Business
Stocks fall collectively, main index down by 0.31%
December 2, 2013
Stocks fall collectively, main index down by 0.31%
Egypt’s stock market abandoned its morning gains by the end of Monday’s session with stocks falling collectively, prompted by sales…
Central Bank returns US$500 million deposit to Qatar
December 1, 2013
Central Bank returns US$500 million deposit to Qatar
A senior official from the Finance Ministry said that the central bank is returning a US$500 million deposit to Qatar…
Saudi Arabia will provide Egypt with US$5 billion package
December 1, 2013
Saudi Arabia will provide Egypt with US$5 billion package
A senior official at the Ministry of Finance said Saudi Arabia would offer a new aid package to Egypt worth…
Kuwait Fund delegation in Cairo to discuss supporting Egypt
December 1, 2013
Kuwait Fund delegation in Cairo to discuss supporting Egypt
A delegation from the Kuwait Fund for Arab Economic Development arrived in Cairo on Saturday evening to discuss a new…
Stock exchange indexes drop collectively Thursday
November 28, 2013
Stock exchange indexes drop collectively Thursday
The stock exchange indexes dropped collectively by the end of Thursday session, hitting the largest weekly loss since last June,…
24 Silos to be built, would save LE 3 billion on bread
November 27, 2013
24 Silos to be built, would save LE 3 billion on bread
Attiya Hammad, head of the bakeries division within Cairo Chamber of Commerce, said the government intends to build 25 new…
Government fails to convince private sector to apply minimum wage
November 27, 2013
Government fails to convince private sector to apply minimum wage
The government failed to negotiate with the private sector to implement a LE 1200 minimum wage system for its workers,…
Stock market continues loses LE 4.8 billion on Tuesday
November 26, 2013
Stock market continues loses LE 4.8 billion on Tuesday
Stock indexes continued its losses on Tuesday, for the third day in a row, amid selling by Arab and foreign…
Layoffs of Egyptians in Saudi Arabia will add to unemployment crisis: embassy official
November 26, 2013
Layoffs of Egyptians in Saudi Arabia will add to unemployment crisis: embassy official
Labor attache at the Egyptian Embassy in Saudi Arabia Mohamed Bahaa Eddin called on Egypt to intervene with Saudi authorities…
Government source: Gulf attempts to persuade Egypt to resume negotiations with IMF
November 25, 2013
Government source: Gulf attempts to persuade Egypt to resume negotiations with IMF
Some Gulf countries have recently tried to persuade the government to go back to negotiations with the IMF on a…