Economy
Egypt’s main indicator retreats by 2.46% during last week
January 22, 2016
Egypt’s main indicator retreats by 2.46% during last week
Egypt's benchmark index EGX30 slumped by 2.46 percent to reach 5,173 points during last week , said state-owned MENA citing…
Russian ruble bounces back after oil price rise
January 22, 2016
Russian ruble bounces back after oil price rise
Russia's battered ruble on Friday bounced back after a rise in crude prices, recovering ground a day after it slumped…
Saudi, Egypt retreat in early trade
January 21, 2016
Saudi, Egypt retreat in early trade
Stock markets in Saudi Arabia and Egypt retreated in early trade on Thursday as investors remained worried by the chronic…
Egyptian pound steady at forex sale, weaker on black market
January 21, 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 Thursday, but the…
Egypt’s stock market drops by 3 pct in first 5 minutes of trading
January 20, 2016
Egypt’s stock market drops by 3 pct in first 5 minutes of trading
Egypt's main stock index EGX 30 dropped by around 3 per to reach 5,912 points cent in the first five…
BP remains ambitious on gas in Egypt, despite weak oil prices
January 20, 2016
BP remains ambitious on gas in Egypt, despite weak oil prices
Britain's BP Plc (BP.L) aims to double natural gas production in Egypt in the next four years despite weak oil…
Mideast stocks: Saudi, Egypt tumble in early trade
January 20, 2016
Mideast stocks: Saudi, Egypt tumble in early trade
Stock markets in Saudi Arabia and Egypt tumbled in early trade on Wednesday as investors sold off aggressively across the…
Richest 62 people own same as half world’s population: Oxfam
January 19, 2016
Richest 62 people own same as half world’s population: Oxfam
The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich…
Egypt plans to sell shares in state-owned companies
January 19, 2016
Egypt plans to sell shares in state-owned companies
Egypt plans to list shares in state-owned bank and companies on the stock market, the presidency said on Tuesday, in…
Global stocks rise as slowing China growth boosts stimulus prospects
January 19, 2016
Global stocks rise as slowing China growth boosts stimulus prospects
Shares in Europe and Asia rose and the dollar gained after data showing China's economy grew last year at its…