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Business Egypt

  • A member of the Iraqi security forces uses a wireless radio as he mans a turret on an armed vehicle in the village of al-Buseif, south of Mosul, during an offensive by Iraqi forces to retake the western side of the city from Islamic State (IS) group fighters on February 22, 2017.

    Here are some of the key stories CNBC is following this hour.

  • CANBERRA- Reserve Bank of Australia Governor Philip Lowe will appear at the House of Representatives Standing Committee on Economics. CHISINAU- National Bank of Moldova announces interest rate decision. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting.

  • SINGAPORE- Federal Reserve Bank of Cleveland President Loretta Mester speaks on "View From the Federal Reserve" before the Global Interdependence Center "Central Bank Series: Singapore" event- 0115 GMT. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum- 2230 GMT. WARSAW- National Bank of Poland...

  • CAIRO, Feb 16- Egypt's agricultural exporters are seeing a surge in demand and finding new foreign markets only months after the currency was floated, with many rushing to expand capacity to keep up. "Demand has doubled, with every product gaining one or two markets," said Mostafa al-Naggari, Chairman of Fresh Fruit Co, which recently signed deals to ship to China and...

  • CAIRO, Feb 16- Egypt's agricultural exporters are seeing a surge in demand and finding new foreign markets only months after the currency was floated, with many rushing to expand capacity to keep up. "Demand has doubled, with every product gaining one or two markets," said Mostafa al-Naggari, Chairman of Fresh Fruit Co, which recently signed deals to ship to China and...

  • CAIRO- Central Bank of Egypt monetary policy committee meeting. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum- 2230 GMT. WARSAW- National Bank of Poland monetary policy council meeting.

  • BANGKOK- Bank of Thailand Governor Veerathai Santiprabhob and National Economic and Social Development Board head, Porametee Vimolsiri, to speak about the Thai economy- 0600 GMT. CAIRO- Central Bank of Egypt monetary policy committee meeting. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum-...

  • CAIRO, Feb 14- Egypt is nearing a deal to import crude oil from Iraq and is looking to other countries to help secure supply, Egyptian General Petroleum Corporation's chief Tarek al-Hadidi said. Cairo's search for additional crude comes after Saudi Arabia's state oil firm Saudi Aramco halted shipments of oil products to Egypt last year. Egypt has turned to Iraq...

  • PARIS— American-Egyptian author Mona Eltahawy is one of many activists and human rights advocates targeted in a sweeping cyberespionage campaign blamed on Egypt's government, The Associated Press has found. Eltahawy, a fierce critic of Egypt's government who has frequently complained about state surveillance, said she felt violated but not surprised.

  • CAIRO, Feb 13- Egypt's core inflation has soared to its highest level in more than a decade, hitting 30.86 percent in January as the effects of a currency float and IMF-endorsed austerity measures ripple through an economy undergoing painful reforms. Prices have risen sharply since Egypt abandoned its currency peg to the U.S. dollar on Nov. 3.

  • CAIRO, Feb 13- Egypt's most famous export, the silky soft cotton prized by makers of luxury bedding and clothing, has become so scarce as production has fallen that most supplies sold under its brand name last year were fake. Last year, agricultural production of Egypt's high quality long-staple cotton hit a more than 100- year low. Production has slumped since...

  • *Currency's dive makes imported goods unaffordable for many. CAIRO, Feb 12- Egyptian chocolate spread maker Swifax has doubled its sales and is struggling to keep up with demand since the pound currency dived in November, forcing shoppers traditionally "obsessed with everything foreign" to ditch pricy imports and buy local. "People started changing their...

  • CAIRO— Egypt says its annual inflation rate has risen to 29.6 percent in January, a rise of more than five percent over the previous month. The figure was released Saturday by the state's statistics agency. The floatation was part of a package of reforms introduced to secure an IMF loan of $12 billion to overhaul the economy.

  • ALEXANDRIA, Egypt, Feb 9- Egypt's Alexandria Mineral Oils Co plans a secondary offering of 10-20 percent of its shares on the Cairo stock market and will also issue 10 percent as global depositary receipts in London, its chairman said. The oil company first floated on the Cairo exchange in 2005 and around 20 percent of its shares are currently listed there.

  • SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the A50 Australian Economic Forum dinner. MEXICO CITY- Central Bank of Mexico monetary policy statement. MANILA- Philippines Central Bank monetary policy meeting.

  • WARSAW- National Bank of Poland monetary policy council meeting. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the A50 Australian Economic Forum dinner. MEXICO CITY- Central Bank of Mexico monetary policy statement.

  • *Dubai climbs as Emaar Properties jumps on insurance claim. DUBAI, Feb 6- Most stock markets in the Gulf moved little on Monday but United Arab Emirates bourses outperformed with mid-to-large sized companies boosting Dubai, while Egypt's index slipped in thin volume. Dubai's main index added 1.2 percent as Emaar Properties gained 2.7 percent after saying it...

  • WARSAW- National Bank of Poland monetary policy council meeting. BUDAPEST- Hungarian Central Bank non-rate-setting meeting. CANBERRA- Reserve Bank of Australia interest rate meeting- 0330 GMT.

  • *Tourism in Paris has suffered from Islamist militant attacks. Police inquiries had established that the man, who was hovering between life and death after being shot, was a 29- year-old Egyptian who arrived in France on Jan. 26 after obtaining a tourist visa in Dubai, the Paris prosecutor said. Police have searched an apartment the man had rented in Paris and are...

  • MOSCOW- Central Bank of Russia interest rate decision. WARSAW- National Bank of Poland monetary policy council meeting. BUDAPEST- Hungarian Central Bank non-rate-setting meeting.