Economy
MIDEAST STOCKS: Saudi Arabia surges, boosted by stronger oil
August 30, 2015
MIDEAST STOCKS: Saudi Arabia surges, boosted by stronger oil
Saudi Arabia's stock market continued its sharp rebound in early trade on Sunday as stronger oil prices lifted shares in…
Public business sector on verge of collapse: Reports
August 30, 2015
Public business sector on verge of collapse: Reports
Major companies from the public business sector are on the verge of collapse due to increased losses and the deterioration…
Chinese tourists unfazed by currency fall, market turmoil
August 30, 2015
Chinese tourists unfazed by currency fall, market turmoil
China's currency devaluation and slowing economy have caused enormous turmoil in world financial markets, but they have not really bothered…
Global LNG-Price slide deepens on burgeoning supply, European exports competitive
August 29, 2015
Global LNG-Price slide deepens on burgeoning supply, European exports competitive
Asian liquefied natural gas (LNG) prices for October delivery fell this week as new cargoes offered by Indonesia and Australia…
Egypt’s market loses LE6.4 bn in week, EGX30 index down 1.3%
August 28, 2015
Egypt’s market loses LE6.4 bn in week, EGX30 index down 1.3%
Egypt's stock market has witnessed loses of LE6.4 billion (US$818 million) this week, as all indexes dropped, Egyptian Exchange data…
Egypt’s market gains LE12.8 million on Thursday, EGX30 climbs 3 %
August 27, 2015
Egypt’s market gains LE12.8 million on Thursday, EGX30 climbs 3 %
Egypt's market boosted by the improved global equities backdrop on Thursday's session, as the benchmark EGX30 index climbed 2.99 percent,…
Egyptian pound steady at official auction, weaker at exchange bureaus
August 27, 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 Thursday, and the…
Egypt extends high-moisture wheat exemption for one year
August 27, 2015
Egypt extends high-moisture wheat exemption for one year
Egypt will accept higher moisture levels in government tenders to buy wheat for one year after an initial exemption expires…
Egypt bans rice exports as of Sept. 1
August 27, 2015
Egypt bans rice exports as of Sept. 1
Egypt will ban rice exports again as of Sept. 1. to satisfy domestic consumption, the ministry of trade and industry…
Surprised by global impact of yuan move, China looks to calm markets
August 27, 2015
Surprised by global impact of yuan move, China looks to calm markets
China has been so surprised by the global reaction to its currency devaluation that it is likely to keep the…