Business
Egyptian pound steady at official auction, stronger on black market
December 4, 2014
Egyptian pound steady at official auction, stronger on black market
Egypt's pound held steady at a central bank dollar sale on Thursday but strengthened on the unofficial market.The bank offered…
HSBC: Growth in Egyptian business activity almost stalls in Nov
December 4, 2014
HSBC: Growth in Egyptian business activity almost stalls in Nov
Business activity in Egypt expanded in November for a fourth month but growth slowed almost to a standstill, a survey…
Egyptian pound steady at official auction, weakens on black market
December 3, 2014
Egyptian pound steady at official auction, weakens on black market
Egypt's pound held steady at a central bank dollar sale on Wednesday but weakened on the unofficial market.The bank offered…
Egypt’s stock market gains LE3.8 billion on Wednesday, EGX30 up 1.28%
December 3, 2014
Egypt’s stock market gains LE3.8 billion on Wednesday, EGX30 up 1.28%
The Egyptian stock exchange on Wednesday closed on a positive note backed by foreign and local institutions' buying appetite that…
Cultivated wheat rate reaches 2.5 million feddans: Minister
December 3, 2014
Cultivated wheat rate reaches 2.5 million feddans: Minister
Egypt is now cultivating 2,463,688 acres of wheat nationwide, says Agriculture and Land Reclamation Minister Adel al-Beltagy. The governorate of Sharqiya…
Saudi stocks rebouned, while Egypt market down
December 2, 2014
Saudi stocks rebouned, while Egypt market down
Petrochemicals stocks led gains on Saudi Arabia's bourse as an overnight rebound in oil prices spurred the kingdom's investors to…
Abdel Nour in Ethiopia for Africa trade zone talks
December 2, 2014
Abdel Nour in Ethiopia for Africa trade zone talks
Egypt’s trade minister is flying to the Ethiopian capital on Tuesday for a meeting by the African Union’s trade ministers…
Egypt-Belarus plan joint tractors plant
December 2, 2014
Egypt-Belarus plan joint tractors plant
Egypt’s Arab Organization for Industrialization and a Belarusian company are close to the establishment of a joint tractors’ factory, according…
Study: Islamic banks grow but may miss out on global footprint
December 2, 2014
Study: Islamic banks grow but may miss out on global footprint
Islamic banking is growing faster than its conventional counterpart but is focused in a few core markets and risks missing…
Gulf markets stabilize after panic sell-off, while Egypt down
December 1, 2014
Gulf markets stabilize after panic sell-off, while Egypt down
Gulf stock markets steadied and some rebounded on Monday after tumbling a day earlier in response to a plunge in…