10.9% drop in Egypt’s FY2016/17 budget deficit
Egypt's budget deficit fell by 10.9 percent during the financial year year 2016/2017 from 12.5 percent during the…
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Egypt’s food provider Edita reports 85% fall in Q2 profits
Egypt’s snack food maker Edita reported Thursday a 85.3 percent drop in profits to reach 7.05 million Egyptian…
Coca-Cola profit fall by 60% on refranchising charge
U.S. drinks giant Coca-Cola reported a 60.2 percent fall in quarterly profit, as the beverage maker incurred a…
Suez Canal revenues fall by 4% in nine months: CBE
Receivables from fees paid by ships passing through the Suez Canal have fallen by 4.2 percent in the first nine…
Gold prices rise as stocks, dollar retreat
Gold rose on Friday as forecast-beating euro zone inflation boosted the euro against the dollar, while global…
Oil hovers near 3 months-lows as investors await data
Crude oil prices hovered near three-month lows on Tuesday in Asian trading, with investors waiting for key reports…
Auto sales decline 25% in 2016: Giza Commerce Chamber
The total volume of automotives sales dropped by around 25 percent in 2016 to 200,000 autos compared to 265,000…
Tourists arrivals drop 10.5pct in November 2016: Egypt’s CAPMAS
The total number of tourists visiting Egypt in November 2016 recorded 499,800 opposed to 558,600 a year earlier,…
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…
Egypt’s importing bill drops by $7bn since beginning of 2016: Minister
The total volume of Egypt's imports declined by US$7 billion since the beginning of 2016 until now, state's Trade…
