Business

Egypt says buys 120,000 tons local wheat in first week of season

Egypt says buys 120,000 tons local wheat in first week of season

Egypt has purchased 120,000 tons of its own wheat since it started its local procurement season last week, the supplies…
Turkish exports to Arab countries may decline after Ro-Ro agreement cancellation

Turkish exports to Arab countries may decline after Ro-Ro agreement cancellation

The Turkish Cihan news agency said on Wednesday that Turkish exports to Arab countries may decline significantly after Egypt cancels…
Egypt’s market gains LE2.9 billion on Wednesday, EGX30 rises 0.63%

Egypt’s market gains LE2.9 billion on Wednesday, EGX30 rises 0.63%

Egypt's market recovered during Wednesday's session, with the benchmark index EGX30 increasing by 0.63 percent to record 8,629.49 points, but…
Importers complain of funding crisis due to limits imposed on US dollar by CBE

Importers complain of funding crisis due to limits imposed on US dollar by CBE

Importers are facing, among other difficulties, a lack of foreign currency and trouble opening letters of credit, said Chief of…
Business women association tackles opening market for Egyptian food products in US

Business women association tackles opening market for Egyptian food products in US

A delegation from the Businesswomen Egypt 21 (BWE21) Association has a carried out a visit to the US, during which it…
Saudi Arabia’s stock market rises after ending Yemen air strikes

Saudi Arabia’s stock market rises after ending Yemen air strikes

Saudi Arabia's stock market rose in early trade on Wednesday after the Riyadh government said it had ended a campaign…
Dubai’s Arabtec says in talks with banks to fund Egypt project

Dubai’s Arabtec says in talks with banks to fund Egypt project

Dubai builder Arabtec said on Wednesday it was in talks with several local and international banks on financing the first…
Egypt’s market loses LE1.31 billion on Tuesday, EGX30 down 0.24%

Egypt’s market loses LE1.31 billion on Tuesday, EGX30 down 0.24%

Egypt's market traded sideways in on Tuesday for the third  session in a row, with the benchmark index EGX30 decreasing…
Egypt expresses reservations on establishing Arab-Turkish business council

Egypt expresses reservations on establishing Arab-Turkish business council

Egypt has expressed reservations on the establishment of a joint Arab-Turkish business council, mentioned in the draft closing statement of…
Prime Minister: State committed to stabilizing sugar prices in local market

Prime Minister: State committed to stabilizing sugar prices in local market

The Egyptian government is committed to the stability of sugar prices within the local market, in an effort to protect…
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