Russian experts to inspect Egyptian airports for final assessment in H1 2017
Russian aviation experts may visit Egypt for security checks at Egyptian airports in the first half of 2017,…
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8 new wells produce 517 MMCFD of gas in H1 2016: Egypt’s Oil
Egyptian Oil Ministry announced Monday that eight new wells started production since the beginning of the second…
Inflation expected to drop 10% in H2 2017: Egypt’s Minister
Egyptian Finance Minister Amr al-Garhi said Monday the inflation rate in Egypt is expected to decrease by 10…
Egyptian exports to UAE hike 149% in 6 months: CAPMAS
The total volume of Egyptian exports to UAE hiked by 149.1 percent during the first half of 2016. Egypt's total…
Maltese imports to Egypt record $529mn in six months
The indicators of Egyptian imports from Malta witnessed a 36.5 percent increase during the first half of 2016. The…
Jordan-Egypt trade exchange hit $223.6mn in six months
The total volume of trade exchange between Egypt and Jordan reached around US$223.6 million during the first half…
Egypt’s exports of glass products hit $68mn in 6 months
Egyptian exports of glass products recorded 605.6 million pounds (US$68 million) during the first half of 2016…
Egypt citrus exports to China rose 30% in H1 2016
Egypt’s citrus exports to China increased by 30% in the first half (H1) of 2016, recording $24m, compared to $18.4m…
Paper products exports hike 25%, hit $214mn in six months- Egypt’s Council
Egyptian paper products sector witnessed a leap during the first half of 2016 as its exports grew by 25 percent.…
Currency instability adding to slowdown in Dubai property market
Residential property prices in Dubai fell again during the second half of 2016 and the slowdown is projected to…
Gaining confidence, Fed officials eye interest rate hike this year
The Federal Reserve is raising expectations for an interest rate rise this year, even as early as next month, after…
Ten states capture 94% of Egypt ready-made clothes exports in H1 2016
Around ten North American, European, and Arab states seized 94 percent of Egypt's ready-made clothes exports during…
Tourism in Egypt drops 50% in H1 2016- ETA
The number of tourists coming to Egypt dropped by 50 percent in the first half of 2016 compared to the same period…
Car sales in Egypt drop 32% in H1 2016
Sales across the automotive market continue to decline, even following a slight recovery from the crisis of low…
1,306 new projects granted approvals in H1 2016: Egypt’s industry minister
Egyptian industry ministry granted licences for 1,306 new projects inside and outside industrial zones during the…
Volkswagen reports H1 operating profit of $8.3 billion
Volkswagen (VOWG_p.DE) reported on Wednesday its operating profit came to 7.5 billion euros ($8.3 billion) in the…
French carmaker PSA sales slide on China weakness, sees slight Brexit impact
PSA Group's (PEUP.PA) first-half sales fell 0.2 percent, the French carmaker said on Tuesday, citing difficulties…
China economy to grow 6.6% , needs policy support
China's economy will grow at about 6.6 percent this year, and will need to be underpinned by policy support in the…
Total executed investments in Egypt reach $19bn in H1 2016
The volume of total executed investments in Egypt hit around 172 billion Egyptian pounds (US$19 billion) during the…
Egyptian Ethydco complex to produce polyethylene H2 2016; Sidpec head says
The petrochemicals complex of the Egyptian Ethylene and Derivatives Company (Ethydco) is expected to start…
Emirati-Egyptian Economic Committee to be held H2 2016: Trade minister
Egyptian trade ministry intends to hold the Egyptian-Emirati Joint Economic Committee during the second half of…
UAE allocates $4 bln to Egypt; to c.bank and investments: Reports
The United Arab Emirates has pledged $4 billion to Egypt, half as a deposit in the central bank and the other half…
Oil prices fall as oversupply lingers, economic slowdown looms
Oil prices fell over half a dollar on Tuesday, extending losses from the previous session as concerns took hold…
Easing expectations send euro lower
The euro dipped almost half a percent at the start of the run-in to a European Central Bank meeting on Thursday…
Abu Qir Fertilizers six-month net profit reaches $65mn
Egypt's Abu Qir Fertilizers has attained net profit of 506.6 million Egyptian pounds (US$64.6 million) during the…
Kima Egypt 6 months profits drop 12%
Egyptian Chemical Industries (KIMA) reported net profits of 25.6 million Egyptian pounds (US$3.2 million) for the…
Egyptian Mortgage Refinance eyes $25mn bond issuance
The Egyptian Mortgage Refinance Company (EMRC) intends to enter bonds market for the first time with initial issue…
Emaar Misr achieves Net Sales of US$497 mln
Emaar Misr for Development S.A.E. has achieved EGP3.91 billion (US$497 million ) within the first half of 2015…
UK raises $1.2billion from Royal Mail Stake Sale
Britain on Thursday said it had raised 750 million pounds ($1.2 billion) by selling half of its 30 percent stake in…
Deutsche Bank Q1 Profit falls by Half as Legal Charges Bite
Deutsche Bank's (DBKGn.DE) earnings fell by half in the first quarter, a greater-than-expected drop as hefty legal…