Economy
$2 bn bilateral trade with UAE in 2014, up 17% from 2013
August 5, 2015
$2 bn bilateral trade with UAE in 2014, up 17% from 2013
The bilateral trade between Egypt and the United Arab Emirates rose by 17 percent in 2014, compared to the year…
Analysis : Raising interest rates with zero inflation is a hard sell
August 5, 2015
Analysis : Raising interest rates with zero inflation is a hard sell
Americans and Britons bracing for their first interest rate rises in almost a decade are puzzled: why are rates about…
Sidi Kerir H1 profit falls to LE421.8 mn
August 5, 2015
Sidi Kerir H1 profit falls to LE421.8 mn
Egypt's Sidi Kerir Petrochemicals posted a first-half profit of LE421.8 million ($53.9 million) on Wednesday, down from LE480 million a…
Kuwait’s Al Ahli gets Egyptian c.bank nod to buy Piraeus Bank Egypt
August 5, 2015
Kuwait’s Al Ahli gets Egyptian c.bank nod to buy Piraeus Bank Egypt
Kuwait's Al Ahli Bank received approval from the Egyptian central bank to buy Piraeus Bank's unit in the North African…
Emaar Misr says Alabbar now non-executive chairman
August 5, 2015
Emaar Misr says Alabbar now non-executive chairman
Egyptian property developer Emaar Misr said in a bourse filing on Tuesday that Mohammed Alabbar was now non-executive chairman, after…
Egypt’s market gains LE3.7 billion on Tuesday, EGX30 rises 1.2%
August 4, 2015
Egypt’s market gains LE3.7 billion on Tuesday, EGX30 rises 1.2%
Egypt's market closed in the green zone on Tuesday's session, as the benchmark EGX30 index increased 1.17 percent, recording 8,181.95…
Egyptian pound steady at official auction, exchange bureaus
August 4, 2015
Egyptian pound steady at official auction, exchange bureaus
Egypt's central bank kept the Egyptian pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday after…
CEO: National Bank of Egypt postpones bond issue, to repay $600 mn
August 4, 2015
CEO: National Bank of Egypt postpones bond issue, to repay $600 mn
National Bank of Egypt will postpone a new bond issuance and repay $600 million of earlier bonds on Wednesday, its…
Brent oil price falls to lowest level since January
August 4, 2015
Brent oil price falls to lowest level since January
The price of Brent crude oil fell below $50 per barrel late on Monday, on weak Chinese economic data, slower global…
Emaar Misr says first-half net profit up 283% to $66.7 mn
August 4, 2015
Emaar Misr says first-half net profit up 283% to $66.7 mn
Egyptian property developer Emaar Misr said on Tuesday its first-half net profit jumped 283 percent to LE522 million ($66.67 million).Revenue…