Economy
Central bank: Egypt issues 674.5 mn euro in t-bills at avg yield of 2.289%
August 24, 2015
Central bank: Egypt issues 674.5 mn euro in t-bills at avg yield of 2.289%
Egypt's central bank sold 674.5 million in one-year, euro-denominated treasury bills at an average yield of 2.289 percent at its…
Egypt’s equities continue to shed blood; market cap loses $1 bn Monday
August 24, 2015
Egypt’s equities continue to shed blood; market cap loses $1 bn Monday
Egypt's equities continued to shed blood during Monday's session as stocks were sold across the board. The benchmark EGX30 index dropped…
Govt report: Cotton exports up 63.7% in 3rd quarter of 2014/2015 fiscal year
August 24, 2015
Govt report: Cotton exports up 63.7% in 3rd quarter of 2014/2015 fiscal year
Cotton exports increased 63.7 percent during the third quarter of the 2014-2015 (March-May) fiscal year, a government report has said. “The…
Commodities slump to 16-year low led by oil slide
August 24, 2015
Commodities slump to 16-year low led by oil slide
Oil futures led a dramatic fall in commodity prices on Monday, with US crude trading below $40 a barrel as…
MIDEAST STOCKS: Oil, global contagion to keep markets under pressure
August 24, 2015
MIDEAST STOCKS: Oil, global contagion to keep markets under pressure
Middle East stock markets look set to remain under downward pressure on Monday as oil prices hit fresh 6-1/2 year…
Egyptian pound steady at official auction, weaker at exchange bureaus
August 23, 2015
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 Sunday, and the…
CAPMAS: 18.9% decrease in Egyptian exports during April 2015
August 23, 2015
CAPMAS: 18.9% decrease in Egyptian exports during April 2015
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced a decrease in Egyptian exports in April 2015 estimated by…
MIDEAST STOCKS: Weak oil, Saudi credit outlook cut to weigh on markets
August 23, 2015
MIDEAST STOCKS: Weak oil, Saudi credit outlook cut to weigh on markets
Further weakness in oil prices and the decision by Fitch Ratings to cut its outlook for Saudi Arabia's debt look…
South Sinai investors recommend 2-year halt to property tax
August 22, 2015
South Sinai investors recommend 2-year halt to property tax
Investors in South Sinai are demanding a moratorium for real estate taxes as an incentive for an already reeling tourism…
Egypt company denies LNG imports via Jordan
August 22, 2015
Egypt company denies LNG imports via Jordan
Egypt has denied news reports it is seeking to import liquefied natural gas (LNG) via Jordan’s Aqaba. Khaled Abdel Badie, head…