Economy

Egypt to ban rice exports from April 4 amid shortages

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

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

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

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

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

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

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

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

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

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…
Back to top button