Economy
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…
Standard & Poor’s cuts Egypt credit rating to stable
November 14, 2015
Standard & Poor’s cuts Egypt credit rating to stable
Standard & Poor's cut Egypt's credit rating outlook to stable from positive, keeping Egypt's long-term rating at B-. The institution said…
G20 to address slow growth, weak productivity
November 13, 2015
G20 to address slow growth, weak productivity
Turkey will welcome leaders of the world’s major economies to Antalya for the G20 Summit at the weekend.The summit is dedicated to…
ANALYSIS-Egypt’s revaluation: a prelude to unshackling the pound?
November 13, 2015
ANALYSIS-Egypt’s revaluation: a prelude to unshackling the pound?
Egypt's revaluation of the pound this week has raised expectations of a major shift in how it manages a long-running…
German economic growth eases in third quarter
November 13, 2015
German economic growth eases in third quarter
Economic growth in European powerhouse Germany slowed slightly in the third quarter, preliminary data showed Friday, as it braved headwinds…
Growth in crude oil demand set to slow: IEA
November 13, 2015
Growth in crude oil demand set to slow: IEA
Growth in global demand for crude is set to slow next year as the allure of cheap oil fades, the…
Egypt’s market loses $3.5 bn in a week, EGX30 index drops 10%
November 13, 2015
Egypt’s market loses $3.5 bn in a week, EGX30 index drops 10%
Egypt's stock market witnessed heavy losses of US$3.5 billion this week, as all indexes dropped, Egyptian Exchange data showed. The main…
Egypt treasury bill yields drop marginally at auction
November 12, 2015
Egypt treasury bill yields drop marginally at auction
Yields on Egypt's six month and one year treasury bills dropped marginally in Thursday's auction, the Finance Ministry said on…
Egypt’s market gains L710 mn on Thursday, EGX30 inches up 0.1%
November 12, 2015
Egypt’s market gains L710 mn on Thursday, EGX30 inches up 0.1%
Egypt's stock market closed in the green zone after a four-day selloff, as the benchmark EGX30 index on Thursday inched…