Economy
Egyptian pound steady at auction and on parallel market
November 22, 2015
Egyptian pound steady at auction and on parallel market
Egypt's central bank kept the pound steady at LE7.7301 to the dollar at its official foreign currency auction on Sunday,…
CNN: Low oil prices could lead to energy shortages
November 22, 2015
CNN: Low oil prices could lead to energy shortages
Low oil prices could lead to global fuel shortages in the future, the International Energy Agency has warned. The IEA said…
Orascom refutes nationalization reports of North Korean subsidiary
November 22, 2015
Orascom refutes nationalization reports of North Korean subsidiary
Orascom Telecom Media and and Technology (OTMT) has dismissed news reports claiming that its North Korean subsidiary, Cheo Technology (Koryolink),…
GLOBAL LNG: Prices up on tight supply, Indian demand evaporates
November 21, 2015
GLOBAL LNG: Prices up on tight supply, Indian demand evaporates
Asian liquefied natural gas (LNG) prices for January delivery rose to around US$7.80 per million British thermal units (mmBtu) this…
Egypt’s market loses LE2.1 bn in a week, EGX30 index drops 3.5%
November 20, 2015
Egypt’s market loses LE2.1 bn in a week, EGX30 index drops 3.5%
Egypt's stock market witnessed losses for the fourth week in a row as all indexes dropped, Egyptian Exchange data showed. The…
Dollar dips in Asia as stock markets extend gains
November 20, 2015
Dollar dips in Asia as stock markets extend gains
The dollar sank against emerging market currencies and the yen in Asia Friday after seeing sharp losses on Wall Street…
Egypt’s market gains LE4.8 bn on Thursday, EGX30 rises 2.4%
November 19, 2015
Egypt’s market gains LE4.8 bn on Thursday, EGX30 rises 2.4%
Egypt's stock market extended its gains on Thursday, as the benchmark EGX30 index rose 2.42 percent to 6,568 points with…
Egypt to issue $1.75 bln 1-year T-bill : central bank
November 19, 2015
Egypt to issue $1.75 bln 1-year T-bill : central bank
Egypt will issue a $1.75 billion one-year Treasury bill, the central bank said in a statement on Thursday.The auction deadline…
Saudi says oil price slump should not stop investment
November 19, 2015
Saudi says oil price slump should not stop investment
Saudi Oil Minister Ali al-Naimi called for sustained investment in new output capacity Thursday despite the slump in world prices.Naimi…
Egypt’s central bank holds pound at 7.7301 per dollar
November 19, 2015
Egypt’s central bank holds pound at 7.7301 per dollar
Egypt's central bank will hold the pound steady at LE7.7301 to the dollar at an official foreign currency auction on…