Business
Stock market value up LE2.8 bn Thursday
January 31, 2013
Stock market value up LE2.8 bn Thursday
The local stock market made some gains on Thursday from yesterday's session, with the main EGX30 index up .55 percent.…
Minister: consultations with IMF continue
January 31, 2013
Minister: consultations with IMF continue
Egypt's consultations with the International Monetary Fund is on-going at all levels, said Finance Minister Morsy Hegazy said on Thursday,…
Minister looks to revitalize mineral exploitation
January 31, 2013
Minister looks to revitalize mineral exploitation
Minister of Petroleum and Mineral Resources Osama Kamal said Egypt is using only five percent of its mineral resources due…
Suez Canal fees to increase in May
January 31, 2013
Suez Canal fees to increase in May
The Suez Canal Authority said Thursday it would increase fees up to 5 percent for the vital waterway as of…
In a difficult economy, tech startups offer hope
January 31, 2013
In a difficult economy, tech startups offer hope
In an economic environment that is both short on capital and optimism, a small but hardy group of startup enterprises…
Morsy says he sees economy growing 5.5 percent in 2014
January 30, 2013
Morsy says he sees economy growing 5.5 percent in 2014
President Mohamed Morsy said during a visit to Germany Wednesday that he hoped for economic growth of 5.5 percent next…
As new Central Bank governor, Ramez has big shoes to fill
January 30, 2013
As new Central Bank governor, Ramez has big shoes to fill
President Mohamed Morsy’s decision to appoint Hesham Ramez as the new Central Bank of Egypt chief in January was unsurprising…
Fitch downgrades Egypt sovereign rating, could cut further
January 30, 2013
Fitch downgrades Egypt sovereign rating, could cut further
NEW YORK — Fitch Ratings cut Egypt's sovereign credit rating Wednesday one notch, to B from B-plus, citing a wider…
IMF loan negotiations continue despite violence
January 30, 2013
IMF loan negotiations continue despite violence
Finance Minister Morsy Hegazy said on Wednesday that talks with the International Monetary Fund are progressing, despite violence plaguing several…
Curfew, unrest is bad news for Canal cities’ business
January 29, 2013
Curfew, unrest is bad news for Canal cities’ business
Businesses remained open on Monday night in Suez, Ismailia, and Port Said, in defiance of curfew from 9 pm to…