Economy
Egypt’s market gains LE1.1 bn on Monday, EGX30 rises 0.9%
September 28, 2015
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
September 28, 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
September 28, 2015
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
September 28, 2015
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
September 28, 2015
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
September 28, 2015
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
September 27, 2015
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
September 26, 2015
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
September 25, 2015
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%
September 25, 2015
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…