Business
Stock market drops before Monday trading
August 19, 2013
Stock market drops before Monday trading
The Egyptian stock market’s benchmark EGX30 declined on Monday by 0.25 percent reaching 5321 points.Trading reached around LE6.564 million on 10.042…
Arab states ready to cover any cuts in aid to Egypt: Saudi Arabia
August 19, 2013
Arab states ready to cover any cuts in aid to Egypt: Saudi Arabia
Saudi Arabia said on Monday that Arab and Islamic countries will step in to help Egypt if Western nations cut aid packages to…
Railways lose LE20m since curfew enforced
August 19, 2013
Railways lose LE20m since curfew enforced
The Egyptian railways have lost LE20 million since the government announced a curfew last week as violence erupted between security…
Stock market loses LE7.4 bn amid fears of renewed violence
August 18, 2013
Stock market loses LE7.4 bn amid fears of renewed violence
Stock indices fell drastically at the end of Monday’s trading session, with an intense selling on the part of foreign…
Gulf support deals blow to Western aid threats: experts
August 18, 2013
Gulf support deals blow to Western aid threats: experts
Financial assistance bound for Egypt from several Gulf states has dealt a blow to threats by the United States and…
No compensation for businesses damaged in clashes
August 18, 2013
No compensation for businesses damaged in clashes
The majority of businesses and facilities damaged, ransacked or looted during street clashes are not entitled to compensation, an insurance…
Toyota, Suzuki halt Egypt production amid unrest – Nikkei
August 17, 2013
Toyota, Suzuki halt Egypt production amid unrest – Nikkei
Toyota Motor Corp and Suzuki Motor Corp halted production in Egypt on Thursday due to political turmoil in the country,…
Shell closes Egypt offices, curbs business travel there
August 15, 2013
Shell closes Egypt offices, curbs business travel there
Europe's top oil company Royal Dutch/Shell has closed its offices in Egypt for the next few days and restricted business…
Oil hits four-month high as Egypt stokes supply fears
August 15, 2013
Oil hits four-month high as Egypt stokes supply fears
Brent oil prices climbed above $111 per barrel to a four-month high on Thursday on fears that escalating violence in…
31.5% decline in trade deficit in April
August 13, 2013
31.5% decline in trade deficit in April
The Central Agency for Public Mobilization and Statistics (CAPMAS) has recorded a decline in the trade balance deficit for April.The…