Business
Egypt scraps tax on dividends, investment gains
April 8, 2013
Egypt scraps tax on dividends, investment gains
Egypt will cancel a tax on stock dividends and investment gains from takeovers and will return revenue already levied on…
Lawsuit against hiked butane gas prices claims miscalculation in subsidy bill
April 8, 2013
Lawsuit against hiked butane gas prices claims miscalculation in subsidy bill
A lawsuit filed against Egypt’s president and prime minister for raising the price of butane gas cylinders last week, claims…
Morsy calls for more investment in Sudan
April 4, 2013
Morsy calls for more investment in Sudan
During his first two-day visit to Khartoum on Thursday, President Mohamed Morsy called for increased economic cooperation between Egypt and…
Stock exchange sees modest gains Thursday despite upcoming protests
April 4, 2013
Stock exchange sees modest gains Thursday despite upcoming protests
The Stock Exchange pulled itself out if a steep week-long side on Thursday, with indicators collectively rising by the end…
Sukuk law in state of flux until Al-Azhar review
April 4, 2013
Sukuk law in state of flux until Al-Azhar review
The Shura Council approved in late March a law allowing the issuance of sukuk, or Islamic bonds, which the heavily…
Egypt expects IMF loan agreement in two weeks
April 4, 2013
Egypt expects IMF loan agreement in two weeks
Egypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund (IMF)…
Poll: Egypt’s pound set to sag further against the dollar
April 3, 2013
Poll: Egypt’s pound set to sag further against the dollar
Egypt's pound will depreciate steadily against the dollar over the next 12 months, undermined by political and economic problems for…
Egypt bourse slumps to new 2013 low on currency woes
April 3, 2013
Egypt bourse slumps to new 2013 low on currency woes
Cairo's bourse fell to a new 2013 low on Wednesday as foreign investors sold stocks on fears that Egypt's currency…
Arab League: Political unrest behind lackluster foreign investment
April 2, 2013
Arab League: Political unrest behind lackluster foreign investment
Foreign direct investment in Arab countries dropped from US$90 billion in 2010 to $43 billion in 2011, pushing the region's…
Cabinet mulling FJP privatization plan
April 2, 2013
Cabinet mulling FJP privatization plan
An unnamed official revealed the Cabinet is mulling a Freedom and Justice Party proposal to privatize portions of public companies…