Economy
Egyptian pound at risk since yuan’s depreciation
August 22, 2015
Egyptian pound at risk since yuan’s depreciation
The Egyptian pound is one of several currencies to suffer from China’s depreciation of its yuan on August 11, Bloomberg…
Fitch revises Saudi Arabia’s outlook to negative
August 22, 2015
Fitch revises Saudi Arabia’s outlook to negative
Fitch Ratings revised its outlook on Saudi Arabia's foreign and local currency issuer default rating (IDR) to "negative" from "stable,"…
Experts: Stock market collapse due to US-China conflict
August 21, 2015
Experts: Stock market collapse due to US-China conflict
The Egyptian stock market lost LE41 billion in six sessions last week, and is expected to lose more. Experts attributed the…
Vodafone drops out of bidding for Lebanese mobile contract
August 21, 2015
Vodafone drops out of bidding for Lebanese mobile contract
Vodafone Group has scrapped its interest in obtaining a management contract to run one of Lebanon's two state-owned mobile operators,…
UPDATE: Egypt looking to Jordan for LNG cargoes, say traders
August 21, 2015
UPDATE: Egypt looking to Jordan for LNG cargoes, say traders
Egypt is seeking liquefied natural gas (LNG) from Jordan, three traders told Reuters on Friday, as the two neighbours bolster…
Juhayna’s chairman barred from trading on Cairo bourse -sources
August 21, 2015
Juhayna’s chairman barred from trading on Cairo bourse -sources
The chairman of Juhayna, Egypt's largest dairy products and juices producer, has been barred from trading on the Cairo bourse…
Suez Canal commemorative coins issued before August end
August 20, 2015
Suez Canal commemorative coins issued before August end
The Finance Ministry will issue commemorative coins before the end of this month celebrating the inauguration of the New Suez Canal, a…
Egypt’s market loses LE3.6 billion on Thursday, EGX30 down 0.94%
August 20, 2015
Egypt’s market loses LE3.6 billion on Thursday, EGX30 down 0.94%
Egypt's market extended its heavy losses on Thursday's session, as the benchmark EGX30 index went down 0.94 percent, recording 7,172.63…
Aberdeen increases stake in Egypt’s Juhayna to 5.1 pct
August 20, 2015
Aberdeen increases stake in Egypt’s Juhayna to 5.1 pct
Aberdeen Asset Management increased its stake in Egyptian food firm Juhayna to 5.08 percent from 4.38 percent, the Britain-based fund…
Egyptian pound steady at official auction, weaker at exchange bureaus
August 20, 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 Thursday, and the…