Economy

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…
Egypt addresses airline concerns on profit repatriation: c.bank source

Egypt addresses airline concerns on profit repatriation: c.bank source

Egypt has addressed the concerns of airlines who have complained in recent weeks about their inability to repatriate earnings, a…
Bureaucrat and old fungus law hold Egypt’s wheat supplies hostage

Bureaucrat and old fungus law hold Egypt’s wheat supplies hostage

A global grain glut should make purchasing wheat cheap and easy for Egypt, the world's biggest importer, but traders say…
Apple lawyer, FBI director face off in US Congress on iPhone encryption

Apple lawyer, FBI director face off in US Congress on iPhone encryption

FBI Director James Comey told a congressional panel on Tuesday that a final court ruling forcing Apple Inc (AAPL.O) to…
Egypt, Japan sign several agreements on projects worth US$17 billion

Egypt, Japan sign several agreements on projects worth US$17 billion

Egypt and Japan have signed several agreements and memorandums of understanding on the sidelines of the tenth meeting of the…
Moody’s cuts China outlook on eve of NPC, cites reform, fiscal risks

Moody’s cuts China outlook on eve of NPC, cites reform, fiscal risks

Moody's downgraded its outlook on Chinese government debt to "negative" from "stable" on Wednesday, citing uncertainty over authorities' capacity to…
Global stocks rally as global slowdown fears fade

Global stocks rally as global slowdown fears fade

World shares and bond yields rose on Wednesday as the recent recovery in oil prices and a batch of positive…
Nestle eyes Egypt growth despite dollar squeeze

Nestle eyes Egypt growth despite dollar squeeze

Nestle (NESN.VX) is pushing ahead with plans to invest LE1 billion Egyptian (US$127.71 million) in Egypt in the next few…
OPEC watching Iran, Russia, unlikely to cut output in June

OPEC watching Iran, Russia, unlikely to cut output in June

OPEC is very unlikely to cut output at its next meeting in June, even if prices remain extremely low, according…
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