Petroceltic Cuts Production Forecast Amid Egyptian Unrest
Petroceltic, the oil and gas explorer, cut its production forecast for the full year due to lower than expected…
Browsing Tag
Morsi’s ouster
Qatar to Convert $2 bln Egypt Central Bank Deposit into Bonds -Report
Qatar agreed on Monday to convert a $2 billion deposit with Egypt's central bank into bonds within a week,…
Egypt Shares Gain EGP4 bln, Benchmark Surges to 5245 at Close
Egypt's stocks closed higher on Monday posting gains totaled EGP 4 billion. The main gauge has ended above 5245…
Controversial Constitution Articles to Be Settled by 75% Vote
The 50-member constitution committee agreed on Monday that controversial articles will be settled by a 75 percent…
Egypt Shares Opened Mixed, EGX 30 Falls 0.25%
Egypt's stock market opened higher on Monday posting gains of EGP 904 million. However, the benchmark index…
GAFI: KSA Captures Lion’s Share in Post-Morsi Egypt Market
Saudi investments in Egypt have captured the lion’s share of the Egyptian market since the outbreak of June 30…
Arrested ‘Spy’ Stork Killed and Eaten After Release in Egypt
The stork that was detained by Egyptian police on suspicion of spying has been killed and eaten, days after its…
U.S. Loses Focus on Egypt
The debate over Syria has obscured another critical decision about Middle East policy that President Obama and…
Egypt’s Benchmark Slightly Edges up to 5192 Pts – Midday
Egypt's stock market rebounded during the midday session of Thursday posting gains of EGP 1.4 billion backed…
Egypt Pound Strengthens at Bumper $1.3 bln Currency Sale
The Egyptian pound jumped 1.2 percent on Wednesday at a $1.3-billion foreign currency sale - its biggest ever - as…