Egypt economy

After Wednesday losses, stock market starts to rally Thursday
Business

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

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

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

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

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

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

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

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

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

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…
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