Economy

German official: Discovering new gas field in Egypt promotes investment opportunities

German official: Discovering new gas field in Egypt promotes investment opportunities

Head of the German-Arab Chamber of Industry and Commerce and Chairman of the Bundestag's Committee on Economic Affairs and Energy…
Egypt sells LE5 billion in T-bills

Egypt sells LE5 billion in T-bills

The Finance Ministry auctioned on Monday treasury bonds at a total value of LE5 billion. In an online statement, the ministry…
Egypt’s market gains LE2.1 bn on Monday, EGX30 rises 1.1 %

Egypt’s market gains LE2.1 bn on Monday, EGX30 rises 1.1 %

Egypt's stock market closed on the green zone for a second straight session, as the benchmark EGX30 index on Monday rose…
MIDEAST STOCKS: Gulf markets fall, tracking oil, China

MIDEAST STOCKS: Gulf markets fall, tracking oil, China

Gulf stock markets fell early on Monday after oil prices fell again and Chinese equities dropped on poor economic data.Brent…
Cairo, Juba agree on establishing ideal farm in South Sudan

Cairo, Juba agree on establishing ideal farm in South Sudan

Egypt and South Sudan agreed on establishing an ideal farm on an area of 300 feddans in Wau city of…
Central Bank of Egypt sells LE7bn T-bonds

Central Bank of Egypt sells LE7bn T-bonds

The Finance Ministry auctioned on Sunday treasury bonds at a total value of LE7 billion. In an online statement, the ministry…
Applying, withholding VAT both have positive outcomes: Center

Applying, withholding VAT both have positive outcomes: Center

Ensuring transparency in enforcing the value added tax (VAT) can result in a wide tax base and an increase in…
Egypt’s market gains LE1.8 bn on Sunday, EGX30 rises 0.61 %

Egypt’s market gains LE1.8 bn on Sunday, EGX30 rises 0.61 %

Egypt's stock market closed on the green zone on Sunday session, as the benchmark EGX30 index rose 0.61 percent to…
Governor of CBE: Ending parallel market has positive impact on Egypt’s economy

Governor of CBE: Ending parallel market has positive impact on Egypt’s economy

Governor of the Central Bank of Egypt (CBE) Hisham Ramez said on Sunday Egypt's economic reforms improved investors' confidence especially…
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