Business
Beltone: CIB 2013 4th quarter earnings miss estimates
February 12, 2014
Beltone: CIB 2013 4th quarter earnings miss estimates
Beltone Financial stated that Commercial International Bank (CIB) earnings were 11 percent short of their estimate on higher-than-expected provisions, yet…
30% of Egypt’s first stimulus package has been spent
February 12, 2014
30% of Egypt’s first stimulus package has been spent
After five months of adopting its first economic stimulus package, which amounted to LE29.6 billion, the interim government has expended…
Egypt debts in highest record in country’s history by 2013 end
February 12, 2014
Egypt debts in highest record in country’s history by 2013 end
Egyptian debt has reached a new high record of LE1,865 billion at the end of December 2013, up from LE1,709…
Capital market up to highest level in 45 months, earns LE4.5 bn
February 11, 2014
Capital market up to highest level in 45 months, earns LE4.5 bn
Stock indices rose collectively on Tuesday with Egyptian investors buying in contrast to Arab and foreign investors who opted to…
Supply Minister: Wheat reserve until mid-June 2014
February 10, 2014
Supply Minister: Wheat reserve until mid-June 2014
Supply Minister Mohamed Abu Shady said on Monday that the wheat reserve is sufficient to meet demand until mid-June 2014. “Egypt…
Govt agrees to disburse last tranche of textile companies’ dues
February 10, 2014
Govt agrees to disburse last tranche of textile companies’ dues
The cabinet has agreed on Monday to disburse the last tranche of dues to textile companies this week. The tranches had started…
Purchases of Egyptians push stock market indexes upward
February 9, 2014
Purchases of Egyptians push stock market indexes upward
Purchases from Egyptian investors pushed the stock market indexes upward, against the sales of Arab and foreign investors on Sunday.
Consumer confidence in economy rises 11.9%
February 9, 2014
Consumer confidence in economy rises 11.9%
A survey by the Cabinet’s Center for Information and Decision Support showed an 11.9 percent rise in the index measuring…
Banque Misr awarded 6th time
February 9, 2014
Banque Misr awarded 6th time
Banque Misr retained the title for the sixth time as the "Best Treasury & Cash Management Providers" in 2014 by…