Business
Out in the dark
August 5, 2012
Out in the dark
“We won’t pay!” is the name of a campaign launched by the Socialist Popular Alliance on Thursday to persuade citizens…
Qandil’s economic appointments maintain status quo in weakened govt
August 3, 2012
Qandil’s economic appointments maintain status quo in weakened govt
As Prime Minister Hesham Qandil was unveiling the new Cabinet, unrest ensued in parts of the country. One person died…
New Cabinet no quick fix for flailing economy
August 2, 2012
New Cabinet no quick fix for flailing economy
As Egypt's first permanent government since the overthrow of Hosni Mubarak took shape on Wednesday, the first names to emerge…
Egypt accepts World Bank loan criticized by Salafis
August 1, 2012
Egypt accepts World Bank loan criticized by Salafis
The World Bank has agreed to give Egypt a loan of US$200 million to fund the upgrade of sanitation and…
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.…