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Economy News

  • 14
  • Aug
CAIRO, August 14, 2018 (MENA) - Damietta port revenues shot up to LE 2.707 billion in FY 2017-2018, Damietta Port Authority Chairman Ayman Saleh said.Saleh made the remarks on…
  • 14
  • Aug
CAIRO, August 14, 2018 (MENA) - Telecom Egypt (TE) reported a 16-percent surge in net revenues in the first half of 2018, compared to the same period last year.In…
  • 14
  • Aug
WASHINGTON (News Wires) - US economic growth will probably accelerate this year before slowing in 2019 to well below the Trump administration’s 3 per cent target as a fiscal…
  • 14
  • Aug
CARACAS (News Wires) - Venezuela’s heavily subsidised domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel smuggling, President Nicolas…
  • 14
  • Aug
SYDNEY (News Wires) - Asian share markets fought to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed, though sentiment took a fresh…
  • 13
  • Aug
CAIRO, August 13, 2018 - Local stocks were in the red on Monday on profit taking by investors. The main index EGX30 declined by 1.38 per cent to stand…
  • 13
  • Aug
LONDON (News Wires) - World markets shuddered on Monday, as Turkey’s worsening currency crisis persuaded investors to dump equities and emerging markets and flee to safer assets such as…
  • 13
  • Aug
ISTANBUL/ANKARA (News Wires) - Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and cut…
  • 12
  • Aug
BEIJING (News Wires) - A ship carrying soybeans from the United States docked in the port of Dalian on Saturday, more than a month after it arrived off China’s…
  • 11
  • Aug
CAIRO, August 11, 2018 (News Wires) - Egyptian Finance Minister Mohamed Maeet has said the government will reduce its public debt to 92 percent of the GDP in the…