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Economy News

  • 05
  • Jun
ISMAILIA, Egypt, June 5, 2018 (MENA) - Forty-nine ships transited the Suez Canal on Tuesday, with a total cargo of 2.6 million tons.The south-bound convoy included 27 vessels carrying…
  • 05
  • Jun
CAIRO, June 5, 2018 – Egypt's equities were battered by local selloffs in low volumes in early trade on Tuesday.At 11:15 a.m., the benchmark index EGX30 plunged 3.3 per…
  • 05
  • Jun
SYDNEY, June 5, 2018 (News Wires) - Australian authorities have charged the former local bosses of Citigroup Inc and Deutsche Bank AG with “criminal cartel offences” over a $2.3…
  • 05
  • Jun
LOS ANGELES/NEW YORK, June 5, 2018 (News Wires) - Starbucks Corp Executive Chairman Howard Schultz is stepping away from the coffee chain he built into a global powerhouse, putting…
  • 05
  • Jun
TOKYO, June 5, 2018 (News Wires) - Asian stocks steadied on Tuesday as investors paused for breath after the previous day’s rally, although tech-inspired Wall Street gains supported broader…
  • 04
  • Jun
CAIRO, June 4, 2018 (MENA) - Egypt's Ministry of Petroleum has approved that the fees of natural gas service to households be paid in monthly installments over six years.Some…
  • 04
  • Jun
CAIRO, June 4, 2018 - Local stocks were in the red on Monday, driven by local and foreign sell-offs and purchases by Arab investors. Market capitalisation lost about LE11.7…
  • 04
  • Jun
CAIRO, June 4, 2018 (MENA) - The British Council in Cairo launched a 30-million-pound program to boost creative economy in Egypt.The program was launched on the occasion of the…
  • 04
  • Jun
CAIRO, June 4, 2018 (MENA) - Egypt's Exchange indices went down collectively at the close of Monday's trading session amid selling operations by domestic and Arab institutions.The market capital…
  • 04
  • Jun
CAIRO, June 4, 2018 (MENA) - Egypt's Finance Minister Amr el Garhi said on Monday that the total tax proceeds the ministry seeks to collect in 2022 is EGP…