Business

Egypt central bank says clears $547.2 mn backlog owed to foreign investors

Egypt central bank says clears $547.2 mn backlog owed to foreign investors

Egypt's central bank said on Tuesday it had repaid foreign investors in stocks and securities a total of $546 million,…
Egypt’s market gains LE2.2 bn on Tuesday, EGX30 rises 1.1 %

Egypt’s market gains LE2.2 bn on Tuesday, EGX30 rises 1.1 %

Egypt's stock market closed in the green zone on Tuesday's session , as the benchmark EGX30 index rose 1.07 percent…
Egypt’s credit risk jumps 36% since Sisi elected: Bloomberg

Egypt’s credit risk jumps 36% since Sisi elected: Bloomberg

Egypt's credit risk has grown by 36 percent since President Abdel Fattah al-Sisi was elected in June 2014, according to…
Tourist inflow down 9.3% in October: govt

Tourist inflow down 9.3% in October: govt

The inflow of tourists to Egypt declined by 9.3 percent to 909,400 tourists in October, down from one million visitors…
CNN: 4 reasons Russia and Turkey can’t afford a trade war

CNN: 4 reasons Russia and Turkey can’t afford a trade war

A war of words has erupted after Turkey shot down a Russian warplane on Tuesday. Russian President Vladimir Putin called the…
Auction yields on Egypt’s 1.5-yr and 3-yr rise, 7-yr T-bonds drop

Auction yields on Egypt’s 1.5-yr and 3-yr rise, 7-yr T-bonds drop

Yields on one-and-a-half-year and three-year treasury bonds rose while seven-year bonds dropped at an auction on Monday, data from the…
Egypt’s market loses LE3.9 bn on Monday, EGX30 drops 1.9%

Egypt’s market loses LE3.9 bn on Monday, EGX30 drops 1.9%

Egypt's market suffered losses during Monday's session, with the benchmark index EGX30 dropping by 1.87 percent, reaching 6,357 points and…
Oil set for 10 percent fall in November as supply glut persists

Oil set for 10 percent fall in November as supply glut persists

Oil prices on Monday were on course to end November some 10 percent lower as a global supply glut showed…
IFC to invest in Egypt-based Sphinx Glass

IFC to invest in Egypt-based Sphinx Glass

The International Finance Corporation (IFC), a member of the World Bank Group, announced on Sunday that it is investing in…
Mideast funds a bit more positive on stocks, bearish on bonds: survey

Mideast funds a bit more positive on stocks, bearish on bonds: survey

Middle East fund managers have become slightly more positive on regional equities after valuations fell, and more bearish on bonds…
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