Economy

Egyptian business activity falls to 2-year low in November

Egyptian business activity falls to 2-year low in November

Business activity in Egypt dropped to its lowest in more than two years in November, falling the fastest since September…
Egypt’s Banque Misr closes $250 mn 3-yr loan: arranger

Egypt’s Banque Misr closes $250 mn 3-yr loan: arranger

Banque Misr has raised a US$250 million loan of three years duration that Egypt's second-largest state lender will use for…
Egypt’s market gains LE2 bn on Sunday, EGX30 rises 0.9%

Egypt’s market gains LE2 bn on Sunday, EGX30 rises 0.9%

Egypt's stock market finished higher for a fourth session in a row, as the benchmark EGX30 index on Sunday rose…
Egyptian pound steady at forex sale, stronger on black market

Egyptian pound steady at forex sale, 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,…
Eastern Company revises 2014/15 net profit

Eastern Company revises 2014/15 net profit

Egypt's top cigarette maker Eastern Company on Sunday revised its fiscal 2014/15 net profit to LE1.27 billion (US$162.20 million) versus…
Egypt’s Pioneers to offer to buy Universal Co for Packaging

Egypt’s Pioneers to offer to buy Universal Co for Packaging

Egypt's Pioneers will offer to buy 100 percent of its subsidiary Universal Co for Packaging Materials and Paper for LE7.5…
Egypt looks to replace Turkish goods once headed for Russia

Egypt looks to replace Turkish goods once headed for Russia

Egypt is looking to increase exports to Russia by 15 percent in the coming year, eyeing an opportunity to take…
Egypt lifts 2015-16 GDP growth forecast

Egypt lifts 2015-16 GDP growth forecast

Egypt revised its GDP target for the current fiscal year to 5.5 percent from 5 percent on Saturday and said…
Oil prices could crater to around $20 per barrel in 2016: Goldman Sachs

Oil prices could crater to around $20 per barrel in 2016: Goldman Sachs

Goldman Sachs said on Friday that oil prices will likely remain "lower for even longer," as OPEC members failed to…
Hawkins and Sawiris forge investment partnership, with Adidas in sights

Hawkins and Sawiris forge investment partnership, with Adidas in sights

Egyptian tycoon Nassef Sawiris has formed a partnership with US investor Mason Hawkins and his colleagues at Southeastern Asset Management…
Back to top button