Economy

$2 bn bilateral trade with UAE in 2014, up 17% from 2013

$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

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

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

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

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%

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

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

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

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

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…
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