Economy

Oil cartel OPEC postpones decision on production quota

Oil cartel OPEC postpones decision on production quota

The Organization of Petroleum Exporting Countries has decided to postpone its official production quota until its next meeting in June,…
Oil prices up as divided OPEC meets

Oil prices up as divided OPEC meets

Oil prices rose in Asia Friday as traders hedged their bets ahead of a meeting of the OPEC cartel whose…
EBRD allocates $170m to improve safety measures in Egypt’s energy sector

EBRD allocates $170m to improve safety measures in Egypt’s energy sector

The European Bank for Reconstruction and Development (EBRD) arranged a syndicated loan, consisting of a loan facility of up to…
Egypt’s real estate rents and sales up from 2014 despite weakening pound

Egypt’s real estate rents and sales up from 2014 despite weakening pound

Rentals and sale prices in Egypt’s real estate market are up despite the declining value of the Egyptian currency against…
Egypt’s market gains LE4.5 bn on Thursday, EGX30 rises 2%

Egypt’s market gains LE4.5 bn on Thursday, EGX30 rises 2%

Egypt's stock market finished higher  for a third session in a row, as the benchmark EGX30 index on Thursday  rose…
Egyptian pound steady at forex sale after auction mechanism changes

Egyptian pound steady at forex sale after auction mechanism changes

The Egyptian pound held steady at an official foreign currency auction on Thursday and was stable on the black market,…
Conflicting reports on EMG’s link to Dolphinus-Israel gas deal

Conflicting reports on EMG’s link to Dolphinus-Israel gas deal

Conflicting reports are emerging over the involvement of Eastern Mediterranean Gas (EMG) in the recent natural gas import deal between…
Crude rises on report of Saudi’s proposed move to cut output

Crude rises on report of Saudi’s proposed move to cut output

Crude futures rose one percent on Thursday after a report suggested that Saudi Arabia would propose a deal to balance…
Egypt’s EFG-Hermes Leasing seeks Islamic credit line from Gulf lender

Egypt’s EFG-Hermes Leasing seeks Islamic credit line from Gulf lender

EFG-Hermes Leasing, a wholly owned subsidiary of investment bank EFG-Hermes, is working on securing a sharia-compliant credit line from a…
Egypt’s market gains LE8.9 bn on Wednesday, EGX30 jumps 3.5%

Egypt’s market gains LE8.9 bn on Wednesday, EGX30 jumps 3.5%

Egypt's stock market extended its gains on Wednesday's session, as the benchmark EGX30 index jumped 3.5 percent to 6,649.7 points…
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