Economy

Egypt’s exports drop 20% in August

Egypt’s exports drop 20% in August

Egyptian exports, other than petrochemical products, dropped by 19.87 percent to reach LE11,005 billion (US$1,433 billion) in August 2015, compared to LE12,687…
Egypt’s market gains LE2.3 bn on Wednesday, EGX30 rises 1.3%

Egypt’s market gains LE2.3 bn on Wednesday, EGX30 rises 1.3%

Egypt's stock market closed on the green zone for a fourth straight session, as the benchmark EGX30 index on Wednesday…
EgyptAir Tourism travel agency announces Eid offers

EgyptAir Tourism travel agency announces Eid offers

EgyptAir Tourism (Karnak) and the Duty Free travel agency are offering all-inclusive trips including accommodation, transportation and tickets for Arab…
Global markets wait nervously for Fed’s rate decision

Global markets wait nervously for Fed’s rate decision

Financial markets that have been buffeted by the prospect of the first US interest rate hike in almost a decade…
WIEF chairman: High time for Egypt to join strong economic blocs

WIEF chairman: High time for Egypt to join strong economic blocs

Chairman of World Islamic Economic Forum (WIEF) Tun Musa Hitam has said time is ripe for Egypt to join strong…
Egypt’s market lost LE250 mn Tuesday, EGX30 inches up 0.24 %

Egypt’s market lost LE250 mn Tuesday, EGX30 inches up 0.24 %

The Egyptian stock exchange's benchmark index EGX30 inched up 0.24 percent to 7,175.59  points Tuesday , while the EGX market lost…
Egypt Central Bank seen keeping rates on hold: survey

Egypt Central Bank seen keeping rates on hold: survey

 Egypt's central bank is expected to keep interest rates unchanged on Thursday as it balances efforts to control inflation with…
Egyptian pound stable at dollar sale, stronger at exchange bureaux

Egyptian pound stable at dollar sale, stronger at exchange bureaux

The Egyptian pound was held steady by the central bank at a dollar sale on Tuesday, selling $37.8 million at…
Kuwait to sell local currency bonds by year-end to met deficit: minister

Kuwait to sell local currency bonds by year-end to met deficit: minister

Kuwait plans to issue bonds denominated in local currency by the end of this year to help the Gulf Arab…
Emerging economies plea for end to US rates agony

Emerging economies plea for end to US rates agony

Some of the world's biggest emerging economies are pleading for the United States to end their drawn-out agony and raise…
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