Economy

Banque Misr chief hails CBE’s small-projects program

Banque Misr chief hails CBE’s small-projects program

Banque Misr's president lauded a program launched by the the Central Bank of Egypt (CBE) on Sunday that seeks to…
Egypt’s treasury bond yields rise at Monday’s auction

Egypt’s treasury bond yields rise at Monday’s auction

Yields on Egypt's 18-month, three-year and seven-year treasury bonds rose at an auction on Monday, data from the Finance Ministry…
Egypt’s Orascom Construction wins $420 mn power plant contract

Egypt’s Orascom Construction wins $420 mn power plant contract

Egypt's Orascom Construction has been awarded a $420 million contract to revamp two government-owned power stations, the company said on…
Egyptian treasury bill yields rise at Sunday’s auction

Egyptian treasury bill yields rise at Sunday’s auction

Yields on Egypt's three and nine-month treasury bills rose at Sunday's auction, data from the central bank showed. The average yield…
Mideast stocks: Petrochemicals regain some strength in Saudi; Egypt tumbles

Mideast stocks: Petrochemicals regain some strength in Saudi; Egypt tumbles

A return of some strength to beaten-down petrochemical stocks helped support Saudi Arabia's stock market early on Sunday, while Egypt…
Decline in Egyptian business activity slows in in December-PMI

Decline in Egyptian business activity slows in in December-PMI

Business activity in Egypt shrank for the third month in a row in December, a survey showed, though at a…
Egypt’s urban consumer price inflation unchanged at 11.1 pct in Dec

Egypt’s urban consumer price inflation unchanged at 11.1 pct in Dec

Egypt's annual urban consumer inflation was steady at 11.1 percent, unchanged from the previous month, the official statistics agency CAPMAS…
‘Middle East effect’ on oil prices propels financial markets

‘Middle East effect’ on oil prices propels financial markets

A crisis in the oil-rich Middle East has historically meant an increase in oil prices; however this now seems a thing…
Facing US storm, VW set for easier ride in Europe on emissions scandal

Facing US storm, VW set for easier ride in Europe on emissions scandal

Volkswagen (VOWG_p.DE) is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime…
Saudi Arabia may sell part of its giant oil company

Saudi Arabia may sell part of its giant oil company

Saudi Arabia is considering selling shares in its state-owned giant oil company, Saudi Aramco.The company said Friday that it was…
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