Economy
Industrial growth rate fell in September: Industries Federation Chairman
October 4, 2015
Industrial growth rate fell in September: Industries Federation Chairman
Mohamed al-Suwaidi, chairman of the Federation of Egyptian Industries, has said that the industrial growth rate in Egypt fell sharply…
Egyptian pound steady at dollar sale, on parallel market
October 4, 2015
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 US$37.8 million at a…
Egypt’s GASC says seeking wheat for Nov. 1-10 shipment
October 3, 2015
Egypt’s GASC says seeking wheat for Nov. 1-10 shipment
Egypt's General Authority for Supply Commodities (GASC) set a tender on Friday to buy an unspecified amount of wheat from…
Uruguay to approve Mercosur agreement by end of 2015: minister
October 2, 2015
Uruguay to approve Mercosur agreement by end of 2015: minister
Trade and Industry Minister Tarek Qabil said Uruguay's parliament and president will approve the Mercosur agreement by the end of…
Egypt’s market gains LE4bn in September
October 2, 2015
Egypt’s market gains LE4bn in September
The Egyptian Exchange (EGX) gained 4 billion pounds in September, bringing market capital up from LE444.7 billion to LE448.7, according…
Finance Ministry coordinates with banks, post office to sell Suez Canal coins
October 1, 2015
Finance Ministry coordinates with banks, post office to sell Suez Canal coins
The Finance Ministry is coordinating with banks and the national post service to facilitate the sale of commemorative coins it…
Egypt’s EFG Hermes to reduce capital to LE3.07 bn
October 1, 2015
Egypt’s EFG Hermes to reduce capital to LE3.07 bn
Egypt's EFG Hermes, one of the Middle East's largest investment banks, will reduce its capital by LE184.782 million ($23.61 million)…
Egyptian pound steady at dollar sale, weaker on parallel market
October 1, 2015
Egyptian pound steady at dollar sale, weaker on parallel market
The Egyptian pound was held steady by the central bank which sold $37.8 million at a cut-off price of LE7.7301…
Oil edges up on strong demand, but Asian slowdown prevents further rise
October 1, 2015
Oil edges up on strong demand, but Asian slowdown prevents further rise
Crude oil prices edged up on Thursday as demand was estimated to have risen in the first half of the…
Euro zone inflation turns negative, putting ECB in corner
October 1, 2015
Euro zone inflation turns negative, putting ECB in corner
Euro zone inflation turned negative again in September as oil prices tumbled, raising pressure on the European Central Bank to…