Business

Companies hit hard as Egypt’s stock market reopens

Companies hit hard as Egypt’s stock market reopens

The stocks of leading Egyptian companies experienced heavy losses Wednesday as trading resumed after a six-week hiatus caused by mass…
Business tycoon accused of monopolizing steel market

Business tycoon accused of monopolizing steel market

In two reports he submitted to Attorney General Abdel Meguid Mahmoud, President of the Central Auditing Organization(CAO) Gawdat al-Malt accused…
Egypt reviews natural gas contracts

Egypt reviews natural gas contracts

The Egyptian Petroleum Ministry is reviewing natural gas sale contracts in an effort to create a new policy that will…
Egypt’s stock market plunges on reopening

Egypt’s stock market plunges on reopening

Shares on Egypt’s stock exchange plunged by about 10 percent within moments of the market’s reopening Wednesday, following a nearly…
Verdict on Saudi Prince’s Toshka land contract due on 26 April

Verdict on Saudi Prince’s Toshka land contract due on 26 April

The Administrative Judicial Court will issue its verdict on 16 April on the annullment of the Toshka land contract signed…
Company exporting gas to Israel sees no reason to amend contract with Egypt govt

Company exporting gas to Israel sees no reason to amend contract with Egypt govt

A company that exports Egyptian natural gas does not see why its contract with the Egyptian government should be changed…
Company exporting gas to Israel sees no reason to amend contract with Egypt govt

Company exporting gas to Israel sees no reason to amend contract with Egypt govt

A company that exports Egyptian natural gas does not see why its contract with the Egyptian government should be changed…
Stock market to open for three hours Wednesday

Stock market to open for three hours Wednesday

Stock market transactions will begin Wednesday but will be limited to three hours daily for one week, an official source…
Egypt stock exchange to open tomorrow

Egypt stock exchange to open tomorrow

With yet another, and seemingly more realistic, stock market re-opening date, concerns are many and speculations even more. With the…
US$6.3 billion transferred out of Egypt in 2010

US$6.3 billion transferred out of Egypt in 2010

Funds amounting to US$6.3 billion were transferred out of Egypt in 2010, according to Global Financial Integrity (GFI). “Egypt is…
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