Business
OCI transition to Dutch company moves forward
February 13, 2013
OCI transition to Dutch company moves forward
Orascom Construction Industries announced Wednesday that a majority of its shareholders had agreed to transfer their shares to a Dutch-based…
Moody’s cuts Egypt, cites unrest and IMF doubt
February 12, 2013
Moody’s cuts Egypt, cites unrest and IMF doubt
Ratings agency Moody's cut Egypt's credit rating on Tuesday, citing doubts about its ability to secure International Monetary Fund support…
Egypt farm bank launching retail Islamic services
February 12, 2013
Egypt farm bank launching retail Islamic services
Egypt's main agricultural bank is launching Islamic retail services this month to meet increasing demand in rural areas, a bank…
Stocks hit 9-day high as violence abates
February 12, 2013
Stocks hit 9-day high as violence abates
Egyptian stocks recorded their highest gains in nine days on Tuesday after protests marking the resignation of former President Hosni…
NBD to finance electric grid using Islamic finance
February 11, 2013
NBD to finance electric grid using Islamic finance
The National Bank for Development (NBD) announced on Monday that it has signed on to finance US$110 million in improvements…
Egypt’s non-petroleum exports achieved LE 11.2 billion in January
February 11, 2013
Egypt’s non-petroleum exports achieved LE 11.2 billion in January
Egypt's non-petroleum exports during January reached LE 11.260 billion, up by 12 percent compared to the same month of last…
In near future, experts see a wave of drastic price increases
February 10, 2013
In near future, experts see a wave of drastic price increases
As the country’s economic crisis continues to administer its blistering effects on businesses and consumers, industry insiders and experts are…
Finance Ministry offers LE5.5 bn in treasury bills
February 10, 2013
Finance Ministry offers LE5.5 bn in treasury bills
The Finance Ministry announced an offering of treasury bills worth LE5.5 billion Sunday, in the government's newest move to abate…
Authority stops issuing new liquor licenses in new areas
February 10, 2013
Authority stops issuing new liquor licenses in new areas
Authorities have put a halt to issuing new liquor licenses in some of Cairo’s recently built areas and new settlements,…
Inflation rises 1.8% in January
February 10, 2013
Inflation rises 1.8% in January
The rate of monthly inflation rose by 1.8 percent in January compared to December, and the annual rate of inflation…