Business
Egyptian-Chinese cooperation in petroleum research
September 19, 2015
Egyptian-Chinese cooperation in petroleum research
Egypt and China have signed a memorandum of understanding to promote joint cooperation in the field of petroleum research, petrochemical…
Developed, emerging markets diverge as Fed keeps rates steady
September 18, 2015
Developed, emerging markets diverge as Fed keeps rates steady
European stocks fell on Friday and bonds rose, pushing yields sharply lower, after the US Federal Reserve cited weakening global…
Egypt succeeds in significantly decreasing budget deficit
September 18, 2015
Egypt succeeds in significantly decreasing budget deficit
Egypt has succeeded in significantly lowering the budget deficit due to the adopted economic reform polices, especially in the taxes…
Egypt’s market gains $6.4 bn in a week, EGX 30 index rises 3.2%
September 18, 2015
Egypt’s market gains $6.4 bn in a week, EGX 30 index rises 3.2%
Egypt's market has gained EGP 6.4 billion this week, as the market capital rose by 1.4 percent to reach 447.4…
Demand grows for oil trade finance in Middle East, banks say
September 17, 2015
Demand grows for oil trade finance in Middle East, banks say
Banks are seeing a pick up in interest for trade finance from Middle East oil companies, especially in Egypt, they…
Egypt’s market gains LE350 mn on Thursday, indexes mixed
September 17, 2015
Egypt’s market gains LE350 mn on Thursday, indexes mixed
Egypt's stock market ended its Thursday session with a mixed performance, as the benchmark EGX30 index inched up 0.02 percent,…
Egyptian pound stable at dollar sale, stronger in exchange bureaux
September 17, 2015
Egyptian pound stable at dollar sale, stronger in exchange bureaux
The Egyptian pound was held steady by the central bank at a dollar sale on Thursday, as it sold $37.8…
UAE’s NBAD and National Bank of Egypt to advise on Egypt Midor’s $1.4 bln expansion
September 17, 2015
UAE’s NBAD and National Bank of Egypt to advise on Egypt Midor’s $1.4 bln expansion
National Bank of Abu Dhabi (NBAD), the United Arab Emirates' largest lender by assets, and National Bank of Egypt will…
Worries over global growth weigh as Fed mulls rate hike
September 17, 2015
Worries over global growth weigh as Fed mulls rate hike
China's economic downturn and weak inflation pose a challenge to the US Federal Reserve as it weighs raising interest rates…
Egypt’s exports drop 20% in August
September 17, 2015
Egypt’s exports drop 20% in August
Egyptian exports, other than petrochemical products, dropped by 19.87 percent to reach LE11,005 billion (US$1,433 billion) in August 2015, compared to LE12,687…