Business
GLOBAL LNG-Prices climb as Egypt award helps spur spot activity
October 24, 2015
GLOBAL LNG-Prices climb as Egypt award helps spur spot activity
Asian liquefied natural gas (LNG) prices for December delivery rose this week as traders and energy companies moved to fill…
Egypt’s market gains $4.4 bn in a week, EGX 30 index inches up 0.22%
October 23, 2015
Egypt’s market gains $4.4 bn in a week, EGX 30 index inches up 0.22%
Egypt's stock market has witnessed wins of LE4.36 billion (US$543 million) this week, as all indexes jumped, Egyptian Exchange data…
Asia joins global stock rally after ECB signals more stimulus
October 23, 2015
Asia joins global stock rally after ECB signals more stimulus
Asia extended a global stock rally on Friday after the European Central Bank signalled its readiness to inject more stimulus,…
Egypt’s market loses LE1.5 bn on Thursday, EGX30 down 0.8%
October 22, 2015
Egypt’s market loses LE1.5 bn on Thursday, EGX30 down 0.8%
Egypt's stock market closed in the red zone on Thursday's session, as the benchmark EGX30 index went down 0.76 percent…
Egyptian pound steady at dollar sale, stronger on parallel market
October 22, 2015
Egyptian pound steady at dollar sale, stronger on parallel market
The Egyptian central bank kept the pound steady at a dollar sale on Thursday, but the currency strengthened on the…
Chambers of Commerce request revision of Central Bank decisions
October 22, 2015
Chambers of Commerce request revision of Central Bank decisions
Ahmed al-Wakil, head of the General Union of Chambers of Commerce, said foreign companies operating in Egypt are unable to…
MIDEAST STOCKS: Gulf may consolidate on oil; c.bank switch could aid Egypt
October 22, 2015
MIDEAST STOCKS: Gulf may consolidate on oil; c.bank switch could aid Egypt
Gulf stock markets may consolidate on Thursday because of worries about the impact of low oil prices on economies, while…
BP to invest in three new exploration blocks in Egypt
October 21, 2015
BP to invest in three new exploration blocks in Egypt
BP Plc said on Wednesday it had been awarded three new offshore exploration blocks in Egypt and that it and…
Low oil prices, turmoil keeps Mideast growth ‘subdued’: IMF
October 21, 2015
Low oil prices, turmoil keeps Mideast growth ‘subdued’: IMF
The International Monetary Fund said Wednesday a fall in oil prices and deepening turmoil in parts of the Middle East…
Egypt’s insurance future positive, thanks to untapped market: Moody’s
October 21, 2015
Egypt’s insurance future positive, thanks to untapped market: Moody’s
Moody’s global credit rating agency has drawn a positive picture of the future of Egypt’s insurance market, saying that low…