Business
LE1.5 billion earmarked for parliament, municipal polls: FM
October 14, 2015
LE1.5 billion earmarked for parliament, municipal polls: FM
The Finance Ministry has allocated LE1.5 billion to cover expenditures on the House of Representatives elections, as well as polls…
Egyptian PM meets FECC members on economic challenges
October 14, 2015
Egyptian PM meets FECC members on economic challenges
Prime Minister Sherif Ismail held a meeting Tuesday with the chairman and representatives of the Federation of Egyptian Chambers Of…
Egypt’s market loses LE40 mn on Tuesday, indexes mixed
October 13, 2015
Egypt’s market loses LE40 mn on Tuesday, indexes mixed
Egypt's stock market indexes were mixed during Tuesday's session, as the benchmark EGX30 index inched up 0.26 percent, while the…
A government under economic siege
October 13, 2015
A government under economic siege
Central Bank data has revealed a 4.3 percent increase in net foreign debt in the recently completed fiscal year, recording…
Egyptian pound steady at dollar sale, weaker on parallel market
October 13, 2015
Egyptian pound steady at dollar sale, weaker on parallel market
The Egyptian central bank held the pound steady at a dollar sale on Tuesday, selling $37.8 million at a cut-off…
Egyptian exports fall by 29% in September 2015
October 12, 2015
Egyptian exports fall by 29% in September 2015
Egyptian non-petroleum exports fell in September 2015 by 29 percent to US$1.7 billion, from $1.2 billion in the same month…
OPEC sees pressures on oil price easing
October 12, 2015
OPEC sees pressures on oil price easing
Market pressures that slashed the price of oil to below $50 per barrel appear to be easing, the OPEC oil…
PM to launch 3rd intel PPP projects conference next Monday
October 12, 2015
PM to launch 3rd intel PPP projects conference next Monday
Prime Minister Sherif Ismail will launch, on Monday, October 19, the third international conference hosted by the Finance Ministry’s private-public…
Egypt’s market gains LE3.8 bn on Monday, EGX30 rises 1.4%
October 12, 2015
Egypt’s market gains LE3.8 bn on Monday, EGX30 rises 1.4%
Egypt's stock market extended its gains on Monday, as the benchmark EGX30 index rose 1.36 percent to 7,650.65 points, with…
Egyptian borrowers face challenges raising syndicated loans
October 12, 2015
Egyptian borrowers face challenges raising syndicated loans
Egypt's return to the international syndicated loan market is being hampered by September's global volatility and the growing liquidity crunch…