World Bank expects Egypt economy to grow 5 percent in 2018
The World Bank (WB) raised its forecast for the growth rate of the Egyptian economy to grow 5 percent in the…
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Economy
European markets poised to rise ahead of earnings, economic data
European markets are set to open higher on Tuesday morning, tracking modest overnight gains after data showed…
Egypt targets investments worth 942 bln pounds in FY2018/19
Egypt’s total investments are expected to reach 942 billion Egyptian pounds in financial year 2018/2019…
National Bank of Egypt, Banque Misr halt issuance of 17% savings certificates
Egypt’s two biggest banks, the state-owned National Bank of Egypt and Banque Misr stated they will be halting the…
Asian shares drift lower amid US-Russia tensions on Syria
Asian stocks edged lower on Thursday as investor confidence seen earlier in the week wavered overnight amid…
Asian shares buoyed after Xi remarks on opening up
Asian markets advanced in late morning trade on Tuesday as investors digested comments from Chinese President Xi…
Egypt to maintain customs exchange rate at 16 pounds per $1 for 6 month in a row
Egypt has decided to maintain its current customs exchange rate of EGP 16 per $1, effective in April, for the…
Egypt to float shares in 4-6 companies during 2018: EGX Vice Chairman
Egypt will offer shares in four to six companies in 2018, seeking to gain from 12 to 15 billion Egyptian…
Oil prices rise on reduced US drilling activity, booming job market
Oil markets climbed on Monday on the back of a drop in the number of U.S. rigs drilling for more production and as…
Dollar tumbles as US tariff plan ignites trade war fears
U.S. dollar fell against most currencies on Friday, dropping to its lowest in more than two years against the yen,…
