Economy

Egypt’s market loses LE400 mn on Thursday, indexes mixed

Egypt’s market loses LE400 mn on Thursday, indexes mixed

Egypt's stock market ended its Thursday session with a mixed performance, as the benchmark EGX30 index inched up 0.13 percent,…
Egyptian pound steady at forex auction, weaker on black market

Egyptian pound steady at forex auction, weaker on black market

The Egyptian pound held steady at an official foreign currency auction on Thursday and weakened slightly on the black market.Egypt,…
CNN: Russians are making far fewer vacation trips abroad

CNN: Russians are making far fewer vacation trips abroad

The number of Russians traveling abroad for their vacation has fallen by almost one third in 2015, the biggest drop…
Greece eyes lion’s share of diverted Russian tourism

Greece eyes lion’s share of diverted Russian tourism

Economically stricken Greece is racing to cash in on a potential bonanza of Russian tourists deprived of their favourite holiday…
Egypt’s market gains LE730 mn on Wednesday, EGX30 inches up 0.3%

Egypt’s market gains LE730 mn on Wednesday, EGX30 inches up 0.3%

Egypt's stock market finished in the green zone on Wednesday's session, as the benchmark EGX30 index inched up 0.32 percent…
BP to acquire additional interest in West Nile Delta project

BP to acquire additional interest in West Nile Delta project

BP announced on Wednesday that the company has acquired 22.75 percent of gas in the North Alexandria Concession and 2.75…
Meat, fish prices rose in November

Meat, fish prices rose in November

Meat and fish prices rose in November, according to a report on Tuesday issued by the Cairo Chamber of Commerce. Beef…
CBE stresses support for SMEs

CBE stresses support for SMEs

The Central Bank of Egypt (CBE) says it is paying big attention to small and medium-sized enterprises (SME)s. A CBE statement…
Aviation sector brings revenues worth $2 bn to Egypt

Aviation sector brings revenues worth $2 bn to Egypt

Civil Aviation Minister Hossam Kamal said on Tuesday that the aviation sector brings revenues worth US$2 billion to Egypt. The figure…
Egypt GDP growth for Q1 2015-2016 likely below 5%: planning minister

Egypt GDP growth for Q1 2015-2016 likely below 5%: planning minister

Egypt's planning minister said on Tuesday that he expects GDP growth for the first fiscal quarter of 2015-2016 to be…
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