Business
Agency: 1.1 million tourists visited Egypt in April
June 10, 2013
Agency: 1.1 million tourists visited Egypt in April
The number of foreign tourists visiting Egypt rose to 1.1 million in April, according to official statistics, an increase of…
No privatization in Egypt’s public sector, minister claims
June 8, 2013
No privatization in Egypt’s public sector, minister claims
Investment Minister Yehia Hamed has claimed there will be no privatisation in Egypt's public sector, despite growing concerns over alleged…
Foreign currency reserves rise to US$16 billion in May
June 6, 2013
Foreign currency reserves rise to US$16 billion in May
Net foreign currency reserves climbed to US$16.039 billion at the end of May, up from US$14.4 billion at the end…
Egypt’s GASC says has at least 5 months’ worth of wheat stocks
May 30, 2013
Egypt’s GASC says has at least 5 months’ worth of wheat stocks
Egypt's main state wheat buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had at least five…
Egypt stock market makes gains despite political and economic woes
May 30, 2013
Egypt stock market makes gains despite political and economic woes
The Egyptian stock market made some gains this week despite political and economic uncertainty resulting from calls for mass protests.…
Egypt sells $38.5 mln at forex auction
May 29, 2013
Egypt sells $38.5 mln at forex auction
Egypt's central bank sold $38.5 million to banks in a foreign exchange auction on Wednesday, with the cut-off price weakening…
Egypt leaves price of currency unchanged at forex auction
May 27, 2013
Egypt leaves price of currency unchanged at forex auction
Egypt's central bank sold $38.4 million to banks in a foreign exchange auction on Monday, with the cut-off price unchanged…
UAE’s $3 bln aid for Egypt “will take time”: UAE finmin
May 25, 2013
UAE’s $3 bln aid for Egypt “will take time”: UAE finmin
The $3 billion in aid that the United Arab Emirates pledged for Egypt in 2011 will "take time" to be…
Egypt to return taxes collected from Qatar bank deal
May 25, 2013
Egypt to return taxes collected from Qatar bank deal
Egypt will refund taxes collected from Qatar National Bank 's acquisition of National Societe Generale Bank to shareholders on Sunday,…
Egypt’s EFG Hermes says Q1 net profit jumps 27 pct
May 22, 2013
Egypt’s EFG Hermes says Q1 net profit jumps 27 pct
EFG Hermes, Egypt's biggest investment bank, saw net profit jump 27 percent in the first quarter from the same period…