Business
Egypt leaves price of currency unchanged at forex auction
May 27, 2013
Egypt leaves price of currency unchanged at forex auction
Egypt's central bank sold $38.4 million to banks in a foreign exchange auction on Monday, with the cut-off price unchanged…
UAE’s $3 bln aid for Egypt “will take time”: UAE finmin
May 25, 2013
UAE’s $3 bln aid for Egypt “will take time”: UAE finmin
The $3 billion in aid that the United Arab Emirates pledged for Egypt in 2011 will "take time" to be…
Egypt to return taxes collected from Qatar bank deal
May 25, 2013
Egypt to return taxes collected from Qatar bank deal
Egypt will refund taxes collected from Qatar National Bank 's acquisition of National Societe Generale Bank to shareholders on Sunday,…
Egypt’s EFG Hermes says Q1 net profit jumps 27 pct
May 22, 2013
Egypt’s EFG Hermes says Q1 net profit jumps 27 pct
EFG Hermes, Egypt's biggest investment bank, saw net profit jump 27 percent in the first quarter from the same period…
Central Bank offers US$800 million in exceptional auction
May 22, 2013
Central Bank offers US$800 million in exceptional auction
On Wednesday, the Central Bank of Egypt conducted an US$800 million exceptional auction, its second in the last two months,…
Egypt inflation set to climb to 10.9%, says IMF
May 21, 2013
Egypt inflation set to climb to 10.9%, says IMF
Inflation in Egypt is expected to climb to 10.9 percent this year, the highest level since 2010, the International Monetary…
Official: reconciliation with Mubarak-era businessmen would attract more investment
May 21, 2013
Official: reconciliation with Mubarak-era businessmen would attract more investment
Mohamed Omran, head of Egypt's stock market, described the government's decision to reach reconciliation settlements with businessmen as “important” and…
Final Issue: Policies of the former regime linger, much to detriment of the economy
April 25, 2013
Final Issue: Policies of the former regime linger, much to detriment of the economy
This piece was written for Egypt Independent's final weekly print edition, which was banned from going to press. We offer…
Final Issue: Problem of unemployment likely to worsen in Egypt
April 25, 2013
Final Issue: Problem of unemployment likely to worsen in Egypt
This piece was written for Egypt Independent's final weekly print edition, which was banned from going to press. We offer…
Final Issue: How one Egyptian family struggles to make ends meet amid harsh conditions
April 25, 2013
Final Issue: How one Egyptian family struggles to make ends meet amid harsh conditions
This piece was written for Egypt Independent's final weekly print edition, which was banned from going to press. We offer…