Economy
Central Bank promises to provide $4 bn to industrial sector in 2 weeks
November 10, 2015
Central Bank promises to provide $4 bn to industrial sector in 2 weeks
Mohamed al-Suwaidi, head of the Federation of Industries, said Tarek Amer, the new central bank governor, has promised that banks…
EasyJet says too early to know cost of UK’s Egypt flight suspension
November 10, 2015
EasyJet says too early to know cost of UK’s Egypt flight suspension
Low cost airline easyJet said on Tuesday that it was too early to say what the cost of a British…
Egyptian pound steady at dollar sale, lower at parallel market
November 10, 2015
Egyptian pound steady at dollar sale, lower at parallel market
The Egyptian pound was stable at a dollar sale on Tuesday, with the central bank selling US$37.8 million at a…
UPDATE: Two more Egyptian banks raise interest rates on savings certificates
November 10, 2015
UPDATE: Two more Egyptian banks raise interest rates on savings certificates
Egypt's third largest state bank, Banque Du Caire, and the private Societe Arabe Internationale bank on Tuesday raised interest rates…
Egypt core inflation rises to 6.26% y/y in October: central bank
November 10, 2015
Egypt core inflation rises to 6.26% y/y in October: central bank
Egypt's annual core inflation rate rose to 6.26 percent in October from 5.55 percent in September, the central bank said…
Asian shares slide to one-month low on Fed, global growth concerns
November 10, 2015
Asian shares slide to one-month low on Fed, global growth concerns
Asian shares slipped to one-month lows on Tuesday as the specter of higher borrowing costs in the United States and…
UPDATE: Egypt’s 5-, 10-year treasuries almost steady, confusing the market
November 9, 2015
UPDATE: Egypt’s 5-, 10-year treasuries almost steady, confusing the market
Yields on Egyptian treasury bonds were little changed at an auction on Monday, a result that confused the market after…
Egypt’s market loses LE4.6 bn on Monday, EGX30 drops 2.8%
November 9, 2015
Egypt’s market loses LE4.6 bn on Monday, EGX30 drops 2.8%
Egypt's market incurred heavy losses on Monday for the second session in a row, with benchmark index EGX30 dropping 2.84…
Egypt’s GASC to provide imported wheat to private sector
November 9, 2015
Egypt’s GASC to provide imported wheat to private sector
Egypt's supplies ministry said on Monday it had signed a deal with the chamber of grain industries paving the way…
Long-term oil market fundamentals robust despite price drop, Saudi says
November 9, 2015
Long-term oil market fundamentals robust despite price drop, Saudi says
Long-term oil market fundamentals remain robust but prolonged low prices could threaten security of supply and pave the way for…