Business
Egypt’s market loses LE6.4 billion on Wednesday, EGX30 falls 2.6%
July 8, 2015
Egypt’s market loses LE6.4 billion on Wednesday, EGX30 falls 2.6%
Egypt's market incurred heavy losses on Wednesday for the fourth session in a raw, as the benchmark EGX30 index dropped…
Egyptian pound steady at auction, weaker on parallel market
July 7, 2015
Egyptian pound steady at auction, weaker on parallel market
Egypt's central bank held the Egyptian pound steady at LE7.73 to the dollar at a foreign exchange auction on Tuesday…
Egypt’s market loses LE4.9 billion on Tuesday, EGX30 drops 1.5%
July 7, 2015
Egypt’s market loses LE4.9 billion on Tuesday, EGX30 drops 1.5%
Egypt's market incurred heavy losses on Tuesday for the third session in a raw, as the benchmark EGX30 index fell…
Industry federation backs CBE decision on dollar surge
July 7, 2015
Industry federation backs CBE decision on dollar surge
Egypt’s industry federation has voiced support for the central bank’s decision to raise US dollar exchange rates against the Egyptian…
Agriculture Ministry suspends cotton import
July 7, 2015
Agriculture Ministry suspends cotton import
The Agriculture Ministry represented in the Central Administration for Agricultural Quarantine temporarily stopped the import of cotton from abroad starting on…
UPDATE: Egypt signs energy import deals with Russia’s Rosneft
July 7, 2015
UPDATE: Egypt signs energy import deals with Russia’s Rosneft
Egypt and Russia's top oil producer Rosneft have signed two initial deals for the supply of petroleum products and liquefied…
US$1bn Eurobonds to finance Egypt’s AIIB share
July 7, 2015
US$1bn Eurobonds to finance Egypt’s AIIB share
According to anonymous government sources, the Egyptian government is currently preparing to offer new Eurobonds, worth US$1 billion, to finance…
Agriculture ministry: Egypt has stopped all cotton imports:
July 7, 2015
Agriculture ministry: Egypt has stopped all cotton imports:
Egypt's agriculture ministry said on Tuesday it would stop cotton imports of all origins to protect local production.It will exempt…
MIDEAST STOCKS: Oil plunge may depress Gulf; Emaar Misr key for Egypt
July 7, 2015
MIDEAST STOCKS: Oil plunge may depress Gulf; Emaar Misr key for Egypt
Another plunge in oil prices overnight may depress Gulf stock markets on Tuesday, while trading in property firm Emaar Misr…
Egypt’s credit jumps by 18.4% during July/April 2014/15
July 6, 2015
Egypt’s credit jumps by 18.4% during July/April 2014/15
Banks' credit balances in Egypt jumped by 18.4 percent or LE108 billion (US$14 billion) during July/April 2014/2015, according to the…