Business

Stock market drops before Monday trading

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

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

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

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

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

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

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

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

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

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…
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