Economy

Egypt’s market loses LE1.2 bn on Wednesday, EGX30 down 0.74%

Egypt’s market loses LE1.2 bn on Wednesday, EGX30 down 0.74%

Egypt's market closed in the red zone on Wednesday's session, as the benchmark EGX30 index went down 0.74 percent, to…
Egypt picks winners in tender for 4 LNG cargoes via Jordan

Egypt picks winners in tender for 4 LNG cargoes via Jordan

 Egypt has picked Shell, Vitol and Trafigura in a tender to supply four cargoes of liquefied natural gas (LNG) via…
IMF’s Lagarde warns of spillover risks from recent volatility

IMF’s Lagarde warns of spillover risks from recent volatility

Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the…
Asian shares fall for third day on global growth concerns

Asian shares fall for third day on global growth concerns

Asian shares fell for a third straight day on Wednesday as weak manufacturing reports from China, the United States and Europe…
One million Suez Canal commemorative coins on market next week

One million Suez Canal commemorative coins on market next week

The Finance Ministry has said that the New Suez Canal commemorative coins it issued early last week were well received…
Egypt’s market loses LE1.8 bn on Tuesday, EGX30 down 0.7%

Egypt’s market loses LE1.8 bn on Tuesday, EGX30 down 0.7%

Egypt's market closed in the red zone on Tuesday, as the world markets extend losses and China falters again, according…
World markets extend losses as China falters again

World markets extend losses as China falters again

Global stock markets plunged further on Tuesday as more gloomy evidence emerged of China's economic slowdown, leading to heavy sell-offs…
Egypt’s El Sewedy Electric posts Q2 net profit of $68.63 mn

Egypt’s El Sewedy Electric posts Q2 net profit of $68.63 mn

Egypt's El Sewedy Electric lifted second-quarter net profit to LE537.38 million ($68.63 million) from LE103.62 million a year earlier, it…
Egyptian pound steady at official auction, weaker at exchange bureaus

Egyptian pound steady at official auction, weaker at exchange bureaus

Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday, and the…
Eurozone unemployment lowest for three years, data shows

Eurozone unemployment lowest for three years, data shows

Unemployment in the eurozone fell to 10.9 percent in July, the first time it has dipped below 11 percent since…
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