Economy
CEO: National Bank of Egypt postpones bond issue, to repay $600 mn
August 4, 2015
CEO: National Bank of Egypt postpones bond issue, to repay $600 mn
National Bank of Egypt will postpone a new bond issuance and repay $600 million of earlier bonds on Wednesday, its…
Brent oil price falls to lowest level since January
August 4, 2015
Brent oil price falls to lowest level since January
The price of Brent crude oil fell below $50 per barrel late on Monday, on weak Chinese economic data, slower global…
Emaar Misr says first-half net profit up 283% to $66.7 mn
August 4, 2015
Emaar Misr says first-half net profit up 283% to $66.7 mn
Egyptian property developer Emaar Misr said on Tuesday its first-half net profit jumped 283 percent to LE522 million ($66.67 million).Revenue…
Egypt awards five oil and gas concessions worth $100 mn
August 3, 2015
Egypt awards five oil and gas concessions worth $100 mn
Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about $100…
Egyptian Exchange, GAFI sign agreement on promoting EGX role
August 3, 2015
Egyptian Exchange, GAFI sign agreement on promoting EGX role
The Egyptian Exchange (EGX) has signed a memorandum of understanding with the General Authority for Investment and Free Zones (GAFI)…
Egypt’s market loses LE2.8 billion on Monday, EGX30 declines 0.9%
August 3, 2015
Egypt’s market loses LE2.8 billion on Monday, EGX30 declines 0.9%
Egypt's market extended its loses on Monday's session, as the benchmark EGX30 index went down 0.87 percent, recording 8,087.54points and…
EGAS: BW Gas to provide Egypt with floating LNG terminal
August 3, 2015
EGAS: BW Gas to provide Egypt with floating LNG terminal
Norway-based BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract, an…
Gulf stocks may remain under pressure as oil hits fresh lows
August 3, 2015
Gulf stocks may remain under pressure as oil hits fresh lows
Gulf stock markets may remain under selling pressure on Monday after oil hit fresh multi-month lows. Saudi Arabia's Mobily, in…
Egypt’s market loses LE1 billion on Sunday, EGX30 down 0.41%
August 2, 2015
Egypt’s market loses LE1 billion on Sunday, EGX30 down 0.41%
Egypt's market closed in the red zone on Sunday's session, as the benchmark EGX30 index nched down 0.41 percent, recording…
Egyptian pound steady at official auction and in exchange bureaus
August 2, 2015
Egyptian pound steady at official auction and in exchange bureaus
Egypt's central bank kept the Egyptian pound steady at 7.73 per dollar at a foreign exchange auction on Sunday after…