Business
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…
CBE grants US$40 million tender for auction
November 25, 2013
CBE grants US$40 million tender for auction
The Central Bank of Egypt (CBE) offered on Monday a tender of US$40 million for auction to banks operating in…
Turkish deposit at CBE governed by 5-year agreement: government source
November 25, 2013
Turkish deposit at CBE governed by 5-year agreement: government source
Federation of Egyptian Industries Chief Mohamed al-Seweidy said the federation will submit a request to the Trade and Industry Ministry…
Egypt suspends rice exports until further notice
November 25, 2013
Egypt suspends rice exports until further notice
Egypt suspended rice exports less than a week after issuing licences to sell the grain abroad, the head of the…
Stock market loses LE800 million
November 24, 2013
Stock market loses LE800 million
Stock indices went down on Friday, affected by sales of foreign investors and purchases of Arab and Egyptian investors. The main…
Egypt-Turkey Business Council calls for separating between political, economic issues
November 24, 2013
Egypt-Turkey Business Council calls for separating between political, economic issues
Egypt-Turkey Business Council has called for separating political and economic issues between the two countries, adding that trade relations between…
Armed forces to develop railways at LE4.7 billion, says cabinet
November 23, 2013
Armed forces to develop railways at LE4.7 billion, says cabinet
Cabinet has assigned the armed forces’ engineering authority to conduct industrial work for 27 bridges and tunnels at costs of…
Petroleum ministry mulls increasing gas price to foreign partners to encourage excavation
November 23, 2013
Petroleum ministry mulls increasing gas price to foreign partners to encourage excavation
Petroleum Minister Sherif Ismail has said that signing more agreements on excavation tops the sector priorities, adding that new tenders…