economy

Dealmaking back in fashion, as CEOs buy growth
Business

Dealmaking back in fashion, as CEOs buy growth

Davos, Switzerland--The manic dealmaking of the years before the financial crisis may be some way off, but acquisitions were certainly…
Sudanese beef on the way to Egypt
Egypt

Sudanese beef on the way to Egypt

The Sudanese Ministry of Animal Resources and Fisheries has announced that it will export approximately 2000 tons of beef to…
17,000 new taxis hit streets
Business

17,000 new taxis hit streets

Finance Minister Youssef Boutros-Ghali announced Wednesday that 17,000 new taxis had recently been delivered to their owners within the context…
Stock market rebounds after profit taking
Business

Stock market rebounds after profit taking

Egypt's stock exchange climbed 1.5 percent Wednesday, with 135 company shares increasing in value and 26 decreasing in a day…
Egypt seeks China investment to offset trade deficit
Business

Egypt seeks China investment to offset trade deficit

Shanghai -- According to sources at the Egyptian Investment Ministry, Minister Mahmoud Mohi Eddin plans to discuss Egypt's growing trade…
EBA founds Nile Basin investment company
Business

EBA founds Nile Basin investment company

The Egyptian Businessmen's Association (EBA) recently established the Egyptian-African Company for Investment and Development, which aims to support private-sector investment…
Experts: New tax bill won’t affect real estate market
Business

Experts: New tax bill won’t affect real estate market

Lobna Reda, managing director of real estate development company IGI, said Tuesday that the real estate tax draft law currently…
US aid diverted towards ‘minority rights’
Egypt

US aid diverted towards ‘minority rights’

The United States Agency for International Development (USAID) has decided to redirect funds earmarked for Egyptian NGOs working against the…
Yielding to minister’s threats, cement firms reduce prices
Business

Yielding to minister’s threats, cement firms reduce prices

After raising per-ton cement prices last week--in a move largely seen as unjustified--local cement companies Thursday retracted the decision after…
Local cement firms raise prices in unison
Business

Local cement firms raise prices in unison

Local cement companies increased their per-ton prices Wednesday by between LE15 and LE22. Some observers believe the move represents a…
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