Economy
Oil edges up on strong demand, but Asian slowdown prevents further rise
October 1, 2015
Oil edges up on strong demand, but Asian slowdown prevents further rise
Crude oil prices edged up on Thursday as demand was estimated to have risen in the first half of the…
Euro zone inflation turns negative, putting ECB in corner
October 1, 2015
Euro zone inflation turns negative, putting ECB in corner
Euro zone inflation turned negative again in September as oil prices tumbled, raising pressure on the European Central Bank to…
Egypt to search for oil in Iraq in first foreign venture
September 30, 2015
Egypt to search for oil in Iraq in first foreign venture
Egypt will search for oil outside its own borders for the first time after signing an agreement with Kuwait Energy…
Egypt’s market gains LE680 mn on Wednesday, indexes mixed
September 30, 2015
Egypt’s market gains LE680 mn on Wednesday, indexes mixed
Egypt's stock market ended its Wednesday session with a mixed performance, as the benchmark EGX30 index inched up 0.02 percent,…
Funding of real estate projects increased by 82% in 2015: EFSA head
September 30, 2015
Funding of real estate projects increased by 82% in 2015: EFSA head
The funding provided for real estate projects since the beginning of January 2015 until the end of August increased by…
Mideast funds heavily favor UAE equities in region: survey
September 30, 2015
Mideast funds heavily favor UAE equities in region: survey
Middle East fund managers favor United Arab Emirates stock markets over other bourses by a large margin as the region…
Egyptian pound steady at dollar sale, stronger on parallel market
September 29, 2015
Egyptian pound steady at dollar sale, stronger on parallel market
The Egyptian pound was held steady by the central bank which sold $37.8 million at a cut-off price of LE7.7301…
Egypt’s market loses LE1.4 bn on Tuesday, EGX30 declines 1.1%
September 29, 2015
Egypt’s market loses LE1.4 bn on Tuesday, EGX30 declines 1.1%
Egypt's market closed in the red zone during Tuesday's session, as the benchmark EGX30 index declined 1.05 percent to 7,331.53…
Egypt’s fight against currency black market a double-edged weapon
September 29, 2015
Egypt’s fight against currency black market a double-edged weapon
Egypt’s efforts to combat illegal currency exchanges, besides succeeding largely in curtailing the shadowy dollar trade, has negatively impacted businesses…
Commodities in crisis as Asian shares tumble and shipper files for bankruptcy
September 29, 2015
Commodities in crisis as Asian shares tumble and shipper files for bankruptcy
A Japanese shipper filed for bankruptcy on Tuesday and global trading firm Louis Dreyfus posted lower profits, the latest victims…