Business
Egypt’s central bank dollar sales total $7.6 bn in recent weeks, official says
December 22, 2015
Egypt’s central bank dollar sales total $7.6 bn in recent weeks, official says
Egypt's central bank has sold $7.6 billion in recent weeks to make it easier for importers pay for goods, an…
Telecom Egypt projects 2016 revenue growth of 7-9%
December 22, 2015
Telecom Egypt projects 2016 revenue growth of 7-9%
Telecom Egypt, the country's state-owned landline monopoly, expects revenue growth between 7 and 9 percent in 2016, it said on…
FEI’s committee rejects amendments to Investment Incentives Law
December 22, 2015
FEI’s committee rejects amendments to Investment Incentives Law
The investment and investors committee of the Federation of Egyptian Industries (FEI) said that it rejects amendments to some provisions…
Oil prices hit 11-year low as global supply balloons
December 21, 2015
Oil prices hit 11-year low as global supply balloons
Brent oil cratered to its lowest price in more than 11 years on Monday and remained locked within a narrow…
Egypt economy likely to slow as inflation bites: Analysts
December 21, 2015
Egypt economy likely to slow as inflation bites: Analysts
The Egyptian economy is tabled for slower growth as high inflation dogs consumers, analysts said."Inflation is above peers and is…
Egypt’s market gains LE370 mn on Monday, EGX30 rises 0.8%
December 21, 2015
Egypt’s market gains LE370 mn on Monday, EGX30 rises 0.8%
The Egyptian benchmark EGX30 index closed in the green zone for a sixth session in a row at 6,762 points…
Egypt’s 5-year, 10-year treasury bonds steady at auction
December 21, 2015
Egypt’s 5-year, 10-year treasury bonds steady at auction
Yields on five-year and 10-year treasury bonds were steady at an auction on Monday, data from the central bank showed. The…
Egypt’s trade balance deficit declines 22.1% in Sept. 2015: CAPMAS
December 21, 2015
Egypt’s trade balance deficit declines 22.1% in Sept. 2015: CAPMAS
Egypt's trade balance deficit reached LE29.49 billion (US$3.8 billion) in September, representing a 22.1 percent decrease compared to LE37.86 billion…
Egypt, Arab investment funds approve loans to support Sinai development
December 21, 2015
Egypt, Arab investment funds approve loans to support Sinai development
One-billion-dollar loans have been reached with some Arab investment funds to finance development projects in Sinai, Egyptian International Cooperation Minister Sahar…
Banking consortium inks deal to establish 3 power plants in Egypt
December 21, 2015
Banking consortium inks deal to establish 3 power plants in Egypt
A banking consortium inked on Sunday a LE10 billion agreement with the electricity sector to establish three power plants in…