Economy
Egypt’s market gains LE660 mn on Monday, EGX30 inches up 0.22%
August 10, 2015
Egypt’s market gains LE660 mn on Monday, EGX30 inches up 0.22%
Egypt's market closed in the green zone on Monday's session, as the benchmark EGX30 index inched up 0.22 percent, recording…
Telecom Egypt’s Q2 net profit rises to $48.3 million
August 10, 2015
Telecom Egypt’s Q2 net profit rises to $48.3 million
Telecom Egypt earned a second-quarter profit after tax of 378 million Egyptian pounds ($48.28 million), up 55 percent from 243…
Egypt’s market loses LE5.4 billion on Sunday, EGX30 falls 1.3%
August 9, 2015
Egypt’s market loses LE5.4 billion on Sunday, EGX30 falls 1.3%
Egypt's market closed in the red zone on Sunday's session, as the benchmark EGX30 index fell 1.27 percent, recording 8,011.06 points…
MIDEAST STOCKS: Saudi Arabia falls further on oil; Egypt also slides
August 9, 2015
MIDEAST STOCKS: Saudi Arabia falls further on oil; Egypt also slides
Saudi Arabia's stock market fell in early trade on Thursday, tracking oil prices, and Egypt's market was also soft under…
Egyptian pound steady at official auction, exchange bureaus
August 9, 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 Sunday. The currency…
Minister: New Suez Canal to double Egypt’s exports in 5 years
August 6, 2015
Minister: New Suez Canal to double Egypt’s exports in 5 years
The New Suez Canal will increase Egypt's exports from $4.6 billion to nearly 8 billion dollars in five years, Agriculture…
Egypt’s Global Telecom reports $28 mn Q2 net profit
August 6, 2015
Egypt’s Global Telecom reports $28 mn Q2 net profit
Egypt's Global Telecom Holding , formerly Orascom Telecom, reported a second-quarter net profit of $28 million.That compared with a loss…
Oil prices drop on high supplies
August 6, 2015
Oil prices drop on high supplies
Oil prices fell Thursday after a mixed US energy report showed a healthy decline in crude stockpiles but a rise…
Egypt agrees to export cotton to Ukraine in exchange for wheat imports
August 5, 2015
Egypt agrees to export cotton to Ukraine in exchange for wheat imports
Egypt has agreed to export Egyptian cotton to Ukraine in exchange for importing Ukrainian wheat, Egypt's state news agency MENA…
Egypt’s market loses LE2.4 billion on Wednesday, EGX30 down 0.8%
August 5, 2015
Egypt’s market loses LE2.4 billion on Wednesday, EGX30 down 0.8%
Egypt's market closed in the red zone on Wednesday's session, as the benchmark EGX30 index went down 0.83 percent, recording…