Economy

Egypt’s tariffs on imported European cars set to fall 10% by early next year

Egypt’s tariffs on imported European cars set to fall 10% by early next year

Egypt's tariffs on imported European cars are set to fall a further 10 percent early next year, an official from…
IFC invests $1.2 bn in 18 projects in Egypt

IFC invests $1.2 bn in 18 projects in Egypt

The International Finance Corporation has invested US$1.2 billion in 18 projects in Egypt from 2011 to 2015. This was part of…
Cyprus: energy deal boosts plans to export gas to Egypt

Cyprus: energy deal boosts plans to export gas to Egypt

A move by British oil and gas company BG International to buy a stake in Cyprus' offshore mineral deposits is…
Price of oil drops close to seven-year low

Price of oil drops close to seven-year low

The price of Brent oil held steady at about US$43 per barrel Monday; however, the bearish outlook remains strong in…
Egypt’s market loses LE5.3 bn on Monday, EGX30 drops 2.4%

Egypt’s market loses LE5.3 bn on Monday, EGX30 drops 2.4%

Egypt's market incurred heavy losses on Monday, with the benchmark index EGX30 dropping by 2.36 percent, reaching 6,451 points and…
Egypt issues $1.77 bn of one-year treasury bills at average yield of 2.837%

Egypt issues $1.77 bn of one-year treasury bills at average yield of 2.837%

Egypt's central bank said on Monday it had sold $1.77 billion in one-year treasury bills at an average yield of…
Qalaa’s Mashreq in talks to terminate liquid bulk station contract at East Port Said

Qalaa’s Mashreq in talks to terminate liquid bulk station contract at East Port Said

Mashreq Petroleum, a subsidiary of Qalaa Holdings, is in negotiations with the General Authority of the Suez Canal Economic Zone…
UPDATE: Egypt’s Orascom Construction reports Q3 net income of $24.5 mn

UPDATE: Egypt’s Orascom Construction reports Q3 net income of $24.5 mn

Orascom Construction Ltd , listed in both Cairo and Dubai, posted third-quarter net income of $24.5 million, the engineering and…
INTERVIEW: Egypt’s GB Auto urges support for industry to avert future crisis

INTERVIEW: Egypt’s GB Auto urges support for industry to avert future crisis

Egypt's largest car assembler and distributor GB Auto says it is pushing ahead with its expansion plans despite a dollar…
Egypt’s market gains LE820 mn on Sunday, EGX30 up 0.6%

Egypt’s market gains LE820 mn on Sunday, EGX30 up 0.6%

Egypt's stock market closed in the green zone for the third session in a row, as the benchmark EGX30 index…
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