Business
Gold sales continue to decline despite low prices
October 13, 2013
Gold sales continue to decline despite low prices
Gold prices continued to decline for the third day in a row. The 24 carat price scored LE293.70 on Friday,…
Egypt’s economic competitiveness plunges to new lows
October 12, 2013
Egypt’s economic competitiveness plunges to new lows
Political instability has caused Egypt’s economic competitiveness to tumble from 107th to 118th out of 148 countries, according to Global…
IMF official says committed to supporting Egypt during interim period
October 12, 2013
IMF official says committed to supporting Egypt during interim period
Massoud Ahmed, director of the International Monetary Fund (IMF)'s Middle East and Central Asia department, said the fund is committed…
Interim president appoints deputy governor of Central Bank of Egypt
October 5, 2013
Interim president appoints deputy governor of Central Bank of Egypt
Interim President Adly Mansour issued a presidential decree appointing Nedal al-Qassem Mohamed Assr as deputy governor of the Central Bank…
Tourism rates improved in Sharm el-Sheikh: governor
October 5, 2013
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
October 3, 2013
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
October 3, 2013
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
October 3, 2013
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
October 2, 2013
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
October 2, 2013
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…