Business
CBE: Annual inflation increases to 8.56 percent in June
July 10, 2013
CBE: Annual inflation increases to 8.56 percent in June
Annual inflation has increased to 8.56 percent, the Central Bank of Egypt (CBE) said on Wednesday. The inflation index…
Economists: Arab loans will increase currency reserves
July 10, 2013
Economists: Arab loans will increase currency reserves
Economists have said that the US$8 billion Egypt will receive in loans from Saudi Arabia and the United Arab Emirates…
Arab aid to Egypt reaches $12 billion, after Kuwait pledges $4 billion
July 10, 2013
Arab aid to Egypt reaches $12 billion, after Kuwait pledges $4 billion
KUWAIT- Kuwait will provide a $4 billion aid package to Egypt, including $2 billion as a central bank deposit, a…
Stock market rises 3.2 percent amid calmer political atmosphere
July 9, 2013
Stock market rises 3.2 percent amid calmer political atmosphere
The stock market fared well on Tuesday, prodded by the relatively calmer political atmosphere brought about by the issuing of…
Egypt pound strengthens at central bank currency sale
July 8, 2013
Egypt pound strengthens at central bank currency sale
The Egyptian pound strengthened at a central bank sale of foreign exchange on Monday, hours after violence broke out between…
Stock market down 3.5% as violence flares
July 8, 2013
Stock market down 3.5% as violence flares
Egyptian stocks saw a steep decline on Monday against the backdrop of violence between the army and supporters of the…
US stocks lower on Egypt, China concerns
July 3, 2013
US stocks lower on Egypt, China concerns
NEW YORK CITY- US stocks Wednesday looked past solid US employment data and opened lower on concerns about Egypt and…
Oil prices jump amid bloodshed in Egypt
July 3, 2013
Oil prices jump amid bloodshed in Egypt
SINGAPORE - Oil prices rose sharply in Asian trade Wednesday on growing concerns that the escalating political crisis in Egypt…
Tourism increases by 14.6 percent in May 2013
July 2, 2013
Tourism increases by 14.6 percent in May 2013
The number of tourists in May increased by 14.6 percent, reaching one million, compared to 800,000 tourists in May 2012,…
Egyptian stock market rises 4.9% after army ultimatum
July 2, 2013
Egyptian stock market rises 4.9% after army ultimatum
The Egyptian stock market was bolstered by heavy buying by Egyptian investors, earning LE11.5 billion after the Armed Forces issued…