Economy
Oil prices hit 11-year low as global supply balloons
December 21, 2015
Oil prices hit 11-year low as global supply balloons
Brent oil cratered to its lowest price in more than 11 years on Monday and remained locked within a narrow…
Egypt economy likely to slow as inflation bites: Analysts
December 21, 2015
Egypt economy likely to slow as inflation bites: Analysts
The Egyptian economy is tabled for slower growth as high inflation dogs consumers, analysts said."Inflation is above peers and is…
Egypt’s market gains LE370 mn on Monday, EGX30 rises 0.8%
December 21, 2015
Egypt’s market gains LE370 mn on Monday, EGX30 rises 0.8%
The Egyptian benchmark EGX30 index closed in the green zone for a sixth session in a row at 6,762 points…
Egypt’s 5-year, 10-year treasury bonds steady at auction
December 21, 2015
Egypt’s 5-year, 10-year treasury bonds steady at auction
Yields on five-year and 10-year treasury bonds were steady at an auction on Monday, data from the central bank showed. The…
Egypt’s trade balance deficit declines 22.1% in Sept. 2015: CAPMAS
December 21, 2015
Egypt’s trade balance deficit declines 22.1% in Sept. 2015: CAPMAS
Egypt's trade balance deficit reached LE29.49 billion (US$3.8 billion) in September, representing a 22.1 percent decrease compared to LE37.86 billion…
Egypt, Arab investment funds approve loans to support Sinai development
December 21, 2015
Egypt, Arab investment funds approve loans to support Sinai development
One-billion-dollar loans have been reached with some Arab investment funds to finance development projects in Sinai, Egyptian International Cooperation Minister Sahar…
Banking consortium inks deal to establish 3 power plants in Egypt
December 21, 2015
Banking consortium inks deal to establish 3 power plants in Egypt
A banking consortium inked on Sunday a LE10 billion agreement with the electricity sector to establish three power plants in…
Libya’s eastern oil company says signs shipment deal with Egypt
December 21, 2015
Libya’s eastern oil company says signs shipment deal with Egypt
The state oil company of Libya's eastern government has signed a deal to sell 2 million barrels of crude to…
Egypt’s market gains LE750 mn on Sunday, EGX30 rises 0.6%
December 20, 2015
Egypt’s market gains LE750 mn on Sunday, EGX30 rises 0.6%
Egypt's stock market closed in the green zone for a fifth session in a row, as the benchmark EGX30 index…
Egyptian pound steady at forex sale and on black market
December 20, 2015
Egyptian pound steady at forex sale and on black market
The Egyptian pound held steady at an official foreign currency auction on Sunday and on the black market. Egypt, which depends…