Economy

Egypt seeks to drum up Gulf investments

Egypt seeks to drum up Gulf investments

Egyptian Prime Minister Sherif Ismail will meet Saudi officials and investors this week in a bid to drum up more…
Egyptian pound steady at forex auction, stronger on black market

Egyptian pound steady at forex auction, stronger on black market

The Egyptian pound held steady at an official foreign currency auction on Sunday and strengthened slightly on the black market. Egypt,…
Nassif Sawiris acquires remarkable share in Irish C&C Group

Nassif Sawiris acquires remarkable share in Irish C&C Group

Egyptian businessman Nassef Sawiris has acquired shares worth 22.4 million pounds in Irish alcoholics maker C&C Group, garnering him a…
Egyptian-Sudanese Investment Forum to be launched Tuesday

Egyptian-Sudanese Investment Forum to be launched Tuesday

The East Africa Business Council (EABC) is organizing the Egyptian-Sudanese Investment Forum which will take place on Tuesday under the…
UPDATE: MIDEAST STOCKS-Shares retreat as investors cut back exposure to oil-linked markets

UPDATE: MIDEAST STOCKS-Shares retreat as investors cut back exposure to oil-linked markets

Gulf bourses fell on Sunday as the crude price slumped to near 11-year lows and investors scurried to cut back…
Oil skids toward 11-year low as IEA warns of worse glut

Oil skids toward 11-year low as IEA warns of worse glut

Oil prices extended their freefall on Friday, flirting with 11-year lows, after the International Energy Agency (IEA) warned that global…
GLOBAL LNG: Prices firm on pockets of demand

GLOBAL LNG: Prices firm on pockets of demand

Asian liquefied natural gas (LNG) prices edged up this week as the global market drew some support from demand in…
Establishing developed industrial zone in Borg el Arab to lure LE8.6 bn investments

Establishing developed industrial zone in Borg el Arab to lure LE8.6 bn investments

Establishing a developed industrial zone in Alexandria Borg el Arab can lure LE8.6 billion investments, Trade and Industry Minister Eng. Tareq…
Asia stocks head for weekly loss, China yuan hits four-and-a-half-year low

Asia stocks head for weekly loss, China yuan hits four-and-a-half-year low

Asian shares were set for sizable weekly losses, with equities faltering again on Friday as plunging crude oil prices and…
€62mn from EU to support Egypt’s development projects

€62mn from EU to support Egypt’s development projects

Egyptian International Cooperation Minister Sahar Nasr witnessed Thursday the signing ceremony of two EU Financing Agreements worth 62 million euros…
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