Business
LE1 bn from the treasury to buy first batch of Egyptian wheat
April 23, 2015
LE1 bn from the treasury to buy first batch of Egyptian wheat
Finance Minister Hani Qadri Demian has allocated LE10 billion for the government to buy domestically-grown wheat, with LE1 billion to…
Egyptian pound steady at forex auction, eases on black market
April 22, 2015
Egyptian pound steady at forex auction, eases on black market
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Wednesday while…
Oil extends losses as Saudis halt Yemen strikes
April 22, 2015
Oil extends losses as Saudis halt Yemen strikes
Global oil prices fell on Wednesday after a Saudi-led coalition declared an end to four weeks of air strikes in…
Egypt says buys 120,000 tons local wheat in first week of season
April 22, 2015
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
April 22, 2015
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%
April 22, 2015
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
April 22, 2015
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
April 22, 2015
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
April 22, 2015
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
April 22, 2015
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…