Business

Out in the dark

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

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

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

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

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

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

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

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

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

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.…
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