Egypt’s Orascom Development net sales surge 87.5% in 2017
Egypt's Orascom Development Holding (ODH) said Wednesday its net sales rose by 87.5 percent to 1.46 billion…
Browsing Tag
balance
Egypt’s foreign trade rises 2.7% in October 2017: CAMPAS
The value of Egypt’s foreign trade rose by 2.7 percent, reaching around $7.7 billion in October 2017 from $7.45…
China-Egypt trade exchange volume hits $8.633bn in ten months
Trade balance between Egypt and China reached $8.633 billion in January-October 2017, down 9.48 percent compared…
Central bank of Egypt says balance of payments rise to $5.1 bln
The Central Bank of Egypt (CBE) stated that the total surplus of Egypt’s balance of payments rose to $5.1 billion…
Egypt’s FDI registers $3 bln in Q1 FY 2017/18
Influx of foreign direct investment (FDI) hiked to register $3 billion in the first quarter (Q1) of financial year…
Kurds abandon territory in the face of Iraq’s government advance
The Baghdad government recaptured territory from Kurds across the breadth of northern Iraq on Tuesday, making…
Uproar in Egypt over hike in mobile recharge cards
Egyptians are angry over a government decision to ratify a 36-percent devaluation of mobile phone balance recharge…
Egypt’s foreign debt ups by 42% in FY2016/17: CBE
Egypt’s foreign debt rose by 42 percent to $79 billion during the financial year 2016/2017, said Central Bank of…
European markets edge higher after Fed hints at December rate hike; Capita tumbles 10%
European markets were slightly higher on Thursday morning, after the Federal Reserve announced a plan to begin…
European markets set to open higher after Federal Reserve hints at December rate hike
European markets were set to open higher on Thursday morning, after the Federal Reserve announced a plan to begin…
Yellen comments stir anxiety about inflation data due out this week
Now that Fed Chair Janet Yellen has spoken, the market is more anxious than ever about this week's inflation data.…
CBE: $11bn surplus in Egyptian balance of payments
The Egyptian balance of payments achieved a surplus of $11 billion during the first nine months of fiscal year…
Gold holds near 4-week highs, political tensions support
Gold held near its highest in four weeks on Monday after rising almost one percent in the previous session, buoyed…
Markets in Asia mostly higher after Fed minutes
Markets were mostly higher on Thursday after U.S. Federal Reserve May meeting minutes indicated an unwinding of…
Disappointing start for coach Inacio as Enppi sinks Zamalek in Egyptian League
Zamalek's new coach Augusto Inacio was dealt the worst possible start in his debut with the Cairo giants after…
Fed’s Yellen aims to let healthy US economy coast along
The Federal Reserve's plans to raise U.S. interest rates gradually are aimed at sustaining full employment and…
European markets to open lower after Fed minutes
European bourses are set for a lower open on Thursday following indications by the U.S. Federal Reserve that it…
Dollar prices fall as market awaits Fed minutes
Dollar edged down in Asian trading on Wednesday as investors awaited the minutes of the Federal Reserve's latest…
International bonds balance rose to $7.5bn end-December: Egypt’s FinMin
Egypt’s balance of bonds offered in international markets rose to $7.5bn by the end of December 2016, according to…
Erdogan dismisses full Turkish troop withdrawal: Cyprus talks
Turkey's president says a full withdrawal of its forces from divided Cyprus is "out of the question" unless Greece…
Oil recovers some previous losses, but doubts over supply cuts linger
Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be…
Trade balance deficit declines 19.9pct in October 2016: Egypt’s CAPMAS
Egypt's trade balance deficit dropped by 19.9 percent in October 2016 to 27.83 billion pounds (US$1.5 billion) from…
Gold prices extend gains on strong technical signals
Gold rose for the fourth straight session on Wednesday, on a technically-driven rebound in thin volume, amid a…
Trump’s pick for budget director has urged big spending cuts
Republican Rep. Mick Mulvaney, President-elect Donald Trump's choice as his budget director, is a fierce deficit…
As Trump riles China, Taiwan tallies defense costs
Before getting too carried away with Taiwan's elevated status under a Donald Trump presidency, President Tsai…
Turkey-Egypt trade balance deficit drops 25%: minister
The deficit in Egypt-Turkey trade balance dropped by 25.5 percent in January-September 2016 to US$996.6 million…
Trade balance deficit fell 13% in July 2016- Egypt’s CAPMAS
The deficit in Egyptian trade balance dropped by 13.1 percent in July 2016 to 30.9 billion Egyptian pounds (US$3.3…
Trade deficit fell by 15.7% in June: Egypt’s CAPMAS
Egyptian trade balance deficit declined by 15.7 percent in June 2016 to 29.7 billion Egyptian pounds (US$3.3…
Iran says crude market oversupplied, balance expected to be restored
Iran's Oil Minister says the oil market is oversupplied but predicts balance between demand and supply will be…
Trade balance deficit drops 16pct to $2.6bn- Egypt’s CAPMAS
The deficit in Egyptian trade balance declined by 26 percent in April 2016 to 23.9 billion Egyptian pounds (US$2.6…
Saudi oil market heading toward a balance, prices beginning to settle- minister
The energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that…
Trade ministry eyes 8% industrial growth in Egypt until 2020
Egyptian trade and industry ministry targets achieving industrial growth rate of 8 percent beside lowering state's…
Japan’s Abe faces mounting pressure as exports falls on stronger Yen
Japan's exports slumped more than expected in April, despite a positive current account balance last month,…
Saudi Arabia-Egypt trade balance records $716mn surplus in 2015
The trade balance between Saudi Arabia and Egypt has witnessed surplus worth US$716 million in favour of the Saudi…
Egypt’s Finance To Offer T-Bills, Bonds Worth EGP60.5 bln In June
Egyptian Ministry of Finance intends to raise the treasury bills and bonds at value of EGP 60.5 billion next June…