Economy
Alexandria 2 oil fields to make Egypt regional energy center: minister
November 16, 2015
Alexandria 2 oil fields to make Egypt regional energy center: minister
Egypt's two newly discovered oil fields, Zohr and North Alexandria, which will start production in 2017, will help make Egypt…
Japan relapses into recession in July-September, a blow to ‘Abenomics’
November 16, 2015
Japan relapses into recession in July-September, a blow to ‘Abenomics’
Japan slipped into its fourth technical recession in five years between July and September - spotlighting how the government's "Abenomics"…
Dubai’s Arabtec plans to build 13,000 homes in Egypt
November 16, 2015
Dubai’s Arabtec plans to build 13,000 homes in Egypt
Dubai builder Arabtec has submitted a proposal to Egypt's government to construct 13,000 homes in the North African country, the…
Telecom Egypt posts 360% jump in Q3 net profit
November 16, 2015
Telecom Egypt posts 360% jump in Q3 net profit
Telecom Egypt, the country's state-owned landline monopoly, posted a 360 percent jump in its third quarter net profit, the company…
Asian shares, currencies slide after Paris attacks, data
November 16, 2015
Asian shares, currencies slide after Paris attacks, data
Asian stocks fell to six-week lows on Monday and emerging market currencies wilted as investors sought the safety of the…
Iraq to supply crude oil and natural gas to Egypt and Jordan
November 15, 2015
Iraq to supply crude oil and natural gas to Egypt and Jordan
Egypt signed a memorandum of understanding on Sunday to receive crude oil and natural gas from Iraq, Egypt's minister of…
Egypt’s market loses LE7.4 bn on Sunday, EGX30 slips 4.2%
November 15, 2015
Egypt’s market loses LE7.4 bn on Sunday, EGX30 slips 4.2%
Egypt's market incurred heavy losses on Sunday, with benchmark index EGX30 plummeting 4.18 percent, reaching 6,522 points and a LE291…
Germany to loan Egypt 4.1 bn euros for electricity
November 15, 2015
Germany to loan Egypt 4.1 bn euros for electricity
German credit insurance agency Euler Hermes will underwrite a 4.1 billion euro loan to Egypt from a consortium of German…
Egypt’s central bank keeps pound at 7.7301 per dollar: forex trader
November 15, 2015
Egypt’s central bank keeps pound at 7.7301 per dollar: forex trader
Egypt's central bank kept the pound steady at LE7.7301 to the dollar at its official foreign currency auction on Sunday,…
Global markets brace for short-term hit after Paris attacks
November 15, 2015
Global markets brace for short-term hit after Paris attacks
Global stocks are set for a short-term sell-off on Monday after Islamist militants launched coordinated attacks across Paris that killed…