Economy

Egypt’s core inflation decreases to 5.61% in August: Central bank

Egypt’s core inflation decreases to 5.61% in August: Central bank

Egypt's core annual inflation rate dropped to 5.61 percent in August, down from 6.49 percent in July, the central bank…
MIDEAST STOCKS: Gulf markets fall, tracking oil, Asian stocks

MIDEAST STOCKS: Gulf markets fall, tracking oil, Asian stocks

Gulf stock markets fell in early trade on Thursday, moving in line with oil prices and global stocks and lacking…
Dubai’s Aramex says in talks with Egypt’s OTMT to build logistics areas

Dubai’s Aramex says in talks with Egypt’s OTMT to build logistics areas

Dubai's courier Aramex said on Thursday it was in discussions with Orascom Telecom Media and Technology to build five logistics…
Czech textile firm Pegas signs deal for new Egypt production line

Czech textile firm Pegas signs deal for new Egypt production line

Czech artificial textile maker Pegas Nonwovens has signed a contract for the delivery of a new production line for its…
Suez Canal revenues reach $5.36 bn in 2014-2015

Suez Canal revenues reach $5.36 bn in 2014-2015

Egypt's revenue from the Suez Canal inched down by 0.14 percent during the fiscal year 2014-2015, reaching US$5.37 billion, compared…
Egypt’s market gains LE5.3 bn on Wednesday, EGX30 rises 1.8 %

Egypt’s market gains LE5.3 bn on Wednesday, EGX30 rises 1.8 %

Egypt's stock market rebounded on Wednesday session, supported by a global equities rally, according to Reuters.The benchmark EGX30 index rose…
German official: New Egypt’s gas field important for economy industry

German official: New Egypt’s gas field important for economy industry

German Legislator Peter Ramsauer Tuesday asserted the importance of the new discovery of Zohr natural gas in reviving Egypt's economy…
China’s August import slump raises fears of sharper slowdown

China’s August import slump raises fears of sharper slowdown

China's imports shrank far more than expected in August, falling for the 10th straight month and adding to global investors'…
Egyptian pound steady at dollar sale, exchange bureaux

Egyptian pound steady at dollar sale, exchange bureaux

Egypt's central bank kept the pound steady at a dollar sale on Tuesday, selling $37.8 million at a cut-off price…
Economic ministerial group considers devaluation of Egyptian pound: Minister

Economic ministerial group considers devaluation of Egyptian pound: Minister

Investment Minister Ashraf Salman announced that the ministerial economic group is seriously considering the devaluation of the Egyptian pound in…
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