Economy

Egypt’s GASC says seeking wheat for Nov. 1-10 shipment

Egypt’s GASC says seeking wheat for Nov. 1-10 shipment

Egypt's General Authority for Supply Commodities (GASC) set a tender on Friday to buy an unspecified amount of wheat from…
Uruguay to approve Mercosur agreement by end of 2015: minister

Uruguay to approve Mercosur agreement by end of 2015: minister

Trade and Industry Minister Tarek Qabil said Uruguay's parliament and president will approve the Mercosur agreement by the end of…
Egypt’s market gains LE4bn in September

Egypt’s market gains LE4bn in September

The Egyptian Exchange (EGX) gained 4 billion pounds in September, bringing market capital up from LE444.7 billion to LE448.7, according…
Finance Ministry coordinates with banks, post office to sell Suez Canal coins

Finance Ministry coordinates with banks, post office to sell Suez Canal coins

The Finance Ministry is coordinating with banks and the national post service to facilitate the sale of commemorative coins it…
Egypt’s EFG Hermes to reduce capital to LE3.07 bn

Egypt’s EFG Hermes to reduce capital to LE3.07 bn

 Egypt's EFG Hermes, one of the Middle East's largest investment banks, will reduce its capital by LE184.782 million ($23.61 million)…
Egyptian pound steady at dollar sale, weaker on parallel market

Egyptian pound steady at dollar sale, weaker on parallel market

 The Egyptian pound was held steady by the central bank which sold $37.8 million at a cut-off price of LE7.7301…
Oil edges up on strong demand, but Asian slowdown prevents further rise

Oil edges up on strong demand, but Asian slowdown prevents further rise

Crude oil prices edged up on Thursday as demand was estimated to have risen in the first half of the…
Euro zone inflation turns negative, putting ECB in corner

Euro zone inflation turns negative, putting ECB in corner

Euro zone inflation turned negative again in September as oil prices tumbled, raising pressure on the European Central Bank to…
Egypt to search for oil in Iraq in first foreign venture

Egypt to search for oil in Iraq in first foreign venture

Egypt will search for oil outside its own borders for the first time after signing an agreement with Kuwait Energy…
Egypt’s market gains LE680 mn on Wednesday, indexes mixed

Egypt’s market gains LE680 mn on Wednesday, indexes mixed

Egypt's stock market ended its Wednesday session with a mixed performance, as the benchmark EGX30 index inched up 0.02 percent,…
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