Economy

Egypt foreign reserves US$16.53 billion at end-Feb: c.bank

Egypt foreign reserves US$16.53 billion at end-Feb: c.bank

Egypt's net foreign reserves reached US$16.53 billion at the end of February, slightly higher than in the previous month, the…
Barclays plans to sell Egypt branch

Barclays plans to sell Egypt branch

Barclays has declared its intentions to sell its branch in Egypt as well as some other branches in Africa and…
Egypt’s six-month and one-year t-bill rise in Thursday’s auction

Egypt’s six-month and one-year t-bill rise in Thursday’s auction

Yields on Egypt's six-month and one-year Treasury bills rose at an auction on Thursday, data from the central bank showed. The…
German summer bookings for Turkey, Egypt, Tunisia drop 40 percent

German summer bookings for Turkey, Egypt, Tunisia drop 40 percent

German travellers' bookings for summer holidays in Egypt, Tunisia and Turkey have dropped around 40 percent compared with a year…
Egypt’s non-oil sector activity recess persists in February

Egypt’s non-oil sector activity recess persists in February

Activity by Egypt’s non-oil private companies receded for a fifth month in a row in February, according to the National…
Egypt to take part in Berlin’s stock exchange

Egypt to take part in Berlin’s stock exchange

Tourism Minister Hisham Zaazou will head Egypt’s delegation at the International Tourism Stock Exchange of Berlin being held March 8-12. The…
Egyptian pound steady at auction, weakens on black market

Egyptian pound steady at auction, weakens on black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Thursday but weakened significantly on…
LG to start manufacturing washing machines in Egypt before year’s end

LG to start manufacturing washing machines in Egypt before year’s end

James Park, vice-president of LG Electronics, has announced his company's plans to start manufacturing washing machines in Egypt before the…
Egypt’s Domty gives US$1.12-$1.17 float price guidance

Egypt’s Domty gives US$1.12-$1.17 float price guidance

Arabian Food Industries Co (Domty) said price guidance for its planned share float on the Egyptian bourse would be LE8.8…
Egypt seeks petrol self-sufficiency by 2020: official

Egypt seeks petrol self-sufficiency by 2020: official

Vice-Chief of the Egyptian General Petroleum Corporation for Operations Amr Mostafa has announced a plan that includes several petroleum projects…
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