23 Dec 2012
The Central Bank of Egypt has been making headlines recently, not least of which due to the dire state of the country’s foreign reserves and the looming currency devaluation.
It’s the news of a possible change in the top post...
22 Dec 2012
In voting for or against the draft constitution this week, Egyptians are determining what principles will guide their leaders in governing the country’s already ailing economy in the coming period, and beyond.
The draft, since it was...
21 Dec 2012
A recent government hike in electricity prices means Egyptians will soon be paying more to switch on a lamp or an air conditioner; a rise which will likely mean higher prices for many other goods and services.
The price increase has been...
12 Dec 2012
Egyptian officials have asked to postpone a request for a US$4.8 loan from the International Monetary Fund, loan officials said Tuesday, derailing a lengthy process of negotiating that began soon after the uprising against former President...
06 Dec 2012
As Egypt struggles to recover from a period of political tumult and a two-year economic downturn, the country’s market officials are looking south and west to their rapidly growing African neighbors to inject new capital into the...
02 Dec 2012
Egypt’s listed companies will join the new Pan-African Index when it goes live Monday, which will encompass 19 stock exchanges from across the continent, according to Mohamed Omran, EGX chairman.
The index launch will coincide with...
01 Dec 2012
The doors and windows of the businesses that line Tahrir Square were shuttered again one morning last week, after nearly seven days of clashes between protesters and security forces downtown had killed at least three.
On a street nearby,...
29 Nov 2012
The details of a 10-year economic reform plan that officials say aims to make Egypt “a free and democratic civil state,” in which “all citizens enjoy human dignity,” were released by the Cabinet on Wednesday.
28 Nov 2012
During his visit to Assiut early this month, President Mohamed Morsy announced the opening of Egypt’s renaissance bank account, number 333/333, and called upon “repentant” businessmen to donate some of the money they...
24 Nov 2012
Egyptian shoppers are likely to see even more big-name brands gracing their malls and shopping centers in the coming years, as international and domestic franchises continue to spread during the country’s current economic slowdown....