Economy
Egypt’s natural gas production drops 4.5%
July 6, 2015
Egypt’s natural gas production drops 4.5%
Egypt’s average natural gas production has declined to 4.395 bcf/day y-t-d, down from 4.6 bcf/day in 2014, according to daily…
Report: Govt reduces energy subsidies by 40%
July 6, 2015
Report: Govt reduces energy subsidies by 40%
A recent report issued by the Cairo Center for Economic Studies on energy subsidies has shown that the government has…
Tourist Development Authority retrieves 90,500,000 square meters in Red Sea governorate
July 6, 2015
Tourist Development Authority retrieves 90,500,000 square meters in Red Sea governorate
The executive chairman of the Egyptian Tourist Development Authority, Serag Eddin Saad, has revealed that the authority has retrieved 90,500,000…
Kuwait’s Al Ahli Bank gets Kuwaiti regulator nod to buy Piraeus Bank Egypt
July 6, 2015
Kuwait’s Al Ahli Bank gets Kuwaiti regulator nod to buy Piraeus Bank Egypt
Kuwait's Al Ahli Bank received approval from the Gulf state's central bank to buy Piraeus Bank's Egyptian unit, it said…
UPDATE: Egypt’s market tumbles as Emaar Misr sinks; Saudi drops
July 6, 2015
UPDATE: Egypt’s market tumbles as Emaar Misr sinks; Saudi drops
Egypt's stock market fell sharply early on Monday, sliding below major technical support, as leading property firm Emaar Misr sank…
Europe shares set for steep falls after Greek ‘No’
July 6, 2015
Europe shares set for steep falls after Greek ‘No’
European shares were set for steep falls on Monday, the euro stumbled and yields on weaker euro zone economies' bonds…
Egypt’s market gains LE12.2 billion on Sunday, while EGX30 drops 1.2%
July 5, 2015
Egypt’s market gains LE12.2 billion on Sunday, while EGX30 drops 1.2%
Egypt's market traded sideways on Sunday's session, as the benchmark EGX30 index declined by 1.16 percent, recording 8,218.25 points and…
EGAS official: Egypt raises gas price paid to Italy’s Eni and Edison
July 5, 2015
EGAS official: Egypt raises gas price paid to Italy’s Eni and Edison
Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an…
Egypt Seeks LE262 billion debt sales this quarter
July 5, 2015
Egypt Seeks LE262 billion debt sales this quarter
The Egyptian government will seek to raise LE262 billion from the sale of domestic debt in the first quarter of 2015/16…
Egypt targets LE417 investments this fiscal year
July 5, 2015
Egypt targets LE417 investments this fiscal year
The Egyptian government is targeting LE416.6 billion (US$55 billion) in investments for the fiscal year of 2015/16, compared to LE353.7…