Economy
CAPMAS: Railway revenues up LE22.9 mn in July
August 31, 2015
CAPMAS: Railway revenues up LE22.9 mn in July
The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that revenues from railway passenger transportation have risen to…
Russian ruble in freefall on low price of oil
August 31, 2015
Russian ruble in freefall on low price of oil
The Russian ruble is set for continuing decline, analysts said, as the low price of oil squeezes the country's economy. The…
Survey:Mideast funds more positive on stocks as valuations improve
August 31, 2015
Survey:Mideast funds more positive on stocks as valuations improve
Middle East fund managers have turned more positive towards equities in the region after a plunge in markets reduced valuations…
Asian stocks set for worst monthly drop in three years as Fed, China loom
August 31, 2015
Asian stocks set for worst monthly drop in three years as Fed, China loom
Global financial markets looked set for another rough week on Monday, with stocks and commodities falling ahead of data that…
Egypt’s market gains LE260 mn Sunday, all indexes down
August 30, 2015
Egypt’s market gains LE260 mn Sunday, all indexes down
Egypt's market closed in the red zone following Sunday's session, as the benchmark EGX30 index went down 0.33 percent, to…
Egyptian pound steady at official auction, weaker at exchange bureaus
August 30, 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…
Lottery dreams turn to nightmares in Illinois budget crisis
August 30, 2015
Lottery dreams turn to nightmares in Illinois budget crisis
It's an unlucky time to hit the jackpot in Illinois.
MIDEAST STOCKS: Saudi Arabia surges, boosted by stronger oil
August 30, 2015
MIDEAST STOCKS: Saudi Arabia surges, boosted by stronger oil
Saudi Arabia's stock market continued its sharp rebound in early trade on Sunday as stronger oil prices lifted shares in…
Public business sector on verge of collapse: Reports
August 30, 2015
Public business sector on verge of collapse: Reports
Major companies from the public business sector are on the verge of collapse due to increased losses and the deterioration…
Chinese tourists unfazed by currency fall, market turmoil
August 30, 2015
Chinese tourists unfazed by currency fall, market turmoil
China's currency devaluation and slowing economy have caused enormous turmoil in world financial markets, but they have not really bothered…