Economy
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…
Egypt’s market losses LE2.9 billion on Sunday , EGX30 drops 0.54%
March 1, 2015
Egypt’s market losses LE2.9 billion on Sunday , EGX30 drops 0.54%
Egypt's market main index EGX30 Sunday decreased 0.54 percent to record 9,283.59 points and a weak turnover of LE345million, the…
Egypt’s Global Telecom says 2014 losses narrowed by 84 percent
February 25, 2015
Egypt’s Global Telecom says 2014 losses narrowed by 84 percent
Global Telecom, the Egypt-based group formerly called Orascom Telecom, reported a 2014 loss of LE3.2 billion ($419.40 million), the company…
Al- Sisi discusses increasing investments of Italy’s giant Eni in Egypt
February 21, 2015
Al- Sisi discusses increasing investments of Italy’s giant Eni in Egypt
President Abdel Fattah Al Sisi met on Saturday with Chief Executive Officer (CEO) Claudio Descalzi of Italy's giant oil company…
Experts torn on Egypt’s drop to USD in trade exchanges with Russia
February 15, 2015
Experts torn on Egypt’s drop to USD in trade exchanges with Russia
The two-day visit of the Russian president Vladimir Putin to Egypt resulted in many pivotal outcomes, including dropping the use…
Communications Minister says ready for Economic Summit with large projects
February 4, 2015
Communications Minister says ready for Economic Summit with large projects
In an interview with Al-Masry Al-Youm, Communications Minister Atef Helmy said the ministry is offering many investment opportunities at the Economic…
Egypt says to issue $950 mln 1-year Treasury bill
January 8, 2015
Egypt says to issue $950 mln 1-year Treasury bill
Egypt plans to issue a $950 million 1-year Treasury bill next week, the central bank said on Thursday.It said the…
Cairo stops subsidies to farmers of cotton, once Egypt’s “white gold”
January 6, 2015
Cairo stops subsidies to farmers of cotton, once Egypt’s “white gold”
Growers of Egypt's high quality cotton will no longer receive any state support and have been advised not to plant…
EFG Hermes: Early signs for recovery of Egyptian economy confirmed
November 27, 2014
EFG Hermes: Early signs for recovery of Egyptian economy confirmed
EFG Hermes, one of the Middle East's largest investment banks, confirmed early signs for the recovery of the Egyptian economy…
EFG-Hermes: Low oil prices to boost disinflation, subsidy reforms in Egypt
November 25, 2014
EFG-Hermes: Low oil prices to boost disinflation, subsidy reforms in Egypt
EFG-Hermes expects a new era of depressed oil prices and a stuctural shift in global supply and demand balances, according…