Economy
Egypt’s market loses LE1.2 billion on Thursday, EGX30 drops 0.7%
July 2, 2015
Egypt’s market loses LE1.2 billion on Thursday, EGX30 drops 0.7%
Egypt's market traded sideways on Thursday's session, as the benchmark EGX30 index went down by 0.68 percent, recording 8,341.72 points…
UPDATE: Egypt’s central bank lets pound weaken by 1.3 %
July 2, 2015
UPDATE: Egypt’s central bank lets pound weaken by 1.3 %
The central bank let the Egyptian pound depreciate for the first time in five months on Thursday, a move analysts…
Egypt tourist arrivals rise 9% in the first half of 2015
July 2, 2015
Egypt tourist arrivals rise 9% in the first half of 2015
Sami Mahmoud, head of the Tourism Promotion Authority, said that a 9 percent increase in the amount of incoming tourists…
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…