Business
Egypt’s central bank receives $900 mln from China under Jan deal
February 8, 2016
Egypt’s central bank receives $900 mln from China under Jan deal
Egypt's central bank has received US$900 million from the China Development Bank under a $1 billion financing agreement signed last…
Egypt to set 2016-17 budget at devalued exchange rate
February 8, 2016
Egypt to set 2016-17 budget at devalued exchange rate
Egypt is preparing its 2016-2017 budget on the basis of an exchange rate of LE8.25 to the dollar, as compared…
Egyptian 3-month T-bill yields drop at auction, 9-month yields rise
February 7, 2016
Egyptian 3-month T-bill yields drop at auction, 9-month yields rise
Yields on Egypt's three-month treasury bills dropped while those on its nine-month bills rose at Sunday's auction, data from the…
Egyptian pound slips further on black market, official rate unchanged
February 7, 2016
Egyptian pound slips further on black market, official rate unchanged
The Egyptian pound continued to weaken on the black market on Sunday, piling more pressure on the central bank to…
As Big Oil shrinks, boards plot different paths out of crisis
February 7, 2016
As Big Oil shrinks, boards plot different paths out of crisis
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted…
CI Capital gets expression of interest from National Bank of Egypt
February 7, 2016
CI Capital gets expression of interest from National Bank of Egypt
The National Bank of Egypt's investment arm has expressed an interest in CI Capital, a subsidiary of Commercial International Bank…
Egypt’s Palm Hills posts 2015 Q4 profit of $26 million
February 7, 2016
Egypt’s Palm Hills posts 2015 Q4 profit of $26 million
Palm Hills, Egypt's second-largest listed property developer, reported on Sunday a 128 percent rise in fourth-quarter net profits to LE203.5…
Egypt’s benchmark index rises by 3.6 pct in trading last week
February 5, 2016
Egypt’s benchmark index rises by 3.6 pct in trading last week
CAIRO, Feb 5 (Aswat Masriya) – Egypt’s stock market main index EGX 30 hiked by 3.6 per cent over the…
Egypt stocks up as foreigners return
February 4, 2016
Egypt stocks up as foreigners return
Cairo's main index jumped 2.3 percent to 6,202 points as foreign buyers returned.
Yields on Egypt’s 6-month and 1-yr T-bills rise at auction on Thursday
February 4, 2016
Yields on Egypt’s 6-month and 1-yr T-bills rise at auction on Thursday
Yields on Egypt's six-month and one-year treasury bills rose at an auction on Thursday, data from the central bank showed. The…