Economy

Egypt’s market gains LE1.1 bn on Monday, EGX30 rises 0.9%

Egypt’s market gains LE1.1 bn on Monday, EGX30 rises 0.9%

Egypt's stock market closed in the green zone after a long Eid al-Adha holiday, as the benchmark EGX30 index on…
INTERVIEW: Egypt tourism industry expects moderate growth in 2015

INTERVIEW: Egypt tourism industry expects moderate growth in 2015

Egypt's tourism industry, hit by years of political upheaval and militant violence, is expected to post moderate growth this year…
Kellogg Acquires Egyptian cereal maker Mass Food Group

Kellogg Acquires Egyptian cereal maker Mass Food Group

The Kellogg Company announced it has acquired Egypt's leading cereal company, Mass Food Group for approximately US$50 million on Monday. "As…
Egypt textile imports from India at US$360 mn

Egypt textile imports from India at US$360 mn

Egypt imported textile products from India worth US$360 million during the 2014-2015 fiscal year, a statement by the Indian embassy…
FM considers smart cards for farmer subsidization

FM considers smart cards for farmer subsidization

The Finance Ministry is considering smart cards for farmers to provide them with some financial support, the ministry said in…
Dollar rises on rate hike talk, stocks hurt by China fears

Dollar rises on rate hike talk, stocks hurt by China fears

An uptick in US economic growth increased expectations the Federal Reserve will hike US interest rates by the end of…
MIDEAST STOCKS: UAE markets to consolidate; global backdrop sluggish

MIDEAST STOCKS: UAE markets to consolidate; global backdrop sluggish

United Arab Emirates stock markets look set to consolidate in quiet trade on Sunday as they reopen after a break…
Global LNG-Prices extend losses as new supplies emerge

Global LNG-Prices extend losses as new supplies emerge

Asian liquefied natural gas (LNG) prices for November delivery fell, marking the sixth straight week of losses for the fuel,…
Oil market creeps higher after choppy week

Oil market creeps higher after choppy week

Global oil prices held firm on Friday at the end of a volatile week that has been marked by jitters…
US Q2 economic growth revised up to 3.9%

US Q2 economic growth revised up to 3.9%

The US economy sped along at a peppy 3.9 percent pace in the second quarter, faster than originally thought, the…
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