Economics

EFG Hermes accomplish profits of LE 767.16B in 9 months

CAIRO – 15 November 2018: Egyptian Financial Group Hermes Holding (EFG Hermes) recorded consolidated profits of LE 767.16 million during…

CBE keeps interest rates on hold in November

CAIRO – 15 November 2018: The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) kept interest rates…

Egypt targets narrower budget deficit of 7% in 2019/20

CAIRO – 15 Egypt is targeting a budget deficit of 7 percent of GDP for the 2019-20 fiscal year that…

Unemployment rate hit 10% in Q3 2018

CAIRO – 15 November2018: Egypt’s unemployment rate declined 1.9 percent during the third quarter of 2018 to 10 percent, compared…

CBE to keep interest rates unchanged in November

CAIRO – 15 November 2018: The Monetary Policy Committee of the Central Bank of Egypt (CBE) is expected to keep…

EGX adds LE6.7B to market Capitalization Thursday

CAIRO – 15 November 2018: The Egyptian Exchange (EGX) ended last session of the week in a mixed performance, and…

Asia stocks lifted by China-U.S. trade hopes; oil resumes retreat

TOKYO – 15 November 2018: Asian stocks rose on Thursday, cheered by a bounce in Chinese equities on signs China…

U.S. lawmaker says Facebook cannot be trusted to regulate itself

WASHINGTON – 15 November 2018: Democratic U.S. Representative David Cicilline, expected to become the next chairman of House Judiciary Committee’s…

Prominent managers loaded up on Apple before recent tumble

NEW YORK – 15 November 2018: Several prominent investors put fresh money to work in Apple (AAPL.O) during the third…

Oil prices stabilize, but supply glut concerns weigh on sentiment

SINGAPORE – 15 November 2018: Oil prices stabilized on Thursday, reversing earlier declines, but market sentiment remained cautious over concerns…

Oversupply fears cloud outlook for U.S. crude in 2019

NEW YORK – 15 November 2018: The U.S. oil market is scrambling to adjust to a deep selloff over the…

Euro extends gains as Italian concerns take back seat

LONDON – 15 November 2018: The euro strengthened on Thursday as investors cautiously welcomed Britain’s draft Brexit deal with the…

Sterling plunges as Brexit minister Raab resigns

LONDON – 15 November 2018: The pound plunged against both the euro and the dollar on Thursday after British Brexit…

HC Securities acts as sole financial advisor on sale of 74% of Medco Plast

CAIRO – 15 November 2018: HC Securities & Investment acted as the sole financial advisor to Middle East Glass Manufacturing…

Why should wastewater treatment be decentralized?

BARCELONA, Spain – 14 November 2018: While water security is high on any government’s agenda, funding sustainable projects remains a…
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