Economy
EGAS: BW Gas to provide Egypt with floating LNG terminal
August 3, 2015
EGAS: BW Gas to provide Egypt with floating LNG terminal
Norway-based BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract, an…
Gulf stocks may remain under pressure as oil hits fresh lows
August 3, 2015
Gulf stocks may remain under pressure as oil hits fresh lows
Gulf stock markets may remain under selling pressure on Monday after oil hit fresh multi-month lows. Saudi Arabia's Mobily, in…
Egypt’s market loses LE1 billion on Sunday, EGX30 down 0.41%
August 2, 2015
Egypt’s market loses LE1 billion on Sunday, EGX30 down 0.41%
Egypt's market closed in the red zone on Sunday's session, as the benchmark EGX30 index nched down 0.41 percent, recording…
Egyptian pound steady at official auction and in exchange bureaus
August 2, 2015
Egyptian pound steady at official auction and in exchange bureaus
Egypt's central bank kept the Egyptian pound steady at 7.73 per dollar at a foreign exchange auction on Sunday after…
Egypt’s Emaar Misr says two senior executives quit the property developer
August 2, 2015
Egypt’s Emaar Misr says two senior executives quit the property developer
Two senior executives at Egypt's Emaar Misr have resigned, the property developer said on Sunday, several weeks after its disappointing…
Credit Agricole Egypt: 17.5% increase in interest income in 1st half of 2015
August 2, 2015
Credit Agricole Egypt: 17.5% increase in interest income in 1st half of 2015
Crédit Agricole Egypt reported a 17.5 percent increase in the interest income, which recorded LE1.3 billion in the first half…
Oil’s drop may weigh on Gulf stock markets
August 2, 2015
Oil’s drop may weigh on Gulf stock markets
Gulf stock markets may come under pressure on Sunday after oil prices and global equities fell. Saudi Arabia's Mobily, whose…
INTERVIEW: Over half of El Sheikh summit promises turned into projects, planning minister says
August 2, 2015
INTERVIEW: Over half of El Sheikh summit promises turned into projects, planning minister says
Egypt has turned more than half of initial agreements signed at a March investor conference into investment projects, the planning…
Egypt’s market gains LE12 billion in July
August 1, 2015
Egypt’s market gains LE12 billion in July
Egyptian Exchange closed this month with gains amounting to LE12.3 billion.The capital market hit LE497.4 billion compared to LE485.1 billion…
Egypt expects to import 7.79 mln tonnes of LNG this fiscal year
August 1, 2015
Egypt expects to import 7.79 mln tonnes of LNG this fiscal year
Egypt expects to import 28.6 million tonnes of crude oil, liquefied natural gas (LNG) and other oil products worth a…