Economics

Returning to London, Britain’s May faces mammoth task to change minds on Brexit

BRUSSELS, March 22 (Reuters) – British Prime Minister Theresa May returned on Friday to her mammoth struggle of persuading a…

AASTMT discuss developing industrial sector, Industry minister

CAIRO – 22 March 2019: Trade and Industry Minister Amr Nassar discussed Friday benefiting from the expertise and capacities of…

Egypt, Argentina agree on boosting economic cooperation

CAIRO 22 March 2019: Minister of Investment and International Cooperation Sahar Nasr met with Argentine Foreign Minister Jorge Faurie on…

Egypt, Poland sign MoU on production of portable cabins

CAIRO – 22 March 2019: Minister of State for Military Production Mohamed el Assar attended the signing ceremony of a…

Daimler taps Goldman to raise China BAIC shareholding sources

HONG KONG (Reuters) – Daimler has asked Goldman Sachs to help it explore increasing its stake in Chinese carmaker BAIC…

Egyptian potatoes enter Turkish markets: Minister

CAIRO – 21 March 2019: Minister of Agriculture and Land Reclamation Ezz el-Din Abu Steit received a report on the…

Housing Ministry signs 3 contracts with investments of LE90B

CAIRO – 21 March 2019: Minister of Housing, Utilities and Urban Communities Essam el-Gazzar announced signing partnership contracts between the…

Fitch upgrades Egypt’s IDR to B+ with stable outlook

CAIRO – 21 March 2019: Fitch Ratings upgraded Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) to B+ from B, with…

EGX ends Thursday in green, market cap. gains LE 2.47B

CAIRO – 21 March 2019: The Egyptian Exchange (EGX) ended last session in the week in green, and market capitalization…

CBE to issue LE 18.25B in T-bills Thursday

CAIRO – 21 March 2019: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set…

Brexit delay concerns bubble up in FX derivative markets

LONDON – 21 March 2019: Concerns about the British pound are growing in currency derivative markets as uncertainty rises over…

Egypt targets unemployment rate of 9.1% in 2019/20

CAIRO – 21 March 2019: Egypt’s 2019/2020 budget targets a growth rate of 6 percent, which will be reflected on…

Global stocks wilt as Fed shift sparks stampede into bonds

LONDON – 21 March 2019: European shares wilted and there was a stampede into bonds on Thursday, after the U.S.…

Egypt to collect taxes from banks on debt instruments quarterly

CAIRO – 21 March 2019: The Egyptian government will collect taxes from banks on their holdings of treasury debt instruments…

EGX ends Tuesday in red, market cap. loses LE 11B

CAIRO – 19 March 2019: The Egyptian Exchange (EGX) ended Tuesday’s session in red for the second session in row,…
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