Economy

German economic delegation visits Egypt to enhance joint cooperation

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

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

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

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

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

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%

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 %

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

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

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…
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