Economy
Government wages see lowest increase in 3 years due to civil service law
January 29, 2016
Government wages see lowest increase in 3 years due to civil service law
Egypt's Finance Ministry stated that the first quarter of the current fiscal year recorded the lowest rate of increase in…
Saudi firms as Brent settles above US$30; Egypt up in modest volumes
January 28, 2016
Saudi firms as Brent settles above US$30; Egypt up in modest volumes
Saudi Arabian stocks firmed up on Thursday as oil prices held above US$30 a barrel, while Egypt edged higher on…
Government honors Egypt’s 50 most influential women, best companies in economy
January 28, 2016
Government honors Egypt’s 50 most influential women, best companies in economy
Investment Minister Ashraf Salman and Trade Minister Tarek Qabil honored Wednesday the 50 most influential women in the Egyptian economy…
Oil prices resume slide before US data
January 27, 2016
Oil prices resume slide before US data
Oil prices resumed their slide Wednesday as traders awaited US energy stockpiles data expected to once more shine light on…
Dollar surges against Egyptian pound after cbank raises cap on deposits
January 27, 2016
Dollar surges against Egyptian pound after cbank raises cap on deposits
The dollar surged against the Egyptian pound on the black market on Wednesday, a day after the central bank raised…
Egyptian pound steady at forex sale, weaker on black market
January 26, 2016
Egyptian pound steady at forex sale, weaker on black market
Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Tuesday but the…
Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine
January 26, 2016
Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine
Egypt's central bank raised the cap on foreign currency deposits to US$250,000 a month for importing food, capital machinery, manufacturing…
Saudi, Egypt fall as oil, global bourses decline
January 26, 2016
Saudi, Egypt fall as oil, global bourses decline
Bourses in Saudi Arabia and Egypt fell in early trade on Tuesday as investors cashed out following a resumption in…
Saudi Aramco chairman defends oil giant’s possible IPO move
January 25, 2016
Saudi Aramco chairman defends oil giant’s possible IPO move
The chairman of Saudi Arabia's state oil giant said on Monday that plans for a possible initial public offering are…
After high hopes for Egypt, economy slumps following 2011 Uprising
January 25, 2016
After high hopes for Egypt, economy slumps following 2011 Uprising
Egypt's failing economic conditions in the past few years are often linked to the 2011 uprising but it seems that…