Economy
Yahoo board to weigh future of company, Marissa Mayer: source
December 2, 2015
Yahoo board to weigh future of company, Marissa Mayer: source
The board of Yahoo Inc. (YHOO.O) is weighing a sale of its core Internet business when it meets this week,…
Egypt’s El Sewedy Electric Q3 net profit rises to $38.18 mn
December 2, 2015
Egypt’s El Sewedy Electric Q3 net profit rises to $38.18 mn
Egypt's El Sewedy Electric reported a jump in third-quarter net profit to LE298.95 million (US$38.18 million) from LE103.73 million a…
Brazil economy shrinks 1.7% in Q3 as recession deepens
December 2, 2015
Brazil economy shrinks 1.7% in Q3 as recession deepens
Brazil's economy shrank 1.7 percent in the third quarter, according to official data released Tuesday. The new figures announced by the…
Some banks denied dollars at Egypt central bank forex auction -bankers
December 1, 2015
Some banks denied dollars at Egypt central bank forex auction -bankers
Egypt's central bank said it held the pound steady at LE7.7301 to the dollar on Tuesday after a regular foreign…
Egypt central bank says clears $547.2 mn backlog owed to foreign investors
December 1, 2015
Egypt central bank says clears $547.2 mn backlog owed to foreign investors
Egypt's central bank said on Tuesday it had repaid foreign investors in stocks and securities a total of $546 million,…
Egypt’s market gains LE2.2 bn on Tuesday, EGX30 rises 1.1 %
December 1, 2015
Egypt’s market gains LE2.2 bn on Tuesday, EGX30 rises 1.1 %
Egypt's stock market closed in the green zone on Tuesday's session , as the benchmark EGX30 index rose 1.07 percent…
Egypt’s credit risk jumps 36% since Sisi elected: Bloomberg
December 1, 2015
Egypt’s credit risk jumps 36% since Sisi elected: Bloomberg
Egypt's credit risk has grown by 36 percent since President Abdel Fattah al-Sisi was elected in June 2014, according to…
Tourist inflow down 9.3% in October: govt
December 1, 2015
Tourist inflow down 9.3% in October: govt
The inflow of tourists to Egypt declined by 9.3 percent to 909,400 tourists in October, down from one million visitors…
CNN: 4 reasons Russia and Turkey can’t afford a trade war
December 1, 2015
CNN: 4 reasons Russia and Turkey can’t afford a trade war
A war of words has erupted after Turkey shot down a Russian warplane on Tuesday. Russian President Vladimir Putin called the…
Auction yields on Egypt’s 1.5-yr and 3-yr rise, 7-yr T-bonds drop
November 30, 2015
Auction yields on Egypt’s 1.5-yr and 3-yr rise, 7-yr T-bonds drop
Yields on one-and-a-half-year and three-year treasury bonds rose while seven-year bonds dropped at an auction on Monday, data from the…