2015
Libya’s eastern oil company says signs shipment deal with Egypt
The state oil company of Libya's eastern government has signed a deal to sell 2 million barrels of crude to…
Egypt’s market gains LE750 mn on Sunday, EGX30 rises 0.6%
December 20, 2015
Egypt’s market gains LE750 mn on Sunday, EGX30 rises 0.6%
Egypt's stock market closed in the green zone for a fifth session in a row, as the benchmark EGX30 index…
Egyptian pound steady at forex sale and on black market
December 20, 2015
Egyptian pound steady at forex sale and on black market
The Egyptian pound held steady at an official foreign currency auction on Sunday and on the black market. Egypt, which depends…
Saudi businessman in talks with Egypt over $4 bn tourism project in Sharm
December 20, 2015
Saudi businessman in talks with Egypt over $4 bn tourism project in Sharm
A Saudi businessman is in talks with Egyptian authorities over a US$4 billion tourism resort in Egypt's Red Sea region…
Egypt’s non-petroleum exports drop 19% in November 2015
December 20, 2015
Egypt’s non-petroleum exports drop 19% in November 2015
Egypt’s non-petroleum exports dropped 18.7 percent year-on-year in November 2015 to US$1.4 billion, compared with $1.7 billion in the same…