Business
Finance Ministry provides additional funding for wheat, petroleum subsidies
May 30, 2012
Finance Ministry provides additional funding for wheat, petroleum subsidies
Finance Minister Momtaz al-Saeed decided to provide the Ministry of Supply and Internal Trade with LE1 billion to disburse payments…
Stock exchange continues decline on election anxieties
May 29, 2012
Stock exchange continues decline on election anxieties
Egypt's benchmark share index dropped 1.1 percent to a six-week low after an arson attack on the headquarters of…
Central Bank demands restructuring of energy subsidies
May 29, 2012
Central Bank demands restructuring of energy subsidies
The deputy governor of the Central Bank of Egypt has called for the restructuring of energy subsidies, which are a…
Defense Ministry approves tender for gas exploration in Mediterranean
May 27, 2012
Defense Ministry approves tender for gas exploration in Mediterranean
The Petroleum Ministry has obtained approval from the Defense Ministry for the Egyptian Natural Gas Holding Company (GASCO) to…
France Telecom acquires 94% of Egypt’s Mobinil
May 27, 2012
France Telecom acquires 94% of Egypt’s Mobinil
France Telecom acquired 94 percent of Egyptian mobile phone company Mobinil in a tender offer, Egypt's stock exchange said on…
Stock exchange has largest 1-day decline in 2 months on election concerns
May 27, 2012
Stock exchange has largest 1-day decline in 2 months on election concerns
Egypt's stock exchange made its largest one-day decline in two months on concerns over the presidential election outcome, while most…
Egypt buys 1.1 mn tons of local wheat, supply ministry says
May 22, 2012
Egypt buys 1.1 mn tons of local wheat, supply ministry says
ABU DHABI — Egypt has bought 1.1 million tons of local wheat so far in the 2011/2012 season despite diesel shortages…
EU wants free trade negotiations to follow Egypt election
May 17, 2012
EU wants free trade negotiations to follow Egypt election
An annual European Union report issued Wednesday urged Egypt to reach a fair trade agreement similar to those the bloc…
IMF calls on Egypt to solve economic problems that led to revolution
May 16, 2012
IMF calls on Egypt to solve economic problems that led to revolution
The International Monetary Fund on Tuesday called on Egypt to “look beyond the short term” and to address the economic…
New budget sets 4% growth target
May 14, 2012
New budget sets 4% growth target
The government aims to achieve a growth rate of between 4 and 4.5 percent during the 2012/2013 fiscal year, said…