Business
Moody’s changes Egypt’s outlook to stable from negative, on political stability, improved growth
October 20, 2014
Moody’s changes Egypt’s outlook to stable from negative, on political stability, improved growth
Moody's Investors Service has changed Egypt's outlook to stable from negative and affirmed its Caa1 government bond rating. "The outlook change…
Egypt’s shares lose LE2.1 billion, EGX30 falls by 0.81 percent
October 19, 2014
Egypt’s shares lose LE2.1 billion, EGX30 falls by 0.81 percent
The Egyptian stock exchange main index EGX30 began on a strong positive note yet failed to sustain its positive performance…
Supply minister unveils several projects underway
October 19, 2014
Supply minister unveils several projects underway
Supply and Domestic Trade Minister Khaled Hanafy said that President Abdel Fattah al-Sisi approved a proposal that he submitted to…
Israel’s Tamar group looks to sell gas to Egypt via EMG pipeline
October 19, 2014
Israel’s Tamar group looks to sell gas to Egypt via EMG pipeline
The partners in Israel's offshore Tamar gas field said on Sunday they are negotiating the sale of at least 5…
Egypt’s natural gas exports drop 86.4% in August
October 19, 2014
Egypt’s natural gas exports drop 86.4% in August
Egypt's exports of natural gas has declined by 86.41 percent during the month of August to US$26 million from $192…
EGX demands listed companies to disclose their financial and operational position
October 19, 2014
EGX demands listed companies to disclose their financial and operational position
The Egyptian Exchange management has requested from the listed companies to reveal the latest financial and operational position and if…
Egypt’s broadband market worth LE310 bn by 2030
October 19, 2014
Egypt’s broadband market worth LE310 bn by 2030
The Egyptian government estimates that the productivity gain to 2030 driven by an unconstrained mobile broadband market is worth around…
Steel protectionism stokes price hikes fears
October 18, 2014
Steel protectionism stokes price hikes fears
Steel traders have warned that imposing protectionism fees on their imports indicate a possible return to market hegemony for influential…
Oil rises above $87 as investors say market oversold
October 17, 2014
Oil rises above $87 as investors say market oversold
Brent crude rose more than a dollar to above $87 a barrel on Friday, bouncing from near four-year lows as…
Egypt central bank keeps rates on hold, monitoring risks from global growth jitters
October 17, 2014
Egypt central bank keeps rates on hold, monitoring risks from global growth jitters
Egypt's central bank kept its main interest rates unchanged at a policy meeting on Thursday but said it was keeping…