Business
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…
Egypt considers importing gas from Oman, Guinea
November 26, 2012
Egypt considers importing gas from Oman, Guinea
Egypt would consider importing natural gas from Oman and Equatorial Guinea, Petroleum Minister Osama Kamal said on Monday. Kamal told…
Update: Market makes modest recovery as board meets over fluctuations
November 26, 2012
Update: Market makes modest recovery as board meets over fluctuations
A statement by the Egyptian Exchange, a copy of which was obtained by Egypt Independent, said the stock market's board had…
No closure after market plunge, further losses expected
November 25, 2012
No closure after market plunge, further losses expected
Egypt’s stock market lost LE29.3 billion of total market capitalization on Sunday, the third largest single-day drop since January 2011,…
Stock market plummets to maximum decline
November 25, 2012
Stock market plummets to maximum decline
The Egyptian Stock Market continued its downturn during the Sunday session with the main EGX30 index recording a 9.5 percent…