Business
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…
Egypt’s market gains LE1.5 bn on Wednesday, EGX30 inches up 0.13%
October 21, 2015
Egypt’s market gains LE1.5 bn on Wednesday, EGX30 inches up 0.13%
Egypt's stock market closed in the green zone for the third session in a row, as the benchmark EGX30 index…
Central Bank accepts foreign currency deposits of export revenues from Libya, Syria, Sudan, Palestine, Iraq and Yemen
October 21, 2015
Central Bank accepts foreign currency deposits of export revenues from Libya, Syria, Sudan, Palestine, Iraq and Yemen
The Central Bank has issued instructions to all banks to accept cash deposits in foreign currency from export revenues from…
Energy demand will rise 50 pct by 2030, UN official says
October 21, 2015
Energy demand will rise 50 pct by 2030, UN official says
More fertile lands will be needed as the global demand for food, water and energy will increase with population growth,…
Egypt’s budget deficit widens to LE68.3 bn in July-Aug: ministry
October 21, 2015
Egypt’s budget deficit widens to LE68.3 bn in July-Aug: ministry
Egypt’s overall budget deficit widened to 2.4 percent of the gross domestic product (GDP) reaching LE 68.3 billion for July-August…