Business
Egypt’s pound depends on political progress
March 1, 2011
Egypt’s pound depends on political progress
Egypt's new government has little time to get a credible political process in place before it risks renewed and possibly…
Reopening of Egyptian stock exchange postponed yet again
March 1, 2011
Reopening of Egyptian stock exchange postponed yet again
Egyptian stock exchange administrators decided Monday night to extend the suspension of trading until Sunday, although it had been scheduled…
Mobinil says lost US$14-17 mln during protests
February 28, 2011
Mobinil says lost US$14-17 mln during protests
Egyptian mobile operator Mobinil said on Monday it had lost around 80-100 million Egyptian pounds (US$14-17 million) during the protests…
Egypt gas to Israel to resume by 4 March
February 28, 2011
Egypt gas to Israel to resume by 4 March
New York--Egyptian gas supplies to East Mediterranean Gas and its clients in Israel are expected to resume by 4 March,…
Investors request extension to stock market closure
February 28, 2011
Investors request extension to stock market closure
The Supreme Council of the Armed Forces (SCAF) is examining demands by several stock market investors that the resumption of…
Centamin Egypt says Sukari mine exports continue
February 28, 2011
Centamin Egypt says Sukari mine exports continue
London--The mineral exploration development and mining company Centamin Egypt said it has received no notice from any Egyptian authorities regarding…
General Motors Egypt to invest $175 million as economy takes stock
February 28, 2011
General Motors Egypt to invest $175 million as economy takes stock
General Motors Egypt announced that it plans to inject the Egyptian market with new investments worth US$175 million.
Egypt bans exporting gold in effort to curb illegal wealth transfers
February 28, 2011
Egypt bans exporting gold in effort to curb illegal wealth transfers
The Minister of Trade and Industry Samir Sayyad banned the export of gold in all its forms from Sunday evening.The…
Egypt to reopen stock market on Tuesday
February 27, 2011
Egypt to reopen stock market on Tuesday
Egypt's stock exchange, closed since 27 January because of the protests that ousted President Hosni Mubarak, has decided to reopen…
Top banking official: Former regime tried to undermine banking sector
February 27, 2011
Top banking official: Former regime tried to undermine banking sector
A prominent banking official said former President Hosni Mubarak’s regime wanted to ruin Egypt's four public banks, that is the…