Economy
BP to invest in three new exploration blocks in Egypt
October 21, 2015
BP to invest in three new exploration blocks in Egypt
BP Plc said on Wednesday it had been awarded three new offshore exploration blocks in Egypt and that it and…
Low oil prices, turmoil keeps Mideast growth ‘subdued’: IMF
October 21, 2015
Low oil prices, turmoil keeps Mideast growth ‘subdued’: IMF
The International Monetary Fund said Wednesday a fall in oil prices and deepening turmoil in parts of the Middle East…
Egypt’s market gains LE1.5 bn on Wednesday, EGX30 inches up 0.13%
October 21, 2015
Egypt’s market gains LE1.5 bn on Wednesday, EGX30 inches up 0.13%
Egypt's stock market closed in the green zone for the third session in a row, as the benchmark EGX30 index…
Central Bank accepts foreign currency deposits of export revenues from Libya, Syria, Sudan, Palestine, Iraq and Yemen
October 21, 2015
Central Bank accepts foreign currency deposits of export revenues from Libya, Syria, Sudan, Palestine, Iraq and Yemen
The Central Bank has issued instructions to all banks to accept cash deposits in foreign currency from export revenues from…
Energy demand will rise 50 pct by 2030, UN official says
October 21, 2015
Energy demand will rise 50 pct by 2030, UN official says
More fertile lands will be needed as the global demand for food, water and energy will increase with population growth,…
Japan export growth slows sharply, raising fears of recession
October 21, 2015
Japan export growth slows sharply, raising fears of recession
Japan's annual export growth slowed to a crawl in September as shrinking sales to China hurt the volume of shipments,…
Amer Holding Group, Porto Holding to start trading on Egyptian stock exchange on Thursday
October 20, 2015
Amer Holding Group, Porto Holding to start trading on Egyptian stock exchange on Thursday
The two companies created by the long-mooted demerger of Egyptian real estate company Amer Group will start trading on the…
Rising dollar exchange rate sparks fears in price hike
October 20, 2015
Rising dollar exchange rate sparks fears in price hike
Ahmed Shiha of the Cairo Chamber of Importers, is expecting commodity prices to rise by at least 10 percent due…
Egyptian central bank holds pound steady; parallel market rate weaker
October 20, 2015
Egyptian central bank holds pound steady; parallel market rate weaker
The Egyptian central bank held the pound steady at a dollar sale on Tuesday, selling US$37.8 million at a cut-off…
Egypt’s market gains LE4.6 bn on Monday, EGX30 rises 1.1%
October 19, 2015
Egypt’s market gains LE4.6 bn on Monday, EGX30 rises 1.1%
Egypt's stock market closed in the green zone on Monday, as the benchmark EGX30 index rose 1.11 percent to 7,621.67…