Economy

Oil prices edge down from 2015-highs, but set for weekly gain

Oil prices edge down from 2015-highs, but set for weekly gain

 Oil prices held steady on Friday near 2015-highs reached the session before, remaining on track for weekly gains after renewed…
Chairman:Egyptian state company to present major solar power project

Chairman:Egyptian state company to present major solar power project

A megaproject to generate 100 megawatts of energy using solar power in Upper Egypt's Aswan city will be put forth…
Egyptian pound steady at forex auction, eases on black market

Egyptian pound steady at forex auction, eases on black market

Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday while…
Egypt’s market gains LE3.5 billion on Thursday, EGX30 rises 1.18%

Egypt’s market gains LE3.5 billion on Thursday, EGX30 rises 1.18%

Egypt's market closed in the green zone on Thursday's session, with the benchmark index EGX30 increasing by 1.18 percent to…
LE1 bn from the treasury to buy first batch of Egyptian wheat

LE1 bn from the treasury to buy first batch of Egyptian wheat

Finance Minister Hani Qadri Demian has allocated LE10 billion for the government to buy domestically-grown wheat, with LE1 billion to…
Egyptian pound steady at forex auction, eases on black market

Egyptian pound steady at forex auction, eases on black market

Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Wednesday while…
Oil extends losses as Saudis halt Yemen strikes

Oil extends losses as Saudis halt Yemen strikes

Global oil prices fell on Wednesday after a Saudi-led coalition declared an end to four weeks of air strikes in…
Egypt says buys 120,000 tons local wheat in first week of season

Egypt says buys 120,000 tons local wheat in first week of season

Egypt has purchased 120,000 tons of its own wheat since it started its local procurement season last week, the supplies…
Turkish exports to Arab countries may decline after Ro-Ro agreement cancellation

Turkish exports to Arab countries may decline after Ro-Ro agreement cancellation

The Turkish Cihan news agency said on Wednesday that Turkish exports to Arab countries may decline significantly after Egypt cancels…
Egypt’s market gains LE2.9 billion on Wednesday, EGX30 rises 0.63%

Egypt’s market gains LE2.9 billion on Wednesday, EGX30 rises 0.63%

Egypt's market recovered during Wednesday's session, with the benchmark index EGX30 increasing by 0.63 percent to record 8,629.49 points, but…
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