Economy
MIDEAST STOCKS: Gulf to consolidate, security worries may dampen Egypt
July 2, 2015
MIDEAST STOCKS: Gulf to consolidate, security worries may dampen Egypt
Gulf markets look set to consolidate around current levels on Thursday while security worries could push down Egypt as it…
Govt report: Number of foreigners working in private, investment sectors down by 8.3%
July 1, 2015
Govt report: Number of foreigners working in private, investment sectors down by 8.3%
The number of foreign nationals working in Egypt’s private and investment sectors fell down by 8.3 percent in 2014, the…
Minister: Henkel to invest LE300 million in Egypt
July 1, 2015
Minister: Henkel to invest LE300 million in Egypt
Industry and Trade Minister Mounir Fakhry Abdel Nour has announced that Henkel, one of the largest global companies that produces home and…
Finance ministry: Egypt revises draft 2015/16 budget to cut deficit to 8.9 % of GDP
July 1, 2015
Finance ministry: Egypt revises draft 2015/16 budget to cut deficit to 8.9 % of GDP
Egypt amended again a draft budget for the 2015/2016 fiscal year and has cut the projected deficit to 8.9 percent…
Oil bounces off three-week lows as Greek debt default looms
June 30, 2015
Oil bounces off three-week lows as Greek debt default looms
Oil prices bounced from three-week lows in choppy trade on Tuesday as investors awaited a Greek debt default, shying away…
Egypt’s Emaar Misr says to list on EGX on July 5
June 30, 2015
Egypt’s Emaar Misr says to list on EGX on July 5
Egypt's Emaar Misr for Development will now list on the Egyptian Exchange on or around July 5, it said in…
EGX vacation on Tuesday for occasion of June 30
June 30, 2015
EGX vacation on Tuesday for occasion of June 30
The Egyptian Exchange (EGX) is closed on Tuesday upon the decision of Ibrahim Mehleb, the prime minister, it was decided…
MIDEAST STOCKS: Global uncertainty may dampen Gulf, bombing may weaken Egypt
June 30, 2015
MIDEAST STOCKS: Global uncertainty may dampen Gulf, bombing may weaken Egypt
Uncertainty in global financial markets may keep Gulf stock markets on the back foot on Tuesday, while the death of…
Egypt restricts GDR deals to pounds for local investors
June 29, 2015
Egypt restricts GDR deals to pounds for local investors
Egyptian Stock Exchange on Monday ordered that Egyptian investors who buy global depository receipts (GDRs) by purchasing shares on the Cairo…
Egypt seeks Huajian contribution to leathers hub
June 29, 2015
Egypt seeks Huajian contribution to leathers hub
Egypt is negotiating with Chinese leather manufacturing giant Huajian Group to establish the latter’s contribution in a leather industry hub…