Business
Russia outlook negative on weak ruble, inflation: Fitch
October 19, 2015
Russia outlook negative on weak ruble, inflation: Fitch
As the weak ruble and high inflation hurt Russia's economy, Fitch Rating's outlook for the country remained negative, in its…
China economy logs weakest growth since 2009
October 19, 2015
China economy logs weakest growth since 2009
China's economic growth dipped below 7 percent for the first time since the global financial crisis on Monday, hurt partly…
Egypt’s Juhayna posts 64% rise in net profits for Q3
October 18, 2015
Egypt’s Juhayna posts 64% rise in net profits for Q3
Egypt's Juhayna Food Industries , one of the country's largest dairy product and juice makers, posted a 64 percent increase…
Egypt’s market loses LE1.7 bn on Sunday, EGX30 down 0.7%
October 18, 2015
Egypt’s market loses LE1.7 bn on Sunday, EGX30 down 0.7%
Egypt's market closed in the red zone on Sunday, as the benchmark EGX30 index went down 0.74 percent, to 7,538.22…
Egypt seeks finance packages at US$6 bn
October 18, 2015
Egypt seeks finance packages at US$6 bn
Egypt’s government said negotiations have intensified over the past few days to obtain US$6 million in financing packages to offset…
Govt rumored to be planning withdraw from its share in pension funding
October 17, 2015
Govt rumored to be planning withdraw from its share in pension funding
In 2006, the Egyptian Government caused a stir regarding its plans to pay for pensions through official statements touting its…
Stocks at two-month highs, dollar up; oil down for week
October 17, 2015
Stocks at two-month highs, dollar up; oil down for week
Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views…
Egypt to host Arab-Russian economic summit before year’s end
October 15, 2015
Egypt to host Arab-Russian economic summit before year’s end
Egypt will host an Arab-Russian economic summit before the end of the year with the participation of representatives from Arab…
Govt rice mills cry out for help against imminent collapse
October 14, 2015
Govt rice mills cry out for help against imminent collapse
Stakeholders and workers unions at six government-owned rice milling companies have demanded an intervention by the Cabinet to save the…
China third-quarter growth seen dipping to 6.8 percent, weakest since 2009
October 14, 2015
China third-quarter growth seen dipping to 6.8 percent, weakest since 2009
China's economic growth is expected to fall below 7 percent for the first time since the global financial crisis in…