Business
Egyptian T-bill yields rise, signals possible interest rate hike
February 28, 2016
Egyptian T-bill yields rise, signals possible interest rate hike
Yields on Egypt's three-month and nine-month treasury bills rose sharply at Sunday's auction, data from the central bank showed, signalling…
Egyptian pound steady at forex sale, stronger on black market
February 28, 2016
Egyptian pound steady at forex sale, stronger on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday but was stronger on…
Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry
February 28, 2016
Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry
The Ministry of Finance is working on amendments to laws regulating the issuance of Islamic bonds (sukuk) as a means…
Saudi to increase oil supplies to Egypt in new five-year deal
February 28, 2016
Saudi to increase oil supplies to Egypt in new five-year deal
Saudi Arabia is to meet Egypt's oil needs for a five-year period, increasing the quantity of imported oil from 500,000…
Egypt’s CIB appoints former central bank governor Ramez as managing director
February 28, 2016
Egypt’s CIB appoints former central bank governor Ramez as managing director
Commercial International Bank (CIB), Egypt's largest listed company, said on Sunday it had appointed former central bank governor Hisham Ramez…
Deepening default fears cast shadow over Venezuela’s oil flows
February 27, 2016
Deepening default fears cast shadow over Venezuela’s oil flows
As Venezuela grows closer to exhausting nearly every means of paying its debt, some oil market participants are seriously pondering…
G20 communique says monetary policy alone cannot bring balanced growth
February 27, 2016
G20 communique says monetary policy alone cannot bring balanced growth
Policymakers from the world's top economies said on Saturday that the world needs to look beyond easy monetary policy to…
Egypt participates for the first time in G20 finance ministers meeting in China
February 26, 2016
Egypt participates for the first time in G20 finance ministers meeting in China
Egypt will participate in the G20 meeting of finance ministers and central bank governors for the first time on Friday…
Saudi, Egypt up in early trade but volumes low
February 25, 2016
Saudi, Egypt up in early trade but volumes low
Saudi Arabia's stock market rose in early trade on Thursday as local traders accumulated shares in small and mid-cap stocks,…
Egypt confiscates 7 pct of Juhayna’s shares, owned by chairman, for alleged Brotherhood ties
February 25, 2016
Egypt confiscates 7 pct of Juhayna’s shares, owned by chairman, for alleged Brotherhood ties
The committee tasked with managing the Muslim Brotherhood group's funds confiscated on Wednesday 7.204 percent of Juhayna's shares, owned by…