Business

Stock market ends on high note amid increased investor optimism

Stock market ends on high note amid increased investor optimism

The Egyptian Stock Exchange rose on Thursday after the announcement of positive news related to the economy. This, combined with…
Stock market recoups earlier losses

Stock market recoups earlier losses

Egyptian stock indexes fell in early trading on Thursday, but later reversed the downward trend to end the week in…
Dubai’s largest bank to purchase BNP Paribas Egyptian arm

Dubai’s largest bank to purchase BNP Paribas Egyptian arm

Dubai lender Emirates NBD, the largest bank in Dubai, agreed to purchase the Egyptian arm of French bank BNP Paribas…
EU: No aid to Egypt before improving economy and signing IMF loan

EU: No aid to Egypt before improving economy and signing IMF loan

The European Union has said it is willing to support Egypt and the “Arab Spring” countries to achieve democracy, but…
Supply Ministry to import 180,000 tons of US wheat

Supply Ministry to import 180,000 tons of US wheat

The General Authority for Supply Commodities at the Supply Ministry conducted a new international tender on Wednesday to import 180,000…
Egypt officially becomes gas-importing country to meet demand

Egypt officially becomes gas-importing country to meet demand

Egypt has announced that it has changed from a gas-exporting to a gas importing country based on a decision issued…
Cabinet approves Islamic bonds law in principle

Cabinet approves Islamic bonds law in principle

The Cabinet during its meeting Wednesday approved in principle a draft law on sovereign Islamic bonds and decided it would…
Stock market rises on foreign investments

Stock market rises on foreign investments

The Egyptian Stock Exchange rose in early trading on Wednesday, driven by purchases of Arab and foreign investors and amid…
Tourism losing US$267 mln weekly since 25 January uprising, study shows

Tourism losing US$267 mln weekly since 25 January uprising, study shows

The tourism sector has been losing US$267 million a week since the breakout of the 25 January revolution, a study…
South Korea eyes multi-million dollar investments in Egypt

South Korea eyes multi-million dollar investments in Egypt

South Korea plans to invest US$583 million in Egypt, South Korean ambassador Young-so Kim said on Tuesday, adding that the…
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