Business
Egypt’s Elsewedy Electric to invest US$350 million in Niger
July 1, 2012
Egypt’s Elsewedy Electric to invest US$350 million in Niger
NIAMEY — Egypt's Elsewedy Electric, the Arab world's biggest listed cable maker, plans to enter Niger by investing about US$350…
Govt to accept US$1 bln loan from Islamic Development Bank
June 28, 2012
Govt to accept US$1 bln loan from Islamic Development Bank
Planning and International Cooperation Minister Fayza Abouelnaga said a US$1 billion loan from the International Islamic Trade Finance Corporation, which…
Demonstrations brought growth rate down, says Abouelnaga
June 27, 2012
Demonstrations brought growth rate down, says Abouelnaga
Planning and International Cooperation Minister Fayza Abouelnaga has said that instability and the mounting labor demonstrations represented a huge challenge…
Egypt index advances 3rd day after after Morsy’s victory
June 27, 2012
Egypt index advances 3rd day after after Morsy’s victory
Egypt's main index gains for a third day after Mohamed Morsy 's presidential victory boosted hopes for a smooth…
Stock market rises Tuesday
June 26, 2012
Stock market rises Tuesday
Egyptian stock market indices gained on Tuesday morning, encouraged by optimism following the announcement of the results from the presidential…
Egypt shares soar after Morsy named president
June 25, 2012
Egypt shares soar after Morsy named president
Egyptian shares surged more than 7 percent on Monday for their biggest daily gain in nine years after the…
Suez Canal makes US$10 million in one day after Morsy’s victory
June 25, 2012
Suez Canal makes US$10 million in one day after Morsy’s victory
The Suez Canal made US$10 million in revenues in just one day after Mohamed Morsy was announced president, said…
Stock market rises on Morsy victory
June 25, 2012
Stock market rises on Morsy victory
The stock market rose considerably on Monday, driven up by positive reactions to Muslim Brotherhood candidate Mohamed Morsy's election to…
Morsy inherits presidency as Egyptian pound is at 7-year low
June 24, 2012
Morsy inherits presidency as Egyptian pound is at 7-year low
CAIRO — Egypt's currency, the pound, weakened to its lowest against the US dollar in more than seven years on Sunday…
Egyptian pound bid at lowest in more than 7 years
June 20, 2012
Egyptian pound bid at lowest in more than 7 years
Egypt's pound was bid at 6.0507 to the US dollar on Wednesday, its weakest in more than seven years, following…