Egypt economy
After Wednesday losses, stock market starts to rally Thursday
Business
February 7, 2013
After Wednesday losses, stock market starts to rally Thursday
Stock indexes rose slightly by the end of trading on Thursday, supported by purchases made by Egyptian and foreign investors.…
Finance Ministry: State revenues up, but so is inflation
Business
February 4, 2013
Finance Ministry: State revenues up, but so is inflation
State revenues jumped by 31 percent during the first half of the fiscal year 2012/2013, reaching LE153 billion as compared…
Stock market slumps after state of emergency decree
Business
January 28, 2013
Stock market slumps after state of emergency decree
The stock market lost LE4 billion (US$606 million) by the end of the trading day Monday as foreign traders' transactions…
IMF may postpone loan agreement by months
Business
January 24, 2013
IMF may postpone loan agreement by months
Prime Minister Hesham Qandil and International Monetary Fund (IMF) head Christine Lagarde met on Thursday to discuss the future of…
Official: Tourism should recover in 2013
Business
January 21, 2013
Official: Tourism should recover in 2013
Egypt received 11 million tourists in 2012 and aims to boost that number to 14 million in 2013. Tourism Ministry…
Islamic bonds law to be approved in days, says finance minister
Business
January 14, 2013
Islamic bonds law to be approved in days, says finance minister
The draft law on sukuk (Islamic bonds) will likely be approved by all the relevant institutions, including the Finance Ministry,…
New finance minister meets with US ambassador
Egypt
January 11, 2013
New finance minister meets with US ambassador
The country is on the road to economic recovery, thanks to the help of highly efficient economic experts who…
Government struggles to get a sukuk law on the books
Business
January 10, 2013
Government struggles to get a sukuk law on the books
Officials went to the drawing board with a controversial law on sukuk , or Islamic-sanctioned bonds, that was set to…
Consumer confidence deeply shaken at end of 2012, report shows
Business
January 10, 2013
Consumer confidence deeply shaken at end of 2012, report shows
A nationwide lack of faith in the economy was reflected in a 15.8 percent slide in the consumer confidence index…
Stock exchange loses 5.2 bln Thursday; delay in IMF loan bad for market, says analyst
Business
January 10, 2013
Stock exchange loses 5.2 bln Thursday; delay in IMF loan bad for market, says analyst
Stock indexes fell significantly at the end of trading on Thursday, influenced by heavy selling transactions made by foreign investors…