economy

Egyptian stock exchange gains 1%
Business

Egyptian stock exchange gains 1%

The Egyptian stock market gained a meager 1 percent Thursday as a wave of buying by Egyptian and Arab investors…
Experts predict 14% annual inflation rate
Business

Experts predict 14% annual inflation rate

Local experts expect annual inflation rates to soon hit 14 percent due to a recent rise in foodstuff prices by…
CASE regains LE15 million since Monday crash
Business

CASE regains LE15 million since Monday crash

The Cairo and Alexandria Stock Exchange (CASE) Wednesday regained some LE8.8 million, bringing total gains to LE15 million since Monday,…
Rachid: local economy “survived global crisis”
Business

Rachid: local economy “survived global crisis”

Trade and Industry Minister Rachid Mohamed Rachid said on Tuesday that the global financial crisis was coming to an end…
Tourist numbers don’t add up
Business

Tourist numbers don’t add up

This year could have been a banner year for Egyptian tourism. Cairo International Airport's new Terminal 3 opened in April,…
Cash reserve

Cash reserve

Financial position of brokers is good, says stock market official
Business

Financial position of brokers is good, says stock market official

The status of security brokers is good, although they carried out funding operations over the past period. And the credit…
Spinning factory sale thwarted
Business

Spinning factory sale thwarted

The state-owned Spinning and Weaving Holding Company and the National Investment Bank (NIB) issued orders forbidding the Misr-Iran Spinning and…
Boutros-Ghali: Economy Grew 4.7% Despite Crisis
Business

Boutros-Ghali: Economy Grew 4.7% Despite Crisis

Finance Minister Youssef Boutros-Ghali said that LE15 billion injected into the local economy as part of an "economic incentive" program…
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