Business
Supply Ministry declares state of emergency ahead of Eid
July 31, 2013
Supply Ministry declares state of emergency ahead of Eid
Egypt's Ministry of Supply and Domestic Trade has declared a state of emergency ahead of Eid. Mahmoud Abdel Aziz, head…
Local Development Ministry to bolster financing for micro-projects
July 31, 2013
Local Development Ministry to bolster financing for micro-projects
Egypt's Minister of Local Development Adel Labib said on Wednesday that the ministry will continue to hand out short-term loans…
Stock exchange up LE1.4 billion
July 30, 2013
Stock exchange up LE1.4 billion
Stock exchange indices collectively rose by the end of Tuesday trading in Egypt, following a decline in the last four…
Egypt to push ahead with smart cards for gasoline
July 29, 2013
Egypt to push ahead with smart cards for gasoline
The new Egyptian government will press ahead with a smart card program for distributing fuel products that its predecessor had…
Stock market falls for a fourth straight day
July 29, 2013
Stock market falls for a fourth straight day
The Egyptian stock market continued to fall for a fourth consecutive session and its benchmark index EGX30 dropped by 0.58…
Egypt’s new finance minister plans stimulus, not austerity
July 25, 2013
Egypt’s new finance minister plans stimulus, not austerity
Egypt interim government will seek to avoid major austerity measures and instead work to stimulate the economy by improving security…
IMF says still not talking to Egypt’s interim government
July 25, 2013
IMF says still not talking to Egypt’s interim government
WASHINGTON - The International Monetary Fund said on Thursday it will not engage in talks about a possible $4.8 billion…
Supply Ministry to import 240,000 tonnes of wheat
July 24, 2013
Supply Ministry to import 240,000 tonnes of wheat
The Ministry of Supply on Wednesday held an international tender to import 240,000 tonnes of wheat from Romania, Ukraine and…
Stocks fall amid fears of escalating violence
July 24, 2013
Stocks fall amid fears of escalating violence
Stock indices fell on the stock market Wednesday amid fears of escalating political tension that threatens to drag the country…
Stock market hits two-month high
July 22, 2013
Stock market hits two-month high
Egyptian stock indexes saw a collective rise by the end of Monday trading, with stocks hitting their highest level in…