Economy
CNN: 4 reasons Russia and Turkey can’t afford a trade war
December 1, 2015
CNN: 4 reasons Russia and Turkey can’t afford a trade war
A war of words has erupted after Turkey shot down a Russian warplane on Tuesday. Russian President Vladimir Putin called the…
Auction yields on Egypt’s 1.5-yr and 3-yr rise, 7-yr T-bonds drop
November 30, 2015
Auction yields on Egypt’s 1.5-yr and 3-yr rise, 7-yr T-bonds drop
Yields on one-and-a-half-year and three-year treasury bonds rose while seven-year bonds dropped at an auction on Monday, data from the…
Egypt’s market loses LE3.9 bn on Monday, EGX30 drops 1.9%
November 30, 2015
Egypt’s market loses LE3.9 bn on Monday, EGX30 drops 1.9%
Egypt's market suffered losses during Monday's session, with the benchmark index EGX30 dropping by 1.87 percent, reaching 6,357 points and…
Oil set for 10 percent fall in November as supply glut persists
November 30, 2015
Oil set for 10 percent fall in November as supply glut persists
Oil prices on Monday were on course to end November some 10 percent lower as a global supply glut showed…
IFC to invest in Egypt-based Sphinx Glass
November 30, 2015
IFC to invest in Egypt-based Sphinx Glass
The International Finance Corporation (IFC), a member of the World Bank Group, announced on Sunday that it is investing in…
Mideast funds a bit more positive on stocks, bearish on bonds: survey
November 30, 2015
Mideast funds a bit more positive on stocks, bearish on bonds: survey
Middle East fund managers have become slightly more positive on regional equities after valuations fell, and more bearish on bonds…
Egypt inaugurates 270 mn-euro wind turbine plant
November 29, 2015
Egypt inaugurates 270 mn-euro wind turbine plant
Egypt’s Electricity and Renewable Energy Minister Mohamed Shaker opened an EU-funded wind turbine station for electricity production at a total cost…
Egypt Central Bank to hold pound steady at first auction under new governor: traders
November 29, 2015
Egypt Central Bank to hold pound steady at first auction under new governor: traders
Egypt's central bank will hold the pound steady at LE7.7301 to the dollar at an official foreign currency auction on…
Private company awaits permit for gas import from Israel
November 29, 2015
Private company awaits permit for gas import from Israel
An Egyptian private energy firm is a waiting for permission from Egypt’s national gas company to begin importing natural gas…
New c.bank chief watched in Egypt
November 29, 2015
New c.bank chief watched in Egypt
In Egypt, investors will be watching the level of the Egyptian pound at official auctions and in the parallel market…