Economy

Egypt’s market gains LE1.2 bn on Tuesday, EGX30 rises 0.9%

Egypt’s market gains LE1.2 bn on Tuesday, EGX30 rises 0.9%

Egypt's market closed in the green zone on Tuesday's session, as the benchmark EGX30 Index rose 0.90 percent reaching 8,877.68…
Egyptian pound steady at official auction, weaker on black market

Egyptian pound steady at official auction, weaker on black market

Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Tuesday, while…
Analysis: Finance Ministry yields to pressures on stock market tax

Analysis: Finance Ministry yields to pressures on stock market tax

Finance Minister Hany Qadry Dimian has remained silent on his decision to impose a tax on stock market revenues.
Official: Govt prepares bill to regulate e-commerce

Official: Govt prepares bill to regulate e-commerce

Chairman of the e-tourism Chamber Mostafa Sultan said Ramy Khaled, the Tourism Minister, asked the Chamber to submit a draft…
Egypt’s economy and the lure of Sisis

Egypt’s economy and the lure of Sisis

Which country’s stock market delivered the best returns for investors in 2014? In spite of its struggling economy and tumultuous…
21% decline in Egypt’s non-petroleum exports in the first four months of 2015

21% decline in Egypt’s non-petroleum exports in the first four months of 2015

Egypt's non-petroleum exports have declined by 21 percent in the first four months of 2015 to stand at $6.2 billion,…
US Congress considering customs preferences for Egyptian imports

US Congress considering customs preferences for Egyptian imports

The US Congress is considering the reactivation of a preference system which grants 4,300 Egyptian exports customs exemptions on entry…
Planemaker Dassault to double Rafale output in 2-3 years if India buys

Planemaker Dassault to double Rafale output in 2-3 years if India buys

Dassault Aviation will double production of its Rafale combat jet within two to three years of the completion of a…
Egyptian-Kuwaiti cooperation council to pump US$4 bn into investments

Egyptian-Kuwaiti cooperation council to pump US$4 bn into investments

Four billion US dollars will be pumped into the Egyptian market over the coming period, according to Moataz al-Alfy, head…
Field of bidders narrows for Citigroup’s Egyptian retail business

Field of bidders narrows for Citigroup’s Egyptian retail business

The number of banks in the running to buy Citigroup's consumer business in Egypt has fallen as the bidding process…
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