Main headlines

October 13, 2014

In August, the capital market rose to the 9,000 points for the first time since 2008.
04:55 GMT

Discussing the trade behaviour, EGX noted that foreign and Arab investors were directed towards selling while Egyptian sought to buy

October 12, 2014

The pull back then snowballed due to panic selling and, possibly, margin calls, according to market players.
00:55 GMT

Stock markets in Saudi Arabia and the United Arab Emirates fell sharply on Sunday as declines on global bourses sparked a broad sell-off in the Gulf region.

The expected visit will also involve forming a joint expert group from the four countries.
00:36 GMT

Egypt’s agricultural exports to Russia have significantly increased and will increase further in the coming period.

The consortium is led by Faiz Al-Abideen, a prominent Saudi businessman and adviser to members of the royal family, whose group has built 17 power plants in Saudi Arabia and abroad.
23:44 GMT

The proposed power plant, which would cost anywhere between $3 billion and $4.5 billion, will generate between 2,500 and 3,500 megawatts (MW) of power.

The upgradation of key elements of the terminal forms part of the first phase of the Airport Modernization Program.
04:55 GMT

Bahrain Airport Company (BAC) said it has started the installation of new state-of-the-art passenger boarding bridges at the Bahrain International Airport (BIA).

The government was “taking a diverse” approach to funding the infrastructure demands of Expo 2020 but declined to state specific details.
04:55 GMT

As part of its bid the emirate has earmarked billions of dollars of infrastructure investment including an extension of the metro rail link, new hotels and roads.

The programs for tackling unemployment have contributed to creating a parallel crisis in the labor market and disrupting the market.
04:55 GMT

At least one million vacancies must be created to tackle unemployment among Saudis and 300,000 jobs are needed annually to absorb new graduates entering the labor market,

October 10, 2014

With the World Cup just eight years away, the likelihood is that the market is only going to become bigger, it added.
01:15 GMT

With the World Cup just eight years away, the likelihood is that the market is only going to become bigger.

October 9, 2014

It was the sixth consecutive slip in the index, which FAO said was the longest period of continuous falls since the late 1990s.
00:39 GMT

It was the sixth consecutive slip in the index, which FAO said was the longest period of continuous falls since the late 1990s.

The city, located 3 km to the west of the Prophet’s Mosque in Madinah, will cover an area of over 1.6 million sq m and accommodate 200,000 people.
15:02 GMT

The project will have 100 administrative and residential towers and 30 hotels, apart from the haj ministry headquarters, the haj secretariat, and the Madinah governor’s office.

Saudi Arabia, which has taken part in air strikes in neighbouring Syria, may be seeking to bolster the army as a counterbalance to Hezbollah.
14:41 GMT

The contract, which was initially agreed in December, has been under intense scrutiny for several months as negotiations between Paris and Riyadh over the deal have proved more complicated than first imagined.

The total of the loan package has surged to $6.45 billion.
04:55 GMT

In May of last year, the Central Bank of Turkey paid the country's final loan installment, freeing Ankara of IMF debts for the first time in 19 years.

Egypt's economy has been hit by more than three years of political and economic turmoil following the 2011 uprising that toppled Hosni Mubarak after 30 years in power.
04:55 GMT

Increased output and a sharp rise in new orders last month, however, appeared to suggest that confidence was beginning to return

October 8, 2014

SodaStream machines allow consumers to make their own flavoured fizzy drinks at home and counts Hollywood actress Scarlett Johansson as its brand ambassador.
00:52 GMT

Shares in Sodastream, the Israeli maker of fizzy drink machines, crashed in pre-market trading after the company reported dismal preliminary earnings for the third quarter.

He added that the central bank will reimburse that sum in case the Qatari government requests the money back.Egypt's net international reserves inched up to $16.8 billion in August, but are expected to decline if Egypt returns the two deposits.
15:20 GMT

Qatar backed Egypt with $7.5 billion in deposits during the presidency of the Muslim Brotherhood's Mohamed Morsi,