Business
Stock market ends on high note amid increased investor optimism
December 20, 2012
Stock market ends on high note amid increased investor optimism
The Egyptian Stock Exchange rose on Thursday after the announcement of positive news related to the economy. This, combined with…
Stock market recoups earlier losses
December 20, 2012
Stock market recoups earlier losses
Egyptian stock indexes fell in early trading on Thursday, but later reversed the downward trend to end the week in…
Dubai’s largest bank to purchase BNP Paribas Egyptian arm
December 20, 2012
Dubai’s largest bank to purchase BNP Paribas Egyptian arm
Dubai lender Emirates NBD, the largest bank in Dubai, agreed to purchase the Egyptian arm of French bank BNP Paribas…
EU: No aid to Egypt before improving economy and signing IMF loan
December 19, 2012
EU: No aid to Egypt before improving economy and signing IMF loan
The European Union has said it is willing to support Egypt and the “Arab Spring” countries to achieve democracy, but…
Supply Ministry to import 180,000 tons of US wheat
December 19, 2012
Supply Ministry to import 180,000 tons of US wheat
The General Authority for Supply Commodities at the Supply Ministry conducted a new international tender on Wednesday to import 180,000…
Egypt officially becomes gas-importing country to meet demand
December 19, 2012
Egypt officially becomes gas-importing country to meet demand
Egypt has announced that it has changed from a gas-exporting to a gas importing country based on a decision issued…
Cabinet approves Islamic bonds law in principle
December 19, 2012
Cabinet approves Islamic bonds law in principle
The Cabinet during its meeting Wednesday approved in principle a draft law on sovereign Islamic bonds and decided it would…
Stock market rises on foreign investments
December 19, 2012
Stock market rises on foreign investments
The Egyptian Stock Exchange rose in early trading on Wednesday, driven by purchases of Arab and foreign investors and amid…
Tourism losing US$267 mln weekly since 25 January uprising, study shows
December 19, 2012
Tourism losing US$267 mln weekly since 25 January uprising, study shows
The tourism sector has been losing US$267 million a week since the breakout of the 25 January revolution, a study…
South Korea eyes multi-million dollar investments in Egypt
December 18, 2012
South Korea eyes multi-million dollar investments in Egypt
South Korea plans to invest US$583 million in Egypt, South Korean ambassador Young-so Kim said on Tuesday, adding that the…