Business
Egypt upheaval mars hopes of end to economic woes
July 13, 2013
Egypt upheaval mars hopes of end to economic woes
Egypt's shattered economy was boosted this week by Gulf allies pledging billions of dollars in aid, but analysts say this…
Egypt may convert Gulf funds into bonds
July 12, 2013
Egypt may convert Gulf funds into bonds
LONDON - Egypt could convert part of the USD12bn of loans and grants pledged by Gulf nations this week into…
Egypt’s GASC says unlikely to buy wheat soon
July 12, 2013
Egypt’s GASC says unlikely to buy wheat soon
Egypt, the world's largest importer of wheat, is unlikely to buy soon due to the increase in prices and availability…
CBE: Annual inflation increases to 8.56 percent in June
July 10, 2013
CBE: Annual inflation increases to 8.56 percent in June
Annual inflation has increased to 8.56 percent, the Central Bank of Egypt (CBE) said on Wednesday. The inflation index…
Economists: Arab loans will increase currency reserves
July 10, 2013
Economists: Arab loans will increase currency reserves
Economists have said that the US$8 billion Egypt will receive in loans from Saudi Arabia and the United Arab Emirates…
Arab aid to Egypt reaches $12 billion, after Kuwait pledges $4 billion
July 10, 2013
Arab aid to Egypt reaches $12 billion, after Kuwait pledges $4 billion
KUWAIT- Kuwait will provide a $4 billion aid package to Egypt, including $2 billion as a central bank deposit, a…
Stock market rises 3.2 percent amid calmer political atmosphere
July 9, 2013
Stock market rises 3.2 percent amid calmer political atmosphere
The stock market fared well on Tuesday, prodded by the relatively calmer political atmosphere brought about by the issuing of…
Egypt pound strengthens at central bank currency sale
July 8, 2013
Egypt pound strengthens at central bank currency sale
The Egyptian pound strengthened at a central bank sale of foreign exchange on Monday, hours after violence broke out between…
Stock market down 3.5% as violence flares
July 8, 2013
Stock market down 3.5% as violence flares
Egyptian stocks saw a steep decline on Monday against the backdrop of violence between the army and supporters of the…
US stocks lower on Egypt, China concerns
July 3, 2013
US stocks lower on Egypt, China concerns
NEW YORK CITY- US stocks Wednesday looked past solid US employment data and opened lower on concerns about Egypt and…