Economy
Global LNG-Price slide deepens on burgeoning supply, European exports competitive
August 29, 2015
Global LNG-Price slide deepens on burgeoning supply, European exports competitive
Asian liquefied natural gas (LNG) prices for October delivery fell this week as new cargoes offered by Indonesia and Australia…
Egypt’s market loses LE6.4 bn in week, EGX30 index down 1.3%
August 28, 2015
Egypt’s market loses LE6.4 bn in week, EGX30 index down 1.3%
Egypt's stock market has witnessed loses of LE6.4 billion (US$818 million) this week, as all indexes dropped, Egyptian Exchange data…
Egypt’s market gains LE12.8 million on Thursday, EGX30 climbs 3 %
August 27, 2015
Egypt’s market gains LE12.8 million on Thursday, EGX30 climbs 3 %
Egypt's market boosted by the improved global equities backdrop on Thursday's session, as the benchmark EGX30 index climbed 2.99 percent,…
Egyptian pound steady at official auction, weaker at exchange bureaus
August 27, 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…
Egypt extends high-moisture wheat exemption for one year
August 27, 2015
Egypt extends high-moisture wheat exemption for one year
Egypt will accept higher moisture levels in government tenders to buy wheat for one year after an initial exemption expires…
Egypt bans rice exports as of Sept. 1
August 27, 2015
Egypt bans rice exports as of Sept. 1
Egypt will ban rice exports again as of Sept. 1. to satisfy domestic consumption, the ministry of trade and industry…
Surprised by global impact of yuan move, China looks to calm markets
August 27, 2015
Surprised by global impact of yuan move, China looks to calm markets
China has been so surprised by the global reaction to its currency devaluation that it is likely to keep the…
Egypt’s non-petroleum exports recede by 18.7% in 7 months
August 27, 2015
Egypt’s non-petroleum exports recede by 18.7% in 7 months
Non-petroleum exports declined during the first seven months of the year by 18.7 percent to reach 11.150 billion dollars compared…
Russia plans to increase wheat supplies to Egypt – Putin
August 27, 2015
Russia plans to increase wheat supplies to Egypt – Putin
Russia plans to increase wheat supplies to Egypt, Russia's President Vladimir Putin said on Wednesday.According to Putin, Russia sold 4…
Egypt’s market gains LE90 million on Wednesday, EGX30 inches 0.5 %
August 26, 2015
Egypt’s market gains LE90 million on Wednesday, EGX30 inches 0.5 %
Egypt's equities closed in the green zone on Wednesday's session, as the benchmark EGX30 index inched up 0.53 percent, to…