Economy
Eurozone unemployment lowest for three years, data shows
September 1, 2015
Eurozone unemployment lowest for three years, data shows
Unemployment in the eurozone fell to 10.9 percent in July, the first time it has dipped below 11 percent since…
Egypt’s market gains LE10 bn on Monday, EGX30 jumps 2.8%
August 31, 2015
Egypt’s market gains LE10 bn on Monday, EGX30 jumps 2.8%
Egypt's market jumped during Monday's session, after Italy's Eni announced a potentially huge natural gas discovery off the country's coast,…
Tourism Minister to open hotel in Marsa Alam
August 31, 2015
Tourism Minister to open hotel in Marsa Alam
In the presence of the Red Sea governor and Porto Ghareb board chairman Adel Rady, Tourism Minister Khaled Ramy inaugurated…
CAPMAS: Railway revenues up LE22.9 mn in July
August 31, 2015
CAPMAS: Railway revenues up LE22.9 mn in July
The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that revenues from railway passenger transportation have risen to…
Russian ruble in freefall on low price of oil
August 31, 2015
Russian ruble in freefall on low price of oil
The Russian ruble is set for continuing decline, analysts said, as the low price of oil squeezes the country's economy. The…
Survey:Mideast funds more positive on stocks as valuations improve
August 31, 2015
Survey:Mideast funds more positive on stocks as valuations improve
Middle East fund managers have turned more positive towards equities in the region after a plunge in markets reduced valuations…
Asian stocks set for worst monthly drop in three years as Fed, China loom
August 31, 2015
Asian stocks set for worst monthly drop in three years as Fed, China loom
Global financial markets looked set for another rough week on Monday, with stocks and commodities falling ahead of data that…
Egypt’s market gains LE260 mn Sunday, all indexes down
August 30, 2015
Egypt’s market gains LE260 mn Sunday, all indexes down
Egypt's market closed in the red zone following Sunday's session, as the benchmark EGX30 index went down 0.33 percent, to…
Egyptian pound steady at official auction, weaker at exchange bureaus
August 30, 2015
Egyptian pound steady at official auction, weaker at exchange bureaus
Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Sunday, and the…
Lottery dreams turn to nightmares in Illinois budget crisis
August 30, 2015
Lottery dreams turn to nightmares in Illinois budget crisis
It's an unlucky time to hit the jackpot in Illinois.