Business
Egypt to push ahead with smart cards for gasoline
July 29, 2013
Egypt to push ahead with smart cards for gasoline
The new Egyptian government will press ahead with a smart card program for distributing fuel products that its predecessor had…
Stock market falls for a fourth straight day
July 29, 2013
Stock market falls for a fourth straight day
The Egyptian stock market continued to fall for a fourth consecutive session and its benchmark index EGX30 dropped by 0.58…
Egypt’s new finance minister plans stimulus, not austerity
July 25, 2013
Egypt’s new finance minister plans stimulus, not austerity
Egypt interim government will seek to avoid major austerity measures and instead work to stimulate the economy by improving security…
IMF says still not talking to Egypt’s interim government
July 25, 2013
IMF says still not talking to Egypt’s interim government
WASHINGTON - The International Monetary Fund said on Thursday it will not engage in talks about a possible $4.8 billion…
Supply Ministry to import 240,000 tonnes of wheat
July 24, 2013
Supply Ministry to import 240,000 tonnes of wheat
The Ministry of Supply on Wednesday held an international tender to import 240,000 tonnes of wheat from Romania, Ukraine and…
Stocks fall amid fears of escalating violence
July 24, 2013
Stocks fall amid fears of escalating violence
Stock indices fell on the stock market Wednesday amid fears of escalating political tension that threatens to drag the country…
Stock market hits two-month high
July 22, 2013
Stock market hits two-month high
Egyptian stock indexes saw a collective rise by the end of Monday trading, with stocks hitting their highest level in…
Egypt economy chiefs vow to ease shortages, cautious on reform
July 18, 2013
Egypt economy chiefs vow to ease shortages, cautious on reform
Economic ministers in Egypt's new military-backed government are pledging to ease shortages and make it easier for factories to operate,…
UAE transfers US$ 3 billion to Egypt
July 18, 2013
UAE transfers US$ 3 billion to Egypt
Central Bank of Egypt (CBE) Governor Hesham Ramez said the United Arab Emirates on Thursday transferred US$3 billion to the…
Airlines cancel, combine flights to Cairo as occupancy drops 30%
July 17, 2013
Airlines cancel, combine flights to Cairo as occupancy drops 30%
Passenger traffic dropped by 30 percent of capacity at Cairo airport, prompting airlines to cancel or combine flights, while the…