Economy
Egypt participates for the first time in G20 finance ministers meeting in China
February 26, 2016
Egypt participates for the first time in G20 finance ministers meeting in China
Egypt will participate in the G20 meeting of finance ministers and central bank governors for the first time on Friday…
Saudi, Egypt up in early trade but volumes low
February 25, 2016
Saudi, Egypt up in early trade but volumes low
Saudi Arabia's stock market rose in early trade on Thursday as local traders accumulated shares in small and mid-cap stocks,…
Egypt confiscates 7 pct of Juhayna’s shares, owned by chairman, for alleged Brotherhood ties
February 25, 2016
Egypt confiscates 7 pct of Juhayna’s shares, owned by chairman, for alleged Brotherhood ties
The committee tasked with managing the Muslim Brotherhood group's funds confiscated on Wednesday 7.204 percent of Juhayna's shares, owned by…
Trade exchange between Egypt, Ukraine reaches US$941 mn in 2015
February 25, 2016
Trade exchange between Egypt, Ukraine reaches US$941 mn in 2015
Trade exchange between Egypt and Ukraine reached US$941 million during an 11-month period in 2015, according to Ukrainian Ambassador to…
Air France-KLM revenue stuck in Egypt amid dollar crisis
February 24, 2016
Air France-KLM revenue stuck in Egypt amid dollar crisis
Air France-KLM has urged Egypt to release upward of 100 million Egyptian pounds (US$13 million) in revenue it is unable…
Egypt’s Midor signs US$1.2 billion loan agreement
February 23, 2016
Egypt’s Midor signs US$1.2 billion loan agreement
Egypt's state-owned Middle East Oil Refinery Company (Midor) has signed an initial loan agreement with three banks for US$1.2 billion,…
Egyptian pound steady at forex sale, weaker on black market
February 23, 2016
Egyptian pound steady at forex sale, weaker on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened on the…
CBE not to reduce pound exchange rate: governor
February 22, 2016
CBE not to reduce pound exchange rate: governor
The Central Bank of Egypt (CBE) will not reduce the exchange rate of the Egyptian pound before the foreign reserves…
Orascom projects in Ethiopia delayed, not cancelled, says chairman
February 21, 2016
Orascom projects in Ethiopia delayed, not cancelled, says chairman
Samih Sawiris, Chairman of Orascom Development Holding, has blamed the delayed investment of his company in Ethiopia on Egypt’s stance…
Egyptian pound steady at forex sale and black market
February 21, 2016
Egyptian pound steady at forex sale and black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday and on the black…