Economy
German economic delegation visits Egypt to enhance joint cooperation
September 13, 2015
German economic delegation visits Egypt to enhance joint cooperation
German economic delegation, under former German transport minister Peter Ramzawr, is currently visiting Egypt for five days. The delegation discussed with…
Egypt pound steady at dollar sale, weaker at exchange bureaus
September 13, 2015
Egypt pound steady at dollar sale, weaker at exchange bureaus
Egypt's central bank kept the pound steady at a dollar sale on Sunday, selling $37.8 million at a cut-off price…
World on edge as Fed weighs rate increase
September 13, 2015
World on edge as Fed weighs rate increase
The possibility that the Federal Reserve could raise interest rates for the first time in over nine years this week…
IMF chief urges Africa to spend responsibly
September 12, 2015
IMF chief urges Africa to spend responsibly
IMF chief Christine Lagarde urged African governments to spend responsibly as she visited Liberia on Friday, a week after it…
Low oil prices to hit non-OPEC output, boost demand in 2016: IEA
September 11, 2015
Low oil prices to hit non-OPEC output, boost demand in 2016: IEA
Low crude oil prices will lead to a pick up in demand and next year may cause the biggest drop…
Oil falls as Saudi rejects producer summit; Goldman cuts forecast
September 11, 2015
Oil falls as Saudi rejects producer summit; Goldman cuts forecast
Crude oil prices fell on Friday as a stronger dollar, Saudi Arabia's dismissal of a producer summit and a lower…
Egypt’s market loses LE9.3 bn in a week, EGX30 index drops 3.5%
September 11, 2015
Egypt’s market loses LE9.3 bn in a week, EGX30 index drops 3.5%
Egypt's stock market has witnessed losses of LE9.3 billion (US$1.2 billion) this week, as all indexes dropped, Egyptian Exchange data…
Egypt market gains LE960 mn Thursday, EGX30 inches down 0.2 %
September 10, 2015
Egypt market gains LE960 mn Thursday, EGX30 inches down 0.2 %
Egypt's stock market closed in the red zone on Thursday, as the benchmark EGX30 index inched down 0.15 percent to…
Iron, steel companies announce September prices
September 10, 2015
Iron, steel companies announce September prices
Iron and steel companies have announced the maximum prices for their products in September, said Supply and Internal Trade Minister Khaled…
Egypt pound steady at dollar sale, sharply higher at exchange bureaux
September 10, 2015
Egypt pound steady at dollar sale, sharply higher at exchange bureaux
Egypt's central bank kept the pound steady at a dollar sale on Thursday, selling US$37.6 million at a cut-off price…