Business
Stock market extends gains on formation of new govt
August 1, 2012
Stock market extends gains on formation of new govt
Egypt's benchmark extended gains on Wednesday after most names in the new government were made public, raising hopes among investors…
Chamber of Commerce criticizes Industry Ministry nominees
July 31, 2012
Chamber of Commerce criticizes Industry Ministry nominees
The head of the Federation of the Egyptian Chambers of Commerce, Ahmed al-Wakil, said that he would inform President Mohamed…
Greece’s Piraeus Bank halts sale of Egyptian unit
July 31, 2012
Greece’s Piraeus Bank halts sale of Egyptian unit
Greece's fourth-largest lender, Piraeus Bank, has halted the sale of its Egyptian subsidiary valued at over US$200 million, the bank…
Stock market stops trading on Ezz steel shares
July 31, 2012
Stock market stops trading on Ezz steel shares
The Egyptian stock market froze trading on shares of Ezz Steel Tuesday until the company responds to the stock market’s…
PM appointment causes stock market slump
July 25, 2012
PM appointment causes stock market slump
The stock market slumped for a second day on investor skepticism of the political and economic experience of Egypt's new…
Consumer confidence drops 0.7% in June, says state agency
July 22, 2012
Consumer confidence drops 0.7% in June, says state agency
Consumer confidence decreased by about 7 percent during June, said a monthly report by the Information and Decision Support Center.…
Ramadan consumer frenzy curtailed by anxious retailers and unsure consumers
July 21, 2012
Ramadan consumer frenzy curtailed by anxious retailers and unsure consumers
Soheir Salem, a housewife and mother of four, walked out to the markets last Friday looking to buy her…
British Gas announces new finding in Red Sea
July 19, 2012
British Gas announces new finding in Red Sea
The Petroleum Ministry said that the British Gas Company made a commercial gas finding in the Red Sea that has…
Don’t destroy beach tourism, Morsy told
July 18, 2012
Don’t destroy beach tourism, Morsy told
AIN SOKHNA — The beanbag chair decorated with Pharaonic-era rulers that Waleed displays has found another use since passing business…
Tourism rises in first half of 2012
July 17, 2012
Tourism rises in first half of 2012
Tourism Minister Mounir Fakhry Abdel Nour on Tuesday said that the number of tourists in Egypt during the first six…