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MIDEAST STOCKS: Global uncertainty may dampen Gulf, bombing may weaken Egypt

MIDEAST STOCKS: Global uncertainty may dampen Gulf, bombing may weaken Egypt

Uncertainty in global financial markets may keep Gulf stock markets on the back foot on Tuesday, while the death of…
Egypt restricts GDR deals to pounds for local investors

Egypt restricts GDR deals to pounds for local investors

Egyptian Stock Exchange on Monday ordered that Egyptian investors who buy global depository receipts (GDRs) by purchasing shares on the Cairo…
Egypt seeks Huajian contribution to leathers hub

Egypt seeks Huajian contribution to leathers hub

Egypt is negotiating with Chinese leather manufacturing giant Huajian Group to establish the latter’s contribution in a leather industry hub…
Egypt’s market loses LE4.4 billion on Monday, EGX30 drops 1.7%

Egypt’s market loses LE4.4 billion on Monday, EGX30 drops 1.7%

Egypt's market lost ground on Monday’s session, as the benchmark EGX30 index fell 1.65 percent, recording 8,371.53 points and a…
Egypt’s passenger cars sales fall 22% y-o-y in May

Egypt’s passenger cars sales fall 22% y-o-y in May

Egypt’s passenger car sales fell 22 percent year-over-year in May to 13,000 cars, according to a report by the Automotive…
Egypt-Sudan trade surplus down US$179 mn in 2014

Egypt-Sudan trade surplus down US$179 mn in 2014

The surplus of inter-trade between Egypt and Sudan declined to US$280.1 million in 2014, down from US$459.1 million in 2013,…
Egypt signs up for Asian infrastructure investment bank

Egypt signs up for Asian infrastructure investment bank

Egypt signed on Monday the founding agreement for the nascent Asian Infrastructure Investment Bank in Beijing. Egypt’s ambassador to China, Magdy…
Egyptian pound steady at official auction, weaker on black market

Egyptian pound steady at official auction, weaker on black market

 Egypt's central bank kept the Egyptian pound steady at 7.53 to the dollar at a foreign exchange auction on Sunday,…
Egypt’s market gains LE3.5 billion on Sunday, EGX30 rises 1.3%

Egypt’s market gains LE3.5 billion on Sunday, EGX30 rises 1.3%

Egypt's market achieved gains during Sunday’s session, as the benchmark EGX30 index rose 1.26 percent , recording 8,511.98 points and…
Minister: No increase in subsidy allocated for exports

Minister: No increase in subsidy allocated for exports

Trade and Industry Minister Mounir Fakhry Abdel Nour said allocations for subsidized exports will not increase in the 2015-2016 budget,…
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