Economy

Oil prices drop on high supplies

Oil prices drop on high supplies

Oil prices fell Thursday after a mixed US energy report showed a healthy decline in crude stockpiles but a rise…
Egypt agrees to export cotton to Ukraine in exchange for wheat imports

Egypt agrees to export cotton to Ukraine in exchange for wheat imports

 Egypt has agreed to export Egyptian cotton to Ukraine in exchange for importing Ukrainian wheat, Egypt's state news agency MENA…
Egypt’s market loses LE2.4 billion on Wednesday, EGX30 down 0.8%

Egypt’s market loses LE2.4 billion on Wednesday, EGX30 down 0.8%

Egypt's market closed in the red zone on Wednesday's session, as the benchmark EGX30 index went down 0.83 percent, recording…
$2 bn bilateral trade with UAE in 2014, up 17% from 2013

$2 bn bilateral trade with UAE in 2014, up 17% from 2013

The bilateral trade between Egypt and the United Arab Emirates rose by 17 percent in 2014, compared to the year…
Analysis : Raising interest rates with zero inflation is a hard sell

Analysis : Raising interest rates with zero inflation is a hard sell

Americans and Britons bracing for their first interest rate rises in almost a decade are puzzled: why are rates about…
Sidi Kerir H1 profit falls to LE421.8 mn

Sidi Kerir H1 profit falls to LE421.8 mn

Egypt's Sidi Kerir Petrochemicals posted a first-half profit of LE421.8 million ($53.9 million) on Wednesday, down from LE480 million a…
Kuwait’s Al Ahli gets Egyptian c.bank nod to buy Piraeus Bank Egypt

Kuwait’s Al Ahli gets Egyptian c.bank nod to buy Piraeus Bank Egypt

Kuwait's Al Ahli Bank received approval from the Egyptian central bank to buy Piraeus Bank's unit in the North African…
Emaar Misr says Alabbar now non-executive chairman

Emaar Misr says Alabbar now non-executive chairman

Egyptian property developer Emaar Misr said in a bourse filing on Tuesday that Mohammed Alabbar was now non-executive chairman, after…
Egypt’s market gains LE3.7 billion on Tuesday, EGX30 rises 1.2%

Egypt’s market gains LE3.7 billion on Tuesday, EGX30 rises 1.2%

Egypt's market closed in the green zone on Tuesday's session, as the benchmark EGX30 index increased 1.17 percent, recording 8,181.95…
Egyptian pound steady at official auction, exchange bureaus

Egyptian pound steady at official auction, exchange bureaus

Egypt's central bank kept the Egyptian pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday after…
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