Business

Saudi proposal to protect foreign investments

Saudi proposal to protect foreign investments

Abdullah Bin Mahfouz, president of the Saudi-Egyptian Business Council, said that a senior Saudi delegation proposed a law to the…
‘Buy Egyptian’ exhibit open for 10 days

‘Buy Egyptian’ exhibit open for 10 days

The ‘Buy Egyptian’ exhibition started on Thursday in Nasr City and will last until 28 Dec. Organizers said they hope the…
Business organizations say LE30 billion not enough to stimulate economy

Business organizations say LE30 billion not enough to stimulate economy

Egyptian business experts, investors and organizations argue that the government must increase the proposed stimulus package for it to make…
Stock market gains LE500 million

Stock market gains LE500 million

The main EGX30 index saw a slight increase at the close of Wednesday's trading session with a 0.06 percent jump,…
Egypt’s economy grows only 1% in first quarter

Egypt’s economy grows only 1% in first quarter

Planning and International Cooperation Minister Ashraf al-Araby said that Egypt’s economy did not grow much during the first quarter of…
Egypt expands economic stimulus plan

Egypt expands economic stimulus plan

Egypt plans to spend around LE30 billion (US$4.36 billion) in a second stimulus package to be launched in January, 25…
Stocks earn LE 3.4 billion, main index up by 1.14 percent

Stocks earn LE 3.4 billion, main index up by 1.14 percent

Egyptian stock market indexes moved up collectively with the closure of Tuesday’s session, prompted by optimism among Egyptian and Arab…
Tourism rates up in November: Hesham Zaazou

Tourism rates up in November: Hesham Zaazou

Tourism Minister Hesham Zaazou said on Tuesday that November witnessed an increase in Egypt's tourism rates. Around 573,000 tourists arrived…
Swiss Attorney General cannot set a date to refund frozen Egyptian funds

Swiss Attorney General cannot set a date to refund frozen Egyptian funds

Swiss Attorney General Michael Lauber said on Monday that he cannot give a specific date on when frozen Egyptian assets…
US group to increase investments in Egypt by US$300 mil: Ministry

US group to increase investments in Egypt by US$300 mil: Ministry

Investment Minister Osama Saleh received delegation of the US Improved Petroleum Recovery (IPR) group to discuss desire to increase investments…
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