Economics

Shares shrug as Trump fires off $200 billion of China tariffs

LONDON – 18 September 2018: Who’s afraid of the big bad trade war? Not world stock markets it seems. The…

EGX loses LE794M of market capitalization Tuesday

CAIRO – 18 September 2018: The Egyptian Exchange (EGX) ended Tuesday’s session on a mixed note after two sessions of…

Agriculture minister: $26bln volume of trade with EU

CAIRO – 18 September 2018: Minister of Agriculture and Land Reclamation Ezzedin Abu Steit said Tuesday the European Union is…

Dollar falls for second day as trade war escalates

LONDON – 18 September 2018: The dollar fell for a second consecutive day and the euro gained on Tuesday after…

Sterling rises on Irish border hopes, weak dollar before EU summit

LONDON – 18 September 2018: The pound on Monday hit a six-week high, helped by a weaker dollar and reports…

Egypt cancels T-bonds bills for 3rd time in 2018

CAIRO – 18 September 2018: Egypt canceled bids to sell three- and seven-year bonds worth LE 3.5 billion for the…

Economic reform program behind rise of established, expanded companies

CAIRO – 18 September 2018: The Egyptian Economic reform program was a reason for raising the number of founded and…

OFID offers 2 grants to Egyptian organizations for $380K

CAIRO – 18 September 2018: The OPEC Fund for International Development (OFID) provided grants to the Regional Centre for Renewable…

Mulla: New oil findings will push up petrochemical industries

CAIRO – 18 September 2018: Minister of Petroleum Tarek el Mulla said that new oil findings and natural gas fields…

Qalaa Holdings invests LE 18.6B in Egypt through 2017/18

CAIRO – 18 September 2018: Qalaa Holdings invested LE 18.6 billion in Egypt during fiscal year 2017/2018, CEO of Qalaa…

Nasr visits investor services center in Alex.

ALEXANDRIA – 19 September 2018: Investment and International Cooperation Minister Sahar Nasr on Tuesday visited the investor services center in…

Gastec, Eni sign agreement to establish fuel stations

CAIRO – 17 September 2018: Gastec Company and Italian Company Eni have signed an agreement to establish auto service and…

LE130B allocated for supply sector development program during 2018/19

CAIRO – 17 September 2018: Minister of Planning, Follow-Up and Administrative Reform Hala el Saeed said the total cost of…

Telecom Egypt acquires MENA Cable from Orascom Investment for $90M

CAIRO – 17 September 2018: Telecom Egypt announced that its subsidiary Egyptian Submarine Cable Company (EISCC) completed the acquisition of…

FRA, EGX review mechanism of stock loans

CAIRO – 17 September 2018: Financial Regulatory Authority (FRA) and EGX officials have reviewed a number of proposals to activate…
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