Business
1 million feddans of wheat to be cultivated within few days, agriculture ministry says
December 2, 2012
1 million feddans of wheat to be cultivated within few days, agriculture ministry says
Abbas al-Shennawi, head of the services sector at the Agriculture Ministry, said one million feddans, the remaining amount of…
Economy’s fragile economic recovery shaken by unrest
December 1, 2012
Economy’s fragile economic recovery shaken by unrest
The doors and windows of the businesses that line Tahrir Square were shuttered again one morning last week, after nearly…
Minister again postpones controversial shop closing time policy
November 30, 2012
Minister again postpones controversial shop closing time policy
A government decision to close shops at 10 pm has been postponed indefinitely. The regulation was schedule to take effect…
Stock market suffers heavy losses in November
November 29, 2012
Stock market suffers heavy losses in November
The Egyptian stock exchange suffered heavy losses during the month of November, with its Thursday session hit particularly hard by…
Egypt’s economic reform plan: Revolutionary social justice, or more of the same?
November 29, 2012
Egypt’s economic reform plan: Revolutionary social justice, or more of the same?
The details of a 10-year economic reform plan that officials say aims to make Egypt “a free and democratic civil…
Egypt’s renaissance bank account raises doubts
November 28, 2012
Egypt’s renaissance bank account raises doubts
During his visit to Assiut early this month, President Mohamed Morsy announced the opening of Egypt’s renaissance bank account, number…
Stock index down by 4.6% over political turmoil
November 28, 2012
Stock index down by 4.6% over political turmoil
The stock market took a steep drop Wednesday amid ongoing protests over the president's constitutional declaration. The main EGX30 index,…
IMF: Egypt must keep steady course for loan review
November 27, 2012
IMF: Egypt must keep steady course for loan review
The International Monetary Fund's board will require there is no major change in economic outlook or policy when it considers…
Stock market rebounds Tuesday after initial decline; banks near Tahrir close
November 27, 2012
Stock market rebounds Tuesday after initial decline; banks near Tahrir close
The Egyptian Stock Market index rebounded by the end of the Tuesday session, according to brokers who cited the Muslim…
IMF spokesperson: Loan contingent on implementation of policies
November 27, 2012
IMF spokesperson: Loan contingent on implementation of policies
The IMF loan agreement Egypt reached last week with the fund’s delegation has not been directly affected by President Mohamed…