Economy
IMF’s Lagarde warns of spillover risks from recent volatility
September 2, 2015
IMF’s Lagarde warns of spillover risks from recent volatility
Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the…
Asian shares fall for third day on global growth concerns
September 2, 2015
Asian shares fall for third day on global growth concerns
Asian shares fell for a third straight day on Wednesday as weak manufacturing reports from China, the United States and Europe…
One million Suez Canal commemorative coins on market next week
September 1, 2015
One million Suez Canal commemorative coins on market next week
The Finance Ministry has said that the New Suez Canal commemorative coins it issued early last week were well received…
Egypt’s market loses LE1.8 bn on Tuesday, EGX30 down 0.7%
September 1, 2015
Egypt’s market loses LE1.8 bn on Tuesday, EGX30 down 0.7%
Egypt's market closed in the red zone on Tuesday, as the world markets extend losses and China falters again, according…
World markets extend losses as China falters again
September 1, 2015
World markets extend losses as China falters again
Global stock markets plunged further on Tuesday as more gloomy evidence emerged of China's economic slowdown, leading to heavy sell-offs…
Egypt’s El Sewedy Electric posts Q2 net profit of $68.63 mn
September 1, 2015
Egypt’s El Sewedy Electric posts Q2 net profit of $68.63 mn
Egypt's El Sewedy Electric lifted second-quarter net profit to LE537.38 million ($68.63 million) from LE103.62 million a year earlier, it…
Egyptian pound steady at official auction, weaker at exchange bureaus
September 1, 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 Tuesday, and the…
Eurozone unemployment lowest for three years, data shows
September 1, 2015
Eurozone unemployment lowest for three years, data shows
Unemployment in the eurozone fell to 10.9 percent in July, the first time it has dipped below 11 percent since…
Egypt’s market gains LE10 bn on Monday, EGX30 jumps 2.8%
August 31, 2015
Egypt’s market gains LE10 bn on Monday, EGX30 jumps 2.8%
Egypt's market jumped during Monday's session, after Italy's Eni announced a potentially huge natural gas discovery off the country's coast,…
Tourism Minister to open hotel in Marsa Alam
August 31, 2015
Tourism Minister to open hotel in Marsa Alam
In the presence of the Red Sea governor and Porto Ghareb board chairman Adel Rady, Tourism Minister Khaled Ramy inaugurated…