Economics

Saudi Arabia bans importing onion from Egypt

CAIRO – 17 January 2019: Saudi Arabia's Ministry of Environment, Water and Agriculture imposed a temporary ban on importing onions…

Chinese Company to fund new textile city in Minya by $324M

CAIRO – 17 January 2018: The General Authority for Investment and Free Zones (GAFI) concluded the contract for the establishment…

Dollar stalls, sterling steadies after May wins no-confidence vote

TOKYO – 17 January 2019: The dollar took a breather on Thursday following its recent strong gains against key rivals,…

Stocks turn red, pound finds some peace

LONDON – 17 January 2019: Concern over China’s economic outlook and possible U.S. tariffs on European cars dragged stocks lower…

Oil prices slip as U.S. crude output nears 12 million bpd

SINGAPORE – 17 January 2019: Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels…

EGX ends week in red amid foreign selling

CAIRO – 17 January 2019: Indices of the Egyptian Exchange (EGX) ended last session of the week in red, and…

UN supports Egypt with $1.2 billion in four pillars until 2022

CAIRO – 17 January 2018: The strategic framework for Egypt’s partnership with the United Nations for the period of 2018-2022…

Euro zone bond yields slide as Brexit, U.S. shutdown sap risk appetite

LONDON – 17 January 2019: Euro zone bond yields edged lower on Thursday after rising the day before, as markets…

Beltone foresees $17.6M net outflows for EGX biyearly revision

CAIRO – 17 January 2018: Before the Egyptian Exchange (EGX) issues the results of its half-year revision of the index…

Egypt, China Eximbank sign cooperation agreement

CAIRO – 16 January 2018: Prime Minister Moustafa Madbouli on Wednesday attended the signing of an agreement between Egypt and…

Cairo to host 4th session of Egyptian-Kuwaiti coop. council in Feb.

CAIRO -16 January 2018: Cairo is set to host the 4th session of the Egyptian-Kuwaiti Cooperation Council on February 10,…

Roadmap developed to lure investments to mineral wealth sector: Min.

CAIRO – 16 January 2018: Minister of Petroleum and Mineral Wealth Tarek el Molla said Tuesday Egypt has developed a…

Nasr: Egypt supports Egyptian investors in Africa

CAIRO – 16 January 2018: Minister of Investment and International Cooperation Sahar Nasr on Wednesday held talks with businessmen investing…

Investment in infrastructure, human capital top priority: minister

CAIRO – 16 January 2018: Investment and International Cooperation Minister Sahar Nasr stressed on Wednesday that investment in infrastructure and…

Planning min. reviews economic progress after 26 months of reforms

CAIRO – 16 January 2019: After 26 months of applying economic reforms, Egypt has achieved a growth rate of 5.3…
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