Business
Egypt says awards tender to buy 55 LNG cargoes
October 12, 2015
Egypt says awards tender to buy 55 LNG cargoes
Egypt's state gas board EGAS said on Monday it is to buy 55 cargoes of liquefied natural gas (LNG), 10…
Asian shares extend October rally; dollar slips
October 12, 2015
Asian shares extend October rally; dollar slips
Asian shares rose on Monday, extending an October rally, as investors hunted for bargains in industrials and basic materials, fuelled…
Egypt’s market gains LE1.6 bn on Sunday, EGX30 rises 0.8%
October 11, 2015
Egypt’s market gains LE1.6 bn on Sunday, EGX30 rises 0.8%
Egypt's stock market closed in the green zone on Sunday, as the benchmark EGX30 index rose 0.75 percent to 7,547.66…
Egyptian pound steady at dollar sale, on parallel market
October 11, 2015
Egyptian pound steady at dollar sale, on parallel market
Egypt's central bank kept the pound steady at a dollar sale on Sunday, as it sold $37.5 million at a…
Govt seeks 1,5% budget deficit reduction relying on subsidy cuts: PM
October 11, 2015
Govt seeks 1,5% budget deficit reduction relying on subsidy cuts: PM
Prime Minister Sherif Ismail announced on Saturday that the government has been tasked with reducing the budget deficit by 1.5…
Egypt invites firms to settle 45-cargo LNG tender this weekend
October 10, 2015
Egypt invites firms to settle 45-cargo LNG tender this weekend
Egypt is due to settle a closely watched tender for the purchase of 45 liquefied natural gas (LNG) cargoes this…
Osborne sees global risks rising, but sanguine on China
October 10, 2015
Osborne sees global risks rising, but sanguine on China
Global economic risks are rising and Britain will not be immune, chancellor George Osborne said on Friday, but he said…
Egypt’s market gains $5.3 bn in a week, EGX 30 index rises 2.5%
October 9, 2015
Egypt’s market gains $5.3 bn in a week, EGX 30 index rises 2.5%
Egypt's stock market has witnessed wins of LE5.3 billion (US$680 million) this week, as all indexes jumped, Egyptian Exchange data…
Orascom Telcom and Act Financial seek 100 pct of Beltone Financial
October 8, 2015
Orascom Telcom and Act Financial seek 100 pct of Beltone Financial
Orascom Telecom Media and Technology and Act Financial are seeking to acquire 100 percent of Beltone Financial, Orascom Telecom said…
Egypt’s market gains LE4.2 bn on Wednesday, EGX30 rises 1.6%
October 7, 2015
Egypt’s market gains LE4.2 bn on Wednesday, EGX30 rises 1.6%
Egypt's stock market closed in the green zone on Wednesday, as the benchmark EGX30 index rose 1.59 percent to 7,354.56…