Business
Egyptian delegation in Brazil to promote tourism
June 24, 2014
Egyptian delegation in Brazil to promote tourism
Tourism Minister Hisham Zaazou has assigned a delegation from the Tourism Ministry and the Egyptian Tourism Authority to prepare an…
CBE opens new account to support Egyptian economy
June 24, 2014
CBE opens new account to support Egyptian economy
Central Bank of Egypt Governor Hesham Ramez said a new account dubbed Long Live Egypt 037037 has been opened to…
Sisi not happy with budget deficit
June 24, 2014
Sisi not happy with budget deficit
President Abdel Fattah Sisi said he was not happy with the projected deficit in the new draft budget for the…
Stock market ends Monday in red zone
June 23, 2014
Stock market ends Monday in red zone
Stock indices ended Monday’s trading session ins the red zone with the exception of the small and medium enterprises index.
Tax Authority: We will not reevaluate stock market tax decision
June 23, 2014
Tax Authority: We will not reevaluate stock market tax decision
Tax Authority Chairman Mostafa Abdel Qadir said the capital gains and cash dividends tax of the stock market, which was…
PM says not reforming subsidy system is treason
June 23, 2014
PM says not reforming subsidy system is treason
Prime Minister Ibrahim Mehleb said on Sunday that the Egyptian government is determined to carry out financial and economic reform. "The…
5 Egyptian companies to establish retail stores in African capitals
June 22, 2014
5 Egyptian companies to establish retail stores in African capitals
A consortium of five Egyptian companies started putting the final touches to a joint venture to develop trade exchange between…
Dollar exchange rate stabilizes
June 20, 2014
Dollar exchange rate stabilizes
The dollar exchange rate has stabilized by the end of last week at LE7.14 for buying and LE7.17 for selling,…
Stock market loses 15 bn
June 20, 2014
Stock market loses 15 bn
Stock indices tumbled and the market capital lost LE15.2 billion in the week the new cabinet was sworn in. The main…
Stock market loses LE3.3 bn
June 19, 2014
Stock market loses LE3.3 bn
Stock indices fell at the end of Thursday’s trading session as Arab and foreign investors tended to sell and Egyptian…