Economy
Central bank: Egypt to issue 600 mn euro 1-year T-bill
August 19, 2015
Central bank: Egypt to issue 600 mn euro 1-year T-bill
Egypt will issue a 1-year treasury bill worth 600 million euros to local and foreign financial institutions on Aug. 25,…
Egypt’s market loses LE8.5 billion on Wednesday, EGX30 down 2.1%
August 19, 2015
Egypt’s market loses LE8.5 billion on Wednesday, EGX30 down 2.1%
Egypt's market extended its heavy losses on Wednesday's session, as the benchmark EGX30 index fell 2.13 percent, recording 7,240.77 points…
MIDEAST STOCKS: Saudi stabilises, Egypt falls further
August 19, 2015
MIDEAST STOCKS: Saudi stabilises, Egypt falls further
Saudi Arabia's stock market appeared to be stabilising in early trade on Wednesday but Egypt's bourse fell further after moving…
Statement: Oriental Weavers denies monopolistic practices
August 19, 2015
Statement: Oriental Weavers denies monopolistic practices
Oriental Weavers, the world's biggest machine-woven carpet maker, said on Wednesday it was not engaging in monopolistic practices, a day…
Egypt watchdog accuses Oriental Weavers of monopolistic practices
August 18, 2015
Egypt watchdog accuses Oriental Weavers of monopolistic practices
Egypt's competition watchdog has accused carpetmaker Oriental Weavers of "monopolistic practices" and has referred it to the public prosecutor.It could…
Government to sell gold medals commemorating new Suez Canal
August 18, 2015
Government to sell gold medals commemorating new Suez Canal
The Finance Ministry’s public treasury issued gold medals commemorating the new Suez Canal last week that have been minted by the…
Egyptian pound steady at official auction, exchange bureaus
August 18, 2015
Egyptian pound steady at official auction, exchange bureaus
Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday, and the…
MIDEAST STOCKS: Background remains gloomy for Gulf markets
August 18, 2015
MIDEAST STOCKS: Background remains gloomy for Gulf markets
Gulf stock markets may face more pressure on Tuesday after oil prices fell again and global equities slipped.Brent oil futures…
Egypt, NAFTA to discuss economic cooperation Tuesday
August 17, 2015
Egypt, NAFTA to discuss economic cooperation Tuesday
A roundtable will be held Tuesday at the international business center of the Smart Village with member states of the…
Egypt’s market loses LE5.7 billion on Monday, EGX30 down 0.4%
August 17, 2015
Egypt’s market loses LE5.7 billion on Monday, EGX30 down 0.4%
Egypt's market closed in the red zone on Monday's session, as the benchmark EGX30 index went down 0.42 percent, recording…