Business

Arab Investors Union: Foreign aid cannot build an economy

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

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

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

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

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

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

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

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%

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…
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