Economy
Siemens could expand Egypt power deal, says CEO
October 30, 2015
Siemens could expand Egypt power deal, says CEO
Siemens could win an expansion of its record 8 billion euro ($8.8 billion) power deal with Egypt, the German industrial…
Egypt’s market gains LE2 bn on Thursday, EGX30 inches up 0.4%
October 29, 2015
Egypt’s market gains LE2 bn on Thursday, EGX30 inches up 0.4%
Egypt's stock market closed in the green zone on Thursday, as the benchmark EGX30 index inched up 0.38 percent to…
Zohr discovery to make Egypt’s status as LNG importer short-lived
October 29, 2015
Zohr discovery to make Egypt’s status as LNG importer short-lived
The huge Zohr natural gas field discovered by Eni off the coast of Egypt, could tip the country back into…
Egyptian pound steady at dollar sale, weaker at parallel market
October 29, 2015
Egyptian pound steady at dollar sale, weaker at parallel market
The Egyptian pound was stable at a dollar sale on Thursday, as the central bank sold $37.8 million at a…
Ghabbour Auto closes down factories due to dollar shortage
October 29, 2015
Ghabbour Auto closes down factories due to dollar shortage
Ghabour Auto President Raouf Ghabbour said his factories have been closed down since September 1 due to the Central Bank’s restrictions…
Egypt’s bonds slip as economy remains shaky
October 29, 2015
Egypt’s bonds slip as economy remains shaky
Egypt's bonds have been sliding hard and fast and the cost of insuring them against default has risen to levels…
Central Bank governor promises to review foreign currency deposit restrictions
October 29, 2015
Central Bank governor promises to review foreign currency deposit restrictions
Central Bank Governor Tarek Amer, who begins his term on November 27, promised businessmen that he would review all restrictions…
Middle East funds turn negative on equities: survey
October 29, 2015
Middle East funds turn negative on equities: survey
Middle East fund managers have on balance turned negative towards equities in the region because of low oil prices, instability…
Egypt’s market loses LE4.5 bn on Wednesday, EGX30 down 0.7%
October 28, 2015
Egypt’s market loses LE4.5 bn on Wednesday, EGX30 down 0.7%
Egypt's market closed in the red zone for the third session in a row, as the benchmark EGX30 index Wednesday…
Egypt drops to 131st place in quality of business environment: World Bank
October 28, 2015
Egypt drops to 131st place in quality of business environment: World Bank
Egypt has ranked 131st among 188 countries when gauging positive factors encouraging local and foreign investors to start a business,…