Economy
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…
December interest rate hike a ‘live possibility’: Fed
November 5, 2015
December interest rate hike a ‘live possibility’: Fed
Federal Reserve governor Janet Yellen told Congress Wednesday that a December rate hike was a "possibility". The Turkish lira reacted on…
Egypt’s market gains LE3.6 bn on Thursday, EGX30 rises 1.2%
November 5, 2015
Egypt’s market gains LE3.6 bn on Thursday, EGX30 rises 1.2%
Egypt's stock market extended its gains on Thursday, as the benchmark EGX30 index rose 1.23 percent to 7,541 points with…
Egypt to buy wheat from local farmers at average global price
November 5, 2015
Egypt to buy wheat from local farmers at average global price
Egypt will start buying wheat from local farmers at the average global price starting next season, the cabinet said in…
Warnings of applying the value-added tax
November 5, 2015
Warnings of applying the value-added tax
A senior Finance Ministry official said the Interior Ministry and other state agencies warned of applying a new value-added tax…
Ezz Steel posts Q2 net loss of $36.32 mn
November 5, 2015
Ezz Steel posts Q2 net loss of $36.32 mn
Egypt's Ezz Steel's net loss in the second quarter of 2015 widened to LE291.63 million (US$36.32 million) from LE162.67 million…