Business
Egypt to return US$3 bn in matured bonds to Qatar
January 23, 2014
Egypt to return US$3 bn in matured bonds to Qatar
A source at the Central Bank of Egypt said on Thursday that it will return US$3 billion in matured bonds…
Cairo Chamber of Commerce intervenes to resolve electric tool merchants crisis
January 22, 2014
Cairo Chamber of Commerce intervenes to resolve electric tool merchants crisis
Electric tool merchants in downtown Cairo threatened to stage a sit-in if the government did not remove street vendors selling…
27 countries lift travel bans to Egypt, US eases travel restrictions
January 22, 2014
27 countries lift travel bans to Egypt, US eases travel restrictions
A total of 27 countries now have lifted their travel bans to Egypt since political instability erupted this summer, said…
Mohamed El-Erian resigns from Pimco, to stay on at Allianz
January 22, 2014
Mohamed El-Erian resigns from Pimco, to stay on at Allianz
Mohamed El-Erian, long seen as the heir apparent at the world's biggest bond fund manager, is stepping down from his…
Stock market earns LE2.3 bn
January 21, 2014
Stock market earns LE2.3 bn
The main EGX30 index of the stock exchange went up by 0.7 percent on Tuesday to close at 7,086.8 points. The…
New reform package to promote financial growth
January 21, 2014
New reform package to promote financial growth
Finance Minister Ahmed Galal said in a press statement on Tuesday that the government will announce a package for new…
Minister: Tourism revenues drop 41% in 2013
January 21, 2014
Minister: Tourism revenues drop 41% in 2013
Egypt's revenues from the tourism reached US$5.9 billion in 2013, compared to $10 billion in 2012, which means that the…
Beblawy to speak at Davos Forum this week
January 20, 2014
Beblawy to speak at Davos Forum this week
On Wednesday, Prime Minister Hazem al-Beblawy will deliver a speech about the political and economic details that followed the 30…
Government mulls Golden Triangle project in Upper Egypt
January 19, 2014
Government mulls Golden Triangle project in Upper Egypt
Prime Minister Hazem al-Beblawy met with a group of ministers and governors on Sunday to tackle developments of the Golden…
Stock market loses LE6.4 bn
January 19, 2014
Stock market loses LE6.4 bn
Egyptian stock indices fell at the end of Sunday’s trading session, as the main EGX30 index fell by 1.96 percent…