Economy
Oxfam: Corporations deprive Africa of $11 billion yearly in taxes
June 2, 2015
Oxfam: Corporations deprive Africa of $11 billion yearly in taxes
Multinational companies deprive African governments of $11 billion in taxes each year, and G7 world leaders should set up a…
Chairman: Egypt’s stock exchange to move to next-day settlement soon
June 1, 2015
Chairman: Egypt’s stock exchange to move to next-day settlement soon
Egypt's stock exchange will soon move to next-day settlement of trades, the bourse chairman said on Sunday, a move that…
Cabinet to restore government ownership of Nile Cotton Ginning Company
June 1, 2015
Cabinet to restore government ownership of Nile Cotton Ginning Company
According to a Cabinet decision, the Investment Ministry may begin restoring the government ownership of the Nile Cotton Ginning Company…
Egypt’s market loses LE1.2 billion on Monday, EGX30 down 0.43%
June 1, 2015
Egypt’s market loses LE1.2 billion on Monday, EGX30 down 0.43%
Egypt's stocked market closed with lower indexes for the fifth session in a row, as the benchmark EGX30 index on…
Egypt’s petroleum exports decline 38% in March
June 1, 2015
Egypt’s petroleum exports decline 38% in March
Petroleum exports declined by 38 percent in March compared to the same month in 204, reaching LE2.216 billion, according to…
Analysts: US economy veers toward recession
June 1, 2015
Analysts: US economy veers toward recession
The U.S. economy has veered towards recession in the first quarter, as a slew of negative economic data cast gloom…
PM, electricity minister inaugurate new electricity generation units in Assiut
June 1, 2015
PM, electricity minister inaugurate new electricity generation units in Assiut
Prime Minister Ibrahim Mehleb will open on Monday three new units at the Assiut power plant, each with a capacity…
Egyptian developer Palm Hills in three deals worth $63 mn
June 1, 2015
Egyptian developer Palm Hills in three deals worth $63 mn
Palm Hills, Egypt's second-biggest listed property developer, said on Monday it had reached two land sale agreements and one land…
Emaar Misr cuts price of its Egypt IPO to $353 mn
June 1, 2015
Emaar Misr cuts price of its Egypt IPO to $353 mn
Emaar Misr, the Egyptian unit of Dubai's Emaar Properties, has scaled back the price of its listing of 600 million…
Central bank: Egypt money supply up 16.5 % in April
May 31, 2015
Central bank: Egypt money supply up 16.5 % in April
Egypt's M2 money supply was up 16.5 percent at the end of April from a year earlier, the central bank…