Business
Arab Investors Union: Foreign aid cannot build an economy
June 4, 2014
Arab Investors Union: Foreign aid cannot build an economy
Ambassador Gamal al-Bayoumy, head of the Union of Arab Investors, said that more Arab aid to Egypt is helpful, he…
Egypt considers offering $750 mn, $1 bn bonds to pay dollar liabilities
June 4, 2014
Egypt considers offering $750 mn, $1 bn bonds to pay dollar liabilities
The Egyptian Finance Ministry is considering offering bonds ranging between US$750 million and US$1 billion to provide the liquidity necessary…
UAE aid package behind dollar rate decline
June 2, 2014
UAE aid package behind dollar rate decline
Hossam Naser, former vice president of the Industrial Development Bank, said the dollar exchange rate has declined due to the…
Changes intended to controversial stock tax law
June 2, 2014
Changes intended to controversial stock tax law
Lawmakers will amend controversial changes to the Egyptian stock market in a draft law that speculators feared would scare foreign…
Stock market loses LE16 bn on Sunday
June 1, 2014
Stock market loses LE16 bn on Sunday
Traders and money market experts said the 5-percent decline in the stock indices since the beginning of Sunday’s trading session…
ILO lifts Egypt’s name from short-term blacklist
May 30, 2014
ILO lifts Egypt’s name from short-term blacklist
The International Labour Organization (ILO) lifted Egypt's name from the blacklist of countries violating the rights and freedoms of laborers,…
Supply Ministry to reduce food prices ahead of Ramadan
May 30, 2014
Supply Ministry to reduce food prices ahead of Ramadan
The Minister of Supply and Internal Trade would reduce the prices of all food items produced by the Holding Company…
CAPMAS: 19% increase in average public and private sector wages
May 28, 2014
CAPMAS: 19% increase in average public and private sector wages
The Central Agency for Public Mobilization and Statistics (CAPMAS) said the average wage for males in the public and private…
Govt intends to raise fuel prices by 50%
May 28, 2014
Govt intends to raise fuel prices by 50%
A Finance Ministry official said the government intends to save LE15 billion by raising prices of certain petroleum products and…