Economy

Egyptian pound steady at dollar sale, weaker on parallel market

Egyptian pound steady at dollar sale, weaker on parallel market

The Egyptian central bank held the pound steady at a dollar sale on Tuesday, selling $37.8 million at a cut-off…
Egyptian exports fall by 29% in September 2015

Egyptian exports fall by 29% in September 2015

Egyptian non-petroleum exports fell in September 2015 by 29 percent to US$1.7 billion, from $1.2 billion in the same month…
OPEC sees pressures on oil price easing

OPEC sees pressures on oil price easing

Market pressures that slashed the price of oil to below $50 per barrel appear to be easing, the OPEC oil…
PM to launch 3rd intel PPP projects conference next Monday

PM to launch 3rd intel PPP projects conference next Monday

Prime Minister Sherif Ismail will launch, on Monday, October 19, the third international conference hosted by the Finance Ministry’s private-public…
Egypt’s market gains LE3.8 bn on Monday, EGX30 rises 1.4%

Egypt’s market gains LE3.8 bn on Monday, EGX30 rises 1.4%

Egypt's stock market extended its gains on Monday, as the benchmark EGX30 index rose 1.36 percent to 7,650.65 points, with…
Egyptian borrowers face challenges raising syndicated loans

Egyptian borrowers face challenges raising syndicated loans

Egypt's return to the international syndicated loan market is being hampered by September's global volatility and the growing liquidity crunch…
Egypt says awards tender to buy 55 LNG cargoes

Egypt says awards tender to buy 55 LNG cargoes

Egypt's state gas board EGAS said on Monday it is to buy 55 cargoes of liquefied natural gas (LNG), 10…
Asian shares extend October rally; dollar slips

Asian shares extend October rally; dollar slips

Asian shares rose on Monday, extending an October rally, as investors hunted for bargains in industrials and basic materials, fuelled…
Egypt’s market gains LE1.6 bn on Sunday, EGX30 rises 0.8%

Egypt’s market gains LE1.6 bn on Sunday, EGX30 rises 0.8%

Egypt's stock market closed in the green zone on Sunday, as the benchmark EGX30 index rose 0.75 percent to 7,547.66…
Egyptian pound steady at dollar sale, on parallel market

Egyptian pound steady at dollar sale, on parallel market

Egypt's central bank kept the pound steady at a dollar sale on Sunday, as it sold $37.5 million at a…
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