Business
Arab stock markets continue dip for third day
September 6, 2013
Arab stock markets continue dip for third day
Arab stock market indices ended the week’s trading sessions in the red zone, with losses for the third day in…
Making the most of Gulf aid to Egypt
September 6, 2013
Making the most of Gulf aid to Egypt
We may not like it, but Egypt desperately needs Gulf money.So why not change the way the Gulf lends money to Egypt…
Stock market surpasses expectations and earns LE900 million
September 5, 2013
Stock market surpasses expectations and earns LE900 million
Stock indices rose on Thursday in the last trading session of the week, surpassing the predicted negative effects of an…
Foreign cash reserve rises by $36 million
September 5, 2013
Foreign cash reserve rises by $36 million
Net foreign reserves at the Central Bank of Egypt went up by $36 million, reaching $18.916 billion at the end…
Qatar to suspend bond transferals from Egyptian bank
September 4, 2013
Qatar to suspend bond transferals from Egyptian bank
The Qatari government notified the Egyptian government on Monday of its decision to indefinitely suspend bond transfers from the Central…
Stock market loses LE700 million on Wednesday
September 4, 2013
Stock market loses LE700 million on Wednesday
The stock market in Cairo closed on Wednesday at LE351.4 billion, totaling a loss of market capital at some LE700 million. Total…
Euromoney says conference in Egypt to be held on time
September 4, 2013
Euromoney says conference in Egypt to be held on time
Euromoney’s Egypt annual conference will take place 24 to 25 September to assess Egypt’s current economic situation, the organization said. The…
Telecom Egypt will launch a mobile network
September 4, 2013
Telecom Egypt will launch a mobile network
Telecom Egypt CEO Mohamed al-Nawawy announced Wednesday the company will be expanding into the mobile network industry, launching a fourth…
UAE funds new solar power station in Siwa
September 4, 2013
UAE funds new solar power station in Siwa
A solar power plant projected to produce 20 megawatts of electricity will be funded with LE1 million Emirati fund to…
CBE grants exceptional tender to cover strategic goods
September 4, 2013
CBE grants exceptional tender to cover strategic goods
Central Bank of Egypt (CBE) announced granting non-periodic tender of US$1.3 billion to cover the importing of strategic goods. In a…