Economy
Egypt returns ex-governor Okda to central bank fold
November 26, 2015
Egypt returns ex-governor Okda to central bank fold
Egypt has appointed ex-central bank governor Farouk al-Okda to a high-level committee at the central bank as part of a…
Egypt, IMO sign deal on shipping industry
November 26, 2015
Egypt, IMO sign deal on shipping industry
A deal was signed with the International Maritime Organization (IMO) to boost relations between the UN agency and Egypt in…
Saudi Arabia grants Egypt $100 mn loan for power station
November 25, 2015
Saudi Arabia grants Egypt $100 mn loan for power station
Saudi Arabia's permanent representative in the Arab League and Saudi Ambassador to Cairo, Ahmed bin Abdulaziz Qattan, has announced that…
7 became multi-billionaires with wheat monopoly: supply minister
November 25, 2015
7 became multi-billionaires with wheat monopoly: supply minister
Egypt’s wheat imports are monopolized by seven figures who turned into multi-billionaires thanks to that monopoly, Supply and Internal Trade…
Singapore lowers 2015 growth forecast to ‘close to 2.0%’
November 25, 2015
Singapore lowers 2015 growth forecast to ‘close to 2.0%’
Singapore's economic growth will dip to "close to 2.0 percent" this year after the city-state avoided a technical recession, the…
Egypt’s market loses LE5.2 bn on Tuesday, EGX30 drops 2%
November 24, 2015
Egypt’s market loses LE5.2 bn on Tuesday, EGX30 drops 2%
Egypt's market suffered heavy losses again during Tuesday's session, with the benchmark index EGX30 dropping by 2.01 percent, reaching 6,321…
Egyptian pound steady at dollar sale, lower at parallel market
November 24, 2015
Egyptian pound steady at dollar sale, lower at parallel market
The Egyptian pound was stable at a dollar sale on Tuesday, with the central bank selling US$37.8 million at a…
EGPC says Italy’s Edison will complete seismic survey of area around Zohr field next month
November 24, 2015
EGPC says Italy’s Edison will complete seismic survey of area around Zohr field next month
Italy's Edison will complete its seismic survey of the area surrounding Egypt's Zohr gas field next month, the head of…
Egypt’s tariffs on imported European cars set to fall 10% by early next year
November 24, 2015
Egypt’s tariffs on imported European cars set to fall 10% by early next year
Egypt's tariffs on imported European cars are set to fall a further 10 percent early next year, an official from…
IFC invests $1.2 bn in 18 projects in Egypt
November 24, 2015
IFC invests $1.2 bn in 18 projects in Egypt
The International Finance Corporation has invested US$1.2 billion in 18 projects in Egypt from 2011 to 2015. This was part of…