Economy

Egypt’s market loses LE4.5 bn on Wednesday, EGX30 down 0.7%

Egypt’s market loses LE4.5 bn on Wednesday, EGX30 down 0.7%

Egypt's market closed in the red zone for the third session in a row, as the benchmark EGX30 index Wednesday…
Egypt drops to 131st place in quality of business environment: World Bank

Egypt drops to 131st place in quality of business environment: World Bank

Egypt has ranked 131st among 188 countries when gauging positive factors encouraging local and foreign investors to start a business,…
EgyptAir to launch 10-year restructuring plan: chairman

EgyptAir to launch 10-year restructuring plan: chairman

EgyptAir, the state-owned flag carrier, is in final stages of launching an overhaul and expansion plan that will reverse its…
Eni will restart aggressive exploration cycle once crude back at $70 a barrel

Eni will restart aggressive exploration cycle once crude back at $70 a barrel

Italy's Eni will re-start an aggressive exploration campaign once crude prices rise to US$70 dollars a barrel, the company's chief…
Egypt’s market loses LE1.9 bn on Tuesday, EGX30 declines 0.6%

Egypt’s market loses LE1.9 bn on Tuesday, EGX30 declines 0.6%

Egypt's market closed in the red zone for the second session in a row, as the benchmark EGX30 index Tuesday…
Egyptian pound steady at dollar sale, weaker at parallel market

Egyptian pound steady at dollar sale, weaker at parallel market

The Egyptian pound was stable at a dollar sale on Tuesday as the central bank sold $37.8 million at a…
UK economy slows to 0.5% growth in third quarter

UK economy slows to 0.5% growth in third quarter

Britain's economy experienced a slowdown in the third quarter of 2015, hit by shrinking construction and manufacturing activity, official data…
Kuwait emir urges reforms as income drops 60%

Kuwait emir urges reforms as income drops 60%

Kuwait's ruler called Tuesday on officials in the oil-rich state to seek alternative revenue sources and reduce public expenditure after…
Egypt central bank seen keeping key rates on hold: poll

Egypt central bank seen keeping key rates on hold: poll

Egypt's central bank is expected to hold interest rates on Thursday as it balances the need to control inflation with…
Weakness of French growth ‘surprising’: ECB chief economist

Weakness of French growth ‘surprising’: ECB chief economist

The European Central Bank finds the weak performance of the French economy surprising, its chief economist Peter Praet told AFP…
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