Economy
Egypt’s market gains LE520 mn on Monday, EGX30 inches up 0.3%
November 2, 2015
Egypt’s market gains LE520 mn on Monday, EGX30 inches up 0.3%
Egypt's stock market closed in the green zone on Monday, as the benchmark EGX30 index inched up 0.29 percent to…
Egypt to obtain $1.5 bn in international loans in 2 months
November 2, 2015
Egypt to obtain $1.5 bn in international loans in 2 months
International Cooperation Minister Sahar Nasr briefed Prime Minister Sherif Ismail on Sunday on the results of her negotiations with the…
Egypt’s Banque Misr to complete $250 mn 3-yr loan in December: chairman
November 2, 2015
Egypt’s Banque Misr to complete $250 mn 3-yr loan in December: chairman
Banque Misr expects to complete procedures to obtain a US$250 million loan of three years duration in December, using it…
Asian stocks, dollar retreat on weak Chinese manufacturing data
November 2, 2015
Asian stocks, dollar retreat on weak Chinese manufacturing data
Asian stocks dipped in early trade on Monday, while the dollar retreated against most regional currencies as a weak reading…
Egypt’s market loses LE4.7 bn on Sunday, EGX30 declines 1.3%
November 1, 2015
Egypt’s market loses LE4.7 bn on Sunday, EGX30 declines 1.3%
Egypt's stock market closed in the red zone on Sunday, as the benchmark EGX30 index declined 1.26 percent to 7,413…
Banks consider $300 mn loan to Suez Canal Authority
November 1, 2015
Banks consider $300 mn loan to Suez Canal Authority
Egyptian banks are considering a US$300 million loan to the Suez Canal Authority (SCA) to assist it with its financial…
Egypt expects exports to increase by 9-10% annually until 2020: minister
November 1, 2015
Egypt expects exports to increase by 9-10% annually until 2020: minister
Egypt expects to increase its exports by 9-10 percent annually until 2020, Trade and Industry Minister Tarek Kabil told Reuters on…
Egyptian pound steady at dollar sale, stronger at parallel market
November 1, 2015
Egyptian pound steady at dollar sale, stronger at parallel market
The Egyptian pound was stable at a dollar sale on Sunday, as the central bank sold US$37.8 million at a…
MIDEAST STOCKS: Gulf markets slip after S&P downgrade of Saudi debt
November 1, 2015
MIDEAST STOCKS: Gulf markets slip after S&P downgrade of Saudi debt
Gulf stock markets fell in early trade on Sunday after Standard & Poor's downgraded Saudi Arabia's sovereign debt while keeping…
China’s October factory, services surveys show economy still wobbly
November 1, 2015
China’s October factory, services surveys show economy still wobbly
Activity in China's manufacturing sector unexpectedly contracted in October for a third straight month, an official survey showed on Sunday,…