Business
Egypt’s market gains LE4.5 bn on Thursday, EGX30 rises 2%
December 3, 2015
Egypt’s market gains LE4.5 bn on Thursday, EGX30 rises 2%
Egypt's stock market finished higher for a third session in a row, as the benchmark EGX30 index on Thursday rose…
Egyptian pound steady at forex sale after auction mechanism changes
December 3, 2015
Egyptian pound steady at forex sale after auction mechanism changes
The Egyptian pound held steady at an official foreign currency auction on Thursday and was stable on the black market,…
Conflicting reports on EMG’s link to Dolphinus-Israel gas deal
December 3, 2015
Conflicting reports on EMG’s link to Dolphinus-Israel gas deal
Conflicting reports are emerging over the involvement of Eastern Mediterranean Gas (EMG) in the recent natural gas import deal between…
Crude rises on report of Saudi’s proposed move to cut output
December 3, 2015
Crude rises on report of Saudi’s proposed move to cut output
Crude futures rose one percent on Thursday after a report suggested that Saudi Arabia would propose a deal to balance…
Egypt’s EFG-Hermes Leasing seeks Islamic credit line from Gulf lender
December 3, 2015
Egypt’s EFG-Hermes Leasing seeks Islamic credit line from Gulf lender
EFG-Hermes Leasing, a wholly owned subsidiary of investment bank EFG-Hermes, is working on securing a sharia-compliant credit line from a…
Egypt’s market gains LE8.9 bn on Wednesday, EGX30 jumps 3.5%
December 2, 2015
Egypt’s market gains LE8.9 bn on Wednesday, EGX30 jumps 3.5%
Egypt's stock market extended its gains on Wednesday's session, as the benchmark EGX30 index jumped 3.5 percent to 6,649.7 points…
Yahoo board to weigh future of company, Marissa Mayer: source
December 2, 2015
Yahoo board to weigh future of company, Marissa Mayer: source
The board of Yahoo Inc. (YHOO.O) is weighing a sale of its core Internet business when it meets this week,…
Egypt’s El Sewedy Electric Q3 net profit rises to $38.18 mn
December 2, 2015
Egypt’s El Sewedy Electric Q3 net profit rises to $38.18 mn
Egypt's El Sewedy Electric reported a jump in third-quarter net profit to LE298.95 million (US$38.18 million) from LE103.73 million a…
Brazil economy shrinks 1.7% in Q3 as recession deepens
December 2, 2015
Brazil economy shrinks 1.7% in Q3 as recession deepens
Brazil's economy shrank 1.7 percent in the third quarter, according to official data released Tuesday. The new figures announced by the…
Some banks denied dollars at Egypt central bank forex auction -bankers
December 1, 2015
Some banks denied dollars at Egypt central bank forex auction -bankers
Egypt's central bank said it held the pound steady at LE7.7301 to the dollar on Tuesday after a regular foreign…