Economy
UPDATE: Egypt’s 5-, 10-year treasuries almost steady, confusing the market
November 9, 2015
UPDATE: Egypt’s 5-, 10-year treasuries almost steady, confusing the market
Yields on Egyptian treasury bonds were little changed at an auction on Monday, a result that confused the market after…
Egypt’s market loses LE4.6 bn on Monday, EGX30 drops 2.8%
November 9, 2015
Egypt’s market loses LE4.6 bn on Monday, EGX30 drops 2.8%
Egypt's market incurred heavy losses on Monday for the second session in a row, with benchmark index EGX30 dropping 2.84…
Egypt’s GASC to provide imported wheat to private sector
November 9, 2015
Egypt’s GASC to provide imported wheat to private sector
Egypt's supplies ministry said on Monday it had signed a deal with the chamber of grain industries paving the way…
Long-term oil market fundamentals robust despite price drop, Saudi says
November 9, 2015
Long-term oil market fundamentals robust despite price drop, Saudi says
Long-term oil market fundamentals remain robust but prolonged low prices could threaten security of supply and pave the way for…
IMF chief urges Gulf to adapt to sustained oil price drop
November 9, 2015
IMF chief urges Gulf to adapt to sustained oil price drop
International Monetary Fund chief Christine Lagarde warned Sunday that global energy prices could remain low for years and urged Gulf…
Egypt’s market loses LE8.5 bn on Sunday, EGX30 falls 2.6%
November 8, 2015
Egypt’s market loses LE8.5 bn on Sunday, EGX30 falls 2.6%
Egypt's stock market closed in the red zone on Sunday, as the benchmark EGX30 index dropped 2.58 percent to 7,347…
China imports fall in sign of battered domestic demand
November 8, 2015
China imports fall in sign of battered domestic demand
China's imports fell 16 percent in October from a year ago to 833.14 billion yuan (US$131.2 billion), official data showed…
Egypt’s Global Telecom reports Q3 2015 net profit of $13 million
November 6, 2015
Egypt’s Global Telecom reports Q3 2015 net profit of $13 million
Global Telecom, the Egypt-based group formerly known as Orascom Telecom, reported on Friday a $13 million net profit for the…
BP agrees to fast-track Egyptian gas field
November 6, 2015
BP agrees to fast-track Egyptian gas field
BP has signed a preliminary deal with Egypt to rapidly develop the Atoll offshore gas field that is now expected…
Asian markets eye US jobs report, Nikkei riding high
November 6, 2015
Asian markets eye US jobs report, Nikkei riding high
Tokyo's benchmark Nikkei index was on course for its best showing since-mid August on Friday, while traders in Asia were…