Business
Custom duties on cars hit US$1 million in 11 months
January 8, 2014
Custom duties on cars hit US$1 million in 11 months
The Customs Department announced on Wednesday that 104,800 cars have been imported from January to November of last year, with…
HSBC: Egypt may see economic progress in 2014
January 7, 2014
HSBC: Egypt may see economic progress in 2014
Egypt is seeing encouraging signs, showing promise of economic progress in 2014, after losing ground over the past three years, according…
Firms submit RFPs for Suez Canal development project
January 7, 2014
Firms submit RFPs for Suez Canal development project
On Wednesday, fourteen local and foreign consulting firms will begin submitting request for proposals for the Suez Canal axis development…
Stock market loses LE2 bn
January 6, 2014
Stock market loses LE2 bn
The main EGX30 index of the stock exchange fell 0.76 percent on Monday to close at 6,801.33 points. The small and…
Egypt’s foreign reserve down by US$700 mn in December
January 6, 2014
Egypt’s foreign reserve down by US$700 mn in December
Egypt’s reserve of foreign currency dropped by nearly US$700 million in December, a high-profile source at the banking sector revealed. That…
Official: Size of second stimulus to be determined
January 6, 2014
Official: Size of second stimulus to be determined
Momtaz al-Saeed, a member of the National Investment Bank, affirmed that the value of the second stimulus package has yet…
Egyptian-Qatari Business Council works on reducing political tension
January 5, 2014
Egyptian-Qatari Business Council works on reducing political tension
Moharam Hilal, a member of the Egyptian-Qatari Business Council, said the council is is working on reducing political tension between…
Industrialists mobilize to vote for the Constitution
January 5, 2014
Industrialists mobilize to vote for the Constitution
Walid Helal, chairman of the Export Council for Chemicals, said Egyptian industrialists support the constitution because it fulfills their aspirations…
Deficit in balance of trade down by 72% in September
January 5, 2014
Deficit in balance of trade down by 72% in September
The deficit in the September 2013 trade balance declined by 28 percent to reach LE67.12 billion, compared to LE93.18 billion in…
Egyptian stock market expected to rise 40% in 2014
January 5, 2014
Egyptian stock market expected to rise 40% in 2014
Economists and financial experts predict the Egyptian Stock Exchange will perform better in the year 2014, possibly making gains of…