Economy
Egypt to ban rice exports from April 4 amid shortages
April 1, 2016
Egypt to ban rice exports from April 4 amid shortages
Egypt will ban rice exports from April 4 in order to preserve stocks for the local market and to combat…
Egypt ranks 18th among world’s labor exporters: economist
March 31, 2016
Egypt ranks 18th among world’s labor exporters: economist
Egypt is the world’s 18th largest exporter of workers, according to an economics expert, with 3.4 million Egyptian workers representing…
Telecom Egypt says Vodafone Egypt to release at least US$381 mln in deferred dividends
March 31, 2016
Telecom Egypt says Vodafone Egypt to release at least US$381 mln in deferred dividends
Telecom Egypt, the state-owned landline monopoly, said it had struck a deal with Vodafone Egypt under which the mobile operator…
Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth
March 31, 2016
Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth
Egypt's government approved on Wednesday a draft state budget for 2016-17, targeting economic growth of 5-6 percent versus 4.4 percent…
Hijacked plane incident to significantly harm tourism sector: official
March 30, 2016
Hijacked plane incident to significantly harm tourism sector: official
The hijacking of an Egyptian plane from Borg al-Arab airport to Cyprus on Tuesday has set the tourism sector back…
Novartis investigating US$85 million bribery allegations in Turkey
March 30, 2016
Novartis investigating US$85 million bribery allegations in Turkey
An anonymous whistleblower has accused Swiss drugmaker Novartis (NOVN.S) of paying bribes in Turkey through a consulting firm to secure…
Trading in Telecom Egypt shares suspended: sources
March 30, 2016
Trading in Telecom Egypt shares suspended: sources
Egypt's stock exchange suspended trading of shares of Telecom Egypt, the state-owned landline monopoly, on Wednesday after the government replaced…
Stock market goes up despite hijacking of Egyptian plane
March 29, 2016
Stock market goes up despite hijacking of Egyptian plane
Egyptian stock market indices collectively increased on Tuesday despite the hijacking of an EgyptAir plane.Market capitalization gained nearly LE4 billion,…
MIDEAST STOCKS: Egypt shares rise, Saudi edges down on petrochemicals
March 29, 2016
MIDEAST STOCKS: Egypt shares rise, Saudi edges down on petrochemicals
Egypt's stock market rose broadly in early trade on Tuesday while Saudi Arabia was pulled down by petrochemical shares after…
Govt plans infrastructure investment fund: minister
March 28, 2016
Govt plans infrastructure investment fund: minister
The government is in the process of establishing a specialized fund for infrastructure investments, Planning Minister Ashraf al-Araby said on…