Business
In promised dialogue on tax laws, serious discord
January 13, 2013
In promised dialogue on tax laws, serious discord
A government-sponsored dialogue on Egypt’s controversial tax law changes turned into an airing of grievances by political party…
Government seeks average growth rate of 7 percent
January 13, 2013
Government seeks average growth rate of 7 percent
Prime Minister Hesham Qandil said the government is seeking to reach an average growth rate of 7 percent by 2022.…
Qatar’s cash deposits raise questions of political leverage over Egypt
January 13, 2013
Qatar’s cash deposits raise questions of political leverage over Egypt
The rich Gulf state of Qatar has once again made a sizeable dollar deposit into Egypt’s central bank, bringing its…
Government struggles to get a sukuk law on the books
January 10, 2013
Government struggles to get a sukuk law on the books
Officials went to the drawing board with a controversial law on sukuk , or Islamic-sanctioned bonds, that was set to…
Consumer confidence deeply shaken at end of 2012, report shows
January 10, 2013
Consumer confidence deeply shaken at end of 2012, report shows
A nationwide lack of faith in the economy was reflected in a 15.8 percent slide in the consumer confidence index…
Stock exchange loses 5.2 bln Thursday; delay in IMF loan bad for market, says analyst
January 10, 2013
Stock exchange loses 5.2 bln Thursday; delay in IMF loan bad for market, says analyst
Stock indexes fell significantly at the end of trading on Thursday, influenced by heavy selling transactions made by foreign investors…
Part of British trade mission to Egypt declines visit
January 9, 2013
Part of British trade mission to Egypt declines visit
Five companies that were supposed to be part of a British trade mission to Egypt to discuss investment opportunities have…
Central Bank: Pound fell at dollar auction
January 9, 2013
Central Bank: Pound fell at dollar auction
The pound fell at a Central Bank of Egypt auction of dollars Wednesday, the seventh such sale since it introduced…
Qatari deposit pushes stock market up by 1.08 percent
January 9, 2013
Qatari deposit pushes stock market up by 1.08 percent
The stock exchange rose Wednesday after Qatar raised its financial support to Egypt by US$5 billion.