Economy

Egypt’s market gains LE620 mn on Tuesday, EGX30 inches up 0.2%

Egypt’s market gains LE620 mn on Tuesday, EGX30 inches up 0.2%

Egypt's stock market closed in the green zone on Tuesday's session, as the benchmark EGX30 index inched up 0.2 percent…
UAE, China launch $10 bn strategic investment fund

UAE, China launch $10 bn strategic investment fund

The UAE and China launched a US$10 billion strategic co-investment fund on Monday, to support the development of sectors of mutual…
Egypt central bank sold $750 mn to $1 bn to clear imports

Egypt central bank sold $750 mn to $1 bn to clear imports

Egypt's central bank sold between US$750 million and $1 billion in an exceptional dollar auction on Sunday, the head of…
World Bank’s loan gives credibility to Egypt’s economy: PM

World Bank’s loan gives credibility to Egypt’s economy: PM

Prime Minister Sherif Ismail said on Monday that the World Bank's approval of a US$3-billion loan gives credibility to Egypt…
Volume of Egyptian investments in Sudan reaches $11bn

Volume of Egyptian investments in Sudan reaches $11bn

Egyptian Ambassador in Sudan Ossama Shaltout asserted Egypt's keenness to participate and cooperate in economic development projects in Sudan. In an…
Egypt PM says to discuss Saudi deposit in central bank with crown prince on Tues

Egypt PM says to discuss Saudi deposit in central bank with crown prince on Tues

Egyptian Prime Minister Sherif Ismail said on Monday that another Saudi Arabian deposit in Egypt's central bank would be on…
Auction yields on Egypt’s 1.5-yr and 3-yr rise, 7-yr T-bonds drop

Auction yields on Egypt’s 1.5-yr and 3-yr rise, 7-yr T-bonds drop

Yields on Egypt's 1-1/2-year and three-year treasury bonds rose slightly while seven-year bonds dropped at an auction on Monday, data…
Egypt’s market gains LE1 bn on Monday, indexes mixed

Egypt’s market gains LE1 bn on Monday, indexes mixed

Egypt's stock market ended its Monday session with a mixed performance, as the benchmark EGX30 index inched up 0.2 percent,…
Egypt cbank injects dollars into banks in special measure to ease shortage

Egypt cbank injects dollars into banks in special measure to ease shortage

Egypt's central bank injected more foreign currency liquidity into the banking system in a surprise operation on Sunday, bankers said,…
Oil plunge fuels run on energy firms as Asia stocks tumble

Oil plunge fuels run on energy firms as Asia stocks tumble

Energy-linked firms took another battering in Asia Monday morning, leading losses on regional markets as oil prices sank to fresh…
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