Economy

Mobile phone operators accuse TE Data of stealing customers

Mobile phone operators accuse TE Data of stealing customers

Egypt’s three mobile phone service operators have accused the country’s sole landline phone operator, Telecom Egypt, of causing them to lose their…
Oil prices fall; Iran, China to discuss supplies

Oil prices fall; Iran, China to discuss supplies

Brent crude prices fell almost US$1 a barrel on Tuesday, with an Iranian delegation in Beijing this week to push…
Emaar’s Egypt unit signals chairman role change ahead of float

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 %

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

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

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

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

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

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

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…
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