Economy

Egypt’s Qalaa Holdings posts narrower 2nd-quarter net loss

Egypt’s Qalaa Holdings posts narrower 2nd-quarter net loss

Qalaa Holdings, one of Egypt's largest investment firms, reported a second-quarter net loss after tax and minority interests of LE84.7…
Egyptian-Chinese cooperation in petroleum research

Egyptian-Chinese cooperation in petroleum research

Egypt and China have signed a memorandum of understanding to promote joint cooperation in the field of petroleum research, petrochemical…
Developed, emerging markets diverge as Fed keeps rates steady

Developed, emerging markets diverge as Fed keeps rates steady

European stocks fell on Friday and bonds rose, pushing yields sharply lower, after the US Federal Reserve cited weakening global…
Egypt succeeds in significantly decreasing budget deficit

Egypt succeeds in significantly decreasing budget deficit

Egypt has succeeded in significantly lowering the budget deficit due to the adopted economic reform polices, especially in the taxes…
Egypt’s market gains $6.4 bn in a week, EGX 30 index rises 3.2%

Egypt’s market gains $6.4 bn in a week, EGX 30 index rises 3.2%

Egypt's market has gained EGP 6.4 billion this week, as the market capital rose by 1.4 percent to reach 447.4…
Demand grows for oil trade finance in Middle East, banks say

Demand grows for oil trade finance in Middle East, banks say

Banks are seeing a pick up in interest for trade finance from Middle East oil companies, especially in Egypt, they…
Egypt’s market gains LE350 mn on Thursday, indexes mixed

Egypt’s market gains LE350 mn on Thursday, indexes mixed

Egypt's stock market ended its Thursday session with a mixed performance, as the benchmark EGX30 index inched up 0.02 percent,…
Egyptian pound stable at dollar sale, stronger in exchange bureaux

Egyptian pound stable at dollar sale, stronger in exchange bureaux

The Egyptian pound was held steady by the central bank at a dollar sale on Thursday, as it sold $37.8…
UAE’s NBAD and National Bank of Egypt to advise on Egypt Midor’s $1.4 bln expansion

UAE’s NBAD and National Bank of Egypt to advise on Egypt Midor’s $1.4 bln expansion

National Bank of Abu Dhabi (NBAD), the United Arab Emirates' largest lender by assets, and National Bank of Egypt will…
Worries over global growth weigh as Fed mulls rate hike

Worries over global growth weigh as Fed mulls rate hike

China's economic downturn and weak inflation pose a challenge to the US Federal Reserve as it weighs raising interest rates…
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