Economy

Central bank: Egypt to issue 600 mn euro 1-year T-bill

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%

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

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

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

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

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

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

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

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%

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…
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