Business

Tourism rates improved in Sharm el-Sheikh: governor

Tourism rates improved in Sharm el-Sheikh: governor

Major General Khaled Fouda, governor of South Sinai, has claimed that tourism in Sharm el-Sheikh is starting to pick up…
Foreign reserves decline by US$207 million by end of September

Foreign reserves decline by US$207 million by end of September

Egypt’s foreign reserves declined by US$207 million by the end of September, reaching $18.7 billion, the Central Bank of Egypt…
Stock market achieves limited gains Thursday

Stock market achieves limited gains Thursday

The stock market’s benchmark index EGX-30 rose by 0.5 percent reaching 5726.22 points Thursday.  The small and medium-sized index EGX70 declined…
CBE offers US$40 million within 111th tender

CBE offers US$40 million within 111th tender

Central Bank of Egypt (CBE) offered on Thursday US$40 million as the 111th tender for foreign currency for banks. CBE sold…
13 countries now eased travel bans to Egypt: minister

13 countries now eased travel bans to Egypt: minister

Tourism Minister Hisham Zaazou has said that 13 countries have now lifted travel bans to Egypt. The latest two countries, Austria…
Stock market shares lose LE700 million

Stock market shares lose LE700 million

 Egyptian stock market indexes had varied results at the end of Wednesday’s trading session. The indexes were helped by foreign…
New mandatory pricing list: a merchant’s nightmare

New mandatory pricing list: a merchant’s nightmare

The interim government has threatened imposing a so-called “mandatory pricing list” on merchants to fight soaring commodity prices and merchants’…
Stock market earns LE2.4 billion in day’s trading

Stock market earns LE2.4 billion in day’s trading

Stock indices went up collectively by the end of Tuesday’s trading amid intensive purchases by foreign investors against sales byArab…
Egypt’s debts to foreign oil companies reach US$6.2 billion: minister

Egypt’s debts to foreign oil companies reach US$6.2 billion: minister

Minister of Petroleum and Mineral Resources Sherif Ismail has announced that Egypt's debts to foreign companies reached US$6.2 billion by…
Consumer Protection Agency: ‘tariffication is illegal’

Consumer Protection Agency: ‘tariffication is illegal’

A number of consumer protection agencies called on Supply Minister Mohamed Abu Shady to go back on a decision to…
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