Economy
Govt blames slight wheat cultivations shrink on floods
December 17, 2015
Govt blames slight wheat cultivations shrink on floods
A slight decline in Egypt’s total wheat cultivations to 2,754 million feddans is the result of floods and heavy rainfall…
Egypt-Saudi Arabia trade exchange hits $3.7 bn in 8 months
December 16, 2015
Egypt-Saudi Arabia trade exchange hits $3.7 bn in 8 months
The volume of trade exchange between Egypt and Saudi Arabia hit US$3.67 billion in 8 months in 2015.Egypt's imports from…
Investments of private insurance funds LE43 bn in 2014: FSA
December 16, 2015
Investments of private insurance funds LE43 bn in 2014: FSA
Investments of private insurance funds were raised from LE40 billion in 2013 to LE43 billion in 2014, according to Financial…
Egypt’s market gains LE2.5 bn on Wednesday, EGX30 rises 1.1%
December 16, 2015
Egypt’s market gains LE2.5 bn on Wednesday, EGX30 rises 1.1%
Egypt's stock market closed higher for a third session in a row, as the benchmark EGX30 index on Wednesday rose…
Cairo among the world’s best cities to launch startups: Forbes
December 16, 2015
Cairo among the world’s best cities to launch startups: Forbes
Despite the deteriorating economic situation in the country, Egyptian entrepreneurs seem to be gearing up to change current circumstances. According to…
Egypt to hold 4G communication technology tender by end of 2016
December 16, 2015
Egypt to hold 4G communication technology tender by end of 2016
Egypt will begin the tender process for high-speed 4G frequencies for the country’s four communication providers by the end of 2016,…
Afreximbank plans $3.5 bn in trade finance to ease Africa forex crunch
December 16, 2015
Afreximbank plans $3.5 bn in trade finance to ease Africa forex crunch
The African Export-Import Bank said on Tuesday it had approved a trade financing program to provide more than US$3.5 billion…
Egypt central bank expected to leave rates unchanged
December 15, 2015
Egypt central bank expected to leave rates unchanged
Egypt's central bank is expected to hold interest rates in Thursday's monetary policy meeting, according to an informal survey of…
Egyptian pound steady at forex auction, weaker on black market
December 15, 2015
Egyptian pound steady at forex auction, weaker on black market
The Egyptian pound held steady at an official foreign currency auction on Tuesday and weakened slightly on the black market. Egypt,…
Egypt’s market gains LE620 mn on Tuesday, EGX30 inches up 0.2%
December 15, 2015
Egypt’s market gains LE620 mn on Tuesday, EGX30 inches up 0.2%
Egypt's stock market closed in the green zone on Tuesday's session, as the benchmark EGX30 index inched up 0.2 percent…