Economy
Emaar’s Egypt unit signals chairman role change ahead of float
April 6, 2015
Emaar’s Egypt unit signals chairman role change ahead of float
Emaar Misr, the Egyptian unit of Dubai developer Emaar Properties, said on Monday investors would vote later this month on…
Egypt’s market loses LE7.4 billion on Monday, EGX30 falls 1.2 %
April 6, 2015
Egypt’s market loses LE7.4 billion on Monday, EGX30 falls 1.2 %
Egypt's market incurred heavy losses on Monday for the third session in a raw, with benchmark index EGX30 dropping 1.16…
Egyptian pound steady on official, black markets
April 6, 2015
Egyptian pound steady on official, black markets
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Monday, and…
Oil up more than US$1 after Saudi’s Asia price hike
April 6, 2015
Oil up more than US$1 after Saudi’s Asia price hike
Oil futures climbed more than US$1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia…
Egypt’s central bank says sells $281 mln in interbank market
April 5, 2015
Egypt’s central bank says sells $281 mln in interbank market
Egypt's central bank said on Sunday it sold $281 million in the interbank market to meet outstanding demand for staple…
Egyptian pound steady on official market, stronger on black market
March 19, 2015
Egyptian pound steady on official market, stronger on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Thursday, while…
Interview: Presidential economic adviser optimistic after conference
March 19, 2015
Interview: Presidential economic adviser optimistic after conference
Presidential Economic Adviser Mohamed al-Erian said that he felt optimistic after the economic conference, adding that the challenges President Abdel…
Egypt’s dollar shortage squeezes private wheat importers
March 12, 2015
Egypt’s dollar shortage squeezes private wheat importers
Egypt's currency market reforms are inflicting a heavy toll on many private sector wheat traders struggling to secure shipments for…
EGX30 rises 1.2 % on Thursday
March 5, 2015
EGX30 rises 1.2 % on Thursday
Egypt's market rebounded Thursday with EGX30 Index rose 1.21percent to record 9,575.98 points on total turnover of LEP479million, the Egyptian…
C bank governor :Egypt to keep using interbank market “in coming period”
March 1, 2015
C bank governor :Egypt to keep using interbank market “in coming period”
Egypt's central bank will continue using the interbank market "in the coming period" alongside regular dollar auctions, the bank's governor…