Business

Egypt relies on Gulf aid for economy: Then what?

Egypt relies on Gulf aid for economy: Then what?

Egypt is engaged in a high stakes gamble, using billions of dollars from Gulf Arab allies to stimulate the economy and keep its…
Abu Dhabi bank chief says Egypt must develop base of economy

Abu Dhabi bank chief says Egypt must develop base of economy

In order to reach its potential, Egypt must first develop the base of its economy, which currently lacks raw materials…
Egypt signs five new oil excavation deals

Egypt signs five new oil excavation deals

Egypt’s Minister of Petroleum Sherif Ismail has signed five new deals for petroleum excavation in West Ghazalat in the Western…
Market capital up LE3 billion

Market capital up LE3 billion

Stock indices rose marginally by the end of Thursday’s trading session, as investors took profits made from Wednesday’s strong rise. The…
Tougher punishments introduced for butane gas storehouses: governors

Tougher punishments introduced for butane gas storehouses: governors

Egyptian governors will introduce deterrents, including fines and tougher prison sentences, to stop warehouses manipulating the distribution of butane gas. Those…
Is the worst over for Egypt’s economy?

Is the worst over for Egypt’s economy?

Could Egypt’s economy be on the road to recovery? Some indicators suggest this might be the case.
Egypt returned Qatari deposit on 1 November: CBE source

Egypt returned Qatari deposit on 1 November: CBE source

Egypt returned a US$500 million deposit to Qatar on 1 November, according to an official source at the Central Bank…
Stock market gains LE1 billion on Monday

Stock market gains LE1 billion on Monday

Stock indexes went up at the end of Monday trading session, rising with the help of purchases by foreign investors,…
Egypt sees a drop in millionaires during Morsy

Egypt sees a drop in millionaires during Morsy

The number of millionaires in Egypt fell by around 3,000 during Morsy’s one-year rule, according to Credit Suisse Research Institute’s…
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