Business
Grocers protest shortage in supply commodities
September 1, 2013
Grocers protest shortage in supply commodities
Dozens of subsidized supply goods distributors staged a protest on Sunday outside the Food Industries Holding Company over the delivery…
Egypt preparing timetable for energy debts
September 1, 2013
Egypt preparing timetable for energy debts
Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies operating in the country,…
In Syria, try banks before bombs
August 30, 2013
In Syria, try banks before bombs
As President Barack Obama weighs the U.S. response to chemical weapons attacks against Syrian civilians, one soft power option should…
CBE denies Brotherhood figures have accounts in banks
August 29, 2013
CBE denies Brotherhood figures have accounts in banks
A source from the Central Bank of Egypt (CBE) said most Brotherhood figures’ assets are being invested outside the bank…
Stock market dips 4% amid Syria fears
August 29, 2013
Stock market dips 4% amid Syria fears
Egypt’s stock market marked a four-percent decline on Thursday by end of trading, amid expectations of a potential military strike…
LE22.353 billion added to investment budget as an urgent measure
August 29, 2013
LE22.353 billion added to investment budget as an urgent measure
The cabinet will begin implementing an urgent economic program in September to revive the Egyptian economy over a period of…
Egyptian government temporarily halts IMF loan negotiations
August 28, 2013
Egyptian government temporarily halts IMF loan negotiations
According to minister of finance, Ahmed Galal, the Egyptian government currently has no intention of carrying forward talks with the…
Egyptian economy better off than in June according to finance minister
August 28, 2013
Egyptian economy better off than in June according to finance minister
Finance Minister Ahmed Galal has said Egypt's economic and financial situation has improved since June. Galal pointed to exchange rate stability,…
Railways lose LE250m over two weeks: minister
August 27, 2013
Railways lose LE250m over two weeks: minister
Minister of Transport Ibrahim al-Domeiry estimated losses incurred by Egypt's railways authority over the past two weeks at LE250 million.The…
Stock market sees modest losses
August 26, 2013
Stock market sees modest losses
After a good start to this week’s transactions, the Egypt stock market ended Monday’s session in the red as its…