Economy
Iran boosts oil output, foreign firms keen to seal deals
January 19, 2016
Iran boosts oil output, foreign firms keen to seal deals
Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions,…
Egypt’s benchmark index rises by 3 pct during first half hour of trading
January 18, 2016
Egypt’s benchmark index rises by 3 pct during first half hour of trading
Egypt's stock market benchmark index EGX30 rose by 3 percent during the first half hour of Monday's session, to reach…
Oil slides to lowest since 2003 as Iran sanctions lifted
January 18, 2016
Oil slides to lowest since 2003 as Iran sanctions lifted
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after…
Egypt receives $1.6 bn loan from China in budget support: source
January 17, 2016
Egypt receives $1.6 bn loan from China in budget support: source
The Central Bank of Egypt will receive a US$1.5 billion loan from China during a visit by China’s President Xi…
Egyptian treasury bill yields fall marginally at Sunday’s auction
January 17, 2016
Egyptian treasury bill yields fall marginally at Sunday’s auction
Yields on Egypt's three and nine-month treasury bills fell slightly at Sunday's auction, data from the central bank showed. The average…
Egypt to hold international tender for 11 oil and gas blocks
January 17, 2016
Egypt to hold international tender for 11 oil and gas blocks
Egypt will hold an international tender for 11 oil and natural gas exploration blocks in the Mediterranean sea and Nile…
MIDEAST STOCKS: Saudi plunges more than 6%, Egypt slides
January 17, 2016
MIDEAST STOCKS: Saudi plunges more than 6%, Egypt slides
Saudi Arabia's stock market plunged more than 6 percent early on Sunday in response to a fresh tumble of oil…
Benefits of cheap oil will come, but not soon
January 17, 2016
Benefits of cheap oil will come, but not soon
With petroleum investment and the manufacturing sector sagging and the stock market in free fall, many Americans are wondering when…
Trade revenues from Egypt-Sudan border crossing reached LE500 mn in 2015
January 17, 2016
Trade revenues from Egypt-Sudan border crossing reached LE500 mn in 2015
Trade revenues from the border crossing between Egypt and Sudan reached LE500 million in 2015, Egypt’s General Authority for Land…
248 licenses worth LE1.5 bn issued for industrial projects in December: IDA
January 17, 2016
248 licenses worth LE1.5 bn issued for industrial projects in December: IDA
Licenses were issued for 248 industrial projects at a cost of LE1.5 billion in December 2015, the Industrial Development Authority…