Economy
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…
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…