Economy

Egypt’s market gains LE8.9 bn on Wednesday, EGX30 jumps 3.5%

Egypt’s market gains LE8.9 bn on Wednesday, EGX30 jumps 3.5%

Egypt's stock market extended its gains on Wednesday's session, as the benchmark EGX30 index jumped 3.5 percent to 6,649.7 points…
Yahoo board to weigh future of company, Marissa Mayer: source

Yahoo board to weigh future of company, Marissa Mayer: source

The board of Yahoo Inc. (YHOO.O) is weighing a sale of its core Internet business when it meets this week,…
Egypt’s El Sewedy Electric Q3 net profit rises to $38.18 mn

Egypt’s El Sewedy Electric Q3 net profit rises to $38.18 mn

Egypt's El Sewedy Electric reported a jump in third-quarter net profit to LE298.95 million (US$38.18 million) from LE103.73 million a…
Brazil economy shrinks 1.7% in Q3 as recession deepens

Brazil economy shrinks 1.7% in Q3 as recession deepens

Brazil's economy shrank 1.7 percent in the third quarter, according to official data released Tuesday. The new figures announced by the…
Some banks denied dollars at Egypt central bank forex auction -bankers

Some banks denied dollars at Egypt central bank forex auction -bankers

 Egypt's central bank said it held the pound steady at LE7.7301 to the dollar on Tuesday after a regular foreign…
Egypt central bank says clears $547.2 mn backlog owed to foreign investors

Egypt central bank says clears $547.2 mn backlog owed to foreign investors

Egypt's central bank said on Tuesday it had repaid foreign investors in stocks and securities a total of $546 million,…
Egypt’s market gains LE2.2 bn on Tuesday, EGX30 rises 1.1 %

Egypt’s market gains LE2.2 bn on Tuesday, EGX30 rises 1.1 %

Egypt's stock market closed in the green zone on Tuesday's session , as the benchmark EGX30 index rose 1.07 percent…
Egypt’s credit risk jumps 36% since Sisi elected: Bloomberg

Egypt’s credit risk jumps 36% since Sisi elected: Bloomberg

Egypt's credit risk has grown by 36 percent since President Abdel Fattah al-Sisi was elected in June 2014, according to…
Tourist inflow down 9.3% in October: govt

Tourist inflow down 9.3% in October: govt

The inflow of tourists to Egypt declined by 9.3 percent to 909,400 tourists in October, down from one million visitors…
CNN: 4 reasons Russia and Turkey can’t afford a trade war

CNN: 4 reasons Russia and Turkey can’t afford a trade war

A war of words has erupted after Turkey shot down a Russian warplane on Tuesday. Russian President Vladimir Putin called the…
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