Economy

Egypt’s market gains LE1.6 billion on Tuesday, EGX30 rises 0.7%

Egypt’s market gains LE1.6 billion on Tuesday, EGX30 rises 0.7%

Egypt's market closed in the green zone on Tuesday's session, as the benchmark EGX30 index rose 0.68 percent, recording 8,083.18…
Egypt’s Beltone joins NASDAQ Dubai as market maker

Egypt’s Beltone joins NASDAQ Dubai as market maker

 Beltone Market Maker, a subsidiary of Egypt-based financial services company Beltone Financial , has joined NASDAQ Dubai to provide market-making…
Egyptian pound steady at official auction, exchange bureaux

Egyptian pound steady at official auction, exchange bureaux

Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday, and the…
Egypt’s market gains LE660 mn on Monday, EGX30 inches up 0.22%

Egypt’s market gains LE660 mn on Monday, EGX30 inches up 0.22%

Egypt's market closed in the green zone on Monday's session, as the benchmark EGX30 index inched up 0.22 percent, recording…
Telecom Egypt’s Q2 net profit rises to $48.3 million

Telecom Egypt’s Q2 net profit rises to $48.3 million

Telecom Egypt earned a second-quarter profit after tax of 378 million Egyptian pounds ($48.28 million), up 55 percent from 243…
Egypt’s market loses LE5.4 billion on Sunday, EGX30 falls 1.3%

Egypt’s market loses LE5.4 billion on Sunday, EGX30 falls 1.3%

Egypt's market closed in the red zone on Sunday's session, as the benchmark EGX30 index fell 1.27 percent, recording 8,011.06 points…
MIDEAST STOCKS: Saudi Arabia falls further on oil; Egypt also slides

MIDEAST STOCKS: Saudi Arabia falls further on oil; Egypt also slides

Saudi Arabia's stock market fell in early trade on Thursday, tracking oil prices, and Egypt's market was also soft under…
Egyptian pound steady at official auction, exchange bureaus

Egyptian pound steady at official auction, exchange bureaus

Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Sunday. The currency…
Minister: New Suez Canal to double Egypt’s exports in 5 years

Minister: New Suez Canal to double Egypt’s exports in 5 years

The New Suez Canal will increase Egypt's exports from $4.6 billion to nearly 8 billion dollars in five years, Agriculture…
Egypt’s Global Telecom reports $28 mn Q2 net profit

Egypt’s Global Telecom reports $28 mn Q2 net profit

Egypt's Global Telecom Holding , formerly Orascom Telecom, reported a second-quarter net profit of $28 million.That compared with a loss…
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