Economy
Egypt’s market loses LE400 mn on Thursday, indexes mixed
December 10, 2015
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
December 10, 2015
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
December 10, 2015
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
December 9, 2015
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%
December 9, 2015
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
December 9, 2015
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
December 9, 2015
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
December 9, 2015
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
December 9, 2015
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
December 9, 2015
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…