Business
Egypt’s market loses LE7.4 billion on Monday, EGX30 falls 1.2 %
April 6, 2015
Egypt’s market loses LE7.4 billion on Monday, EGX30 falls 1.2 %
Egypt's market incurred heavy losses on Monday for the third session in a raw, with benchmark index EGX30 dropping 1.16…
Egyptian pound steady on official, black markets
April 6, 2015
Egyptian pound steady on official, black markets
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Monday, and…
Oil up more than US$1 after Saudi’s Asia price hike
April 6, 2015
Oil up more than US$1 after Saudi’s Asia price hike
Oil futures climbed more than US$1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia…
Egypt’s market loses LE6.45 billion on Sunday, EGX30 drops 3.2 %
April 5, 2015
Egypt’s market loses LE6.45 billion on Sunday, EGX30 drops 3.2 %
Egypt's market incurred heavy losses on Sunday for the second session in a raw, with benchmark index EGX30 dropping 3.19…
Egypt’s central bank says sells $281 mln in interbank market
April 5, 2015
Egypt’s central bank says sells $281 mln in interbank market
Egypt's central bank said on Sunday it sold $281 million in the interbank market to meet outstanding demand for staple…
Egypt’s CIB board asks management to consider making offer for Citigroup retail ops
April 5, 2015
Egypt’s CIB board asks management to consider making offer for Citigroup retail ops
The board of Egypt's Commercial International Bank (CIB) said on Sunday it has asked its management to decide whether to…
Egypt’s stock market to close on April 12-13 for Easter, Sham El-Nessim
April 5, 2015
Egypt’s stock market to close on April 12-13 for Easter, Sham El-Nessim
Cairo's equity market will extend its coming weekend as the exchange shuts on April 12 and 13, marking the Eastern…
137 Egyptian companies invest US$2 billion in Ethiopia
April 5, 2015
137 Egyptian companies invest US$2 billion in Ethiopia
Egypt hopes to increase the vomune of trade with Ethiopia by 150 percent over the coming three years, as well…
Banking official: Exports of foreign cash reach US$3 billion monthly
April 5, 2015
Banking official: Exports of foreign cash reach US$3 billion monthly
Chairman of the Commercial International Bank Hesham Ezz al-Arab said the export of foreign currency bills have reached US$three billion…
EGX gains EGP 9.4 billion, shows mixed performance last week
April 4, 2015
EGX gains EGP 9.4 billion, shows mixed performance last week
The Egyptian Exchange closed last week with gains amounting to EGP 9.4 billion and its indexes showed mixed performance.The capital…