Business
ADB to support Egypt’s new capital with US$1.5 bn
February 20, 2016
ADB to support Egypt’s new capital with US$1.5 bn
The African Development Bank has vowed to provide a US$1.5 billion contribution to the financing of Egypt’s New Administrative Capital…
Egypt’s strategic wheat reserves to last until early June: minister
February 20, 2016
Egypt’s strategic wheat reserves to last until early June: minister
Egypt's strategic wheat reserves are enough to last until the start of June, Supply Minister Khaled Hanafi said in a…
Stocks knocked back as oil rally falters
February 19, 2016
Stocks knocked back as oil rally falters
A faltering oil price rally pushed back European stocks and sent benchmark German Bund yields below 0.20 percent on Friday…
Analysts expect further ‘dollarization’ after sharp declines in Egyptian currency
February 19, 2016
Analysts expect further ‘dollarization’ after sharp declines in Egyptian currency
Analysts and bankers expect an increase in Egyptians' demands to convert Egyptian pounds to US dollars, a phenomenon known as…
Egypt struggles to get subsidized food to poor amid dollar crisis
February 19, 2016
Egypt struggles to get subsidized food to poor amid dollar crisis
"Any rice?" says the woman, leaning into a shop in Cairo and brandishing a green smartcard that carries her family's…
Egypt’s stocks inch down mid-trade after morning rise
February 18, 2016
Egypt’s stocks inch down mid-trade after morning rise
After making a slight increase half an hour into trading, the Egyptian stock market’s benchmark index EGX 30 edged down…
Egyptian pound steady at forex sale, black market under pressure
February 18, 2016
Egyptian pound steady at forex sale, black market under pressure
The Egyptian pound was steady against the dollar at an official forex auction on Thursday and black market traders quoted…
Yields on Egypt’s 6-month and 1-yr T-bills rise at auction
February 18, 2016
Yields on Egypt’s 6-month and 1-yr T-bills rise at auction
Yields on Egypt's six-month and one-year treasury bills rose at an auction on Thursday, data from the central bank showed. The…
Egypt’s ‘chocolate’ imports from Israel US$45,000: Israeli ministry
February 18, 2016
Egypt’s ‘chocolate’ imports from Israel US$45,000: Israeli ministry
Egypt’s imports of Israeli chocolate stood at US$45,000 in 2015, a report by the Israeli Foreign Ministry said Wednesday, citing…
Egypt to purchase 10 Superjet passenger planes from Russia
February 17, 2016
Egypt to purchase 10 Superjet passenger planes from Russia
An Egyptian airline is expected to sign a contract with Russia’s Sukhoi Civil Aircraft Company (CJSC) next month for 10…