Business
Govt prepares law on Islam-friendly bonds
December 3, 2012
Govt prepares law on Islam-friendly bonds
The Egyptian Financial Supervisory Authority has said it is drafting a new law that would allow the use of sukuk,…
PM: Government restored LE20 bn by resolving disputes with companies
December 3, 2012
PM: Government restored LE20 bn by resolving disputes with companies
The government has resolved disputes with 46 companies, gaining about LE20 billion for Egypt, Prime Minister Hesham Qandil said during…
Egypt bourse to join new Pan-African Index
December 2, 2012
Egypt bourse to join new Pan-African Index
Egypt’s listed companies will join the new Pan-African Index when it goes live Monday, which will encompass 19 stock exchanges…
Carrefour in negotiations to acquire Metro and Kheir Zaman supermarkets
December 2, 2012
Carrefour in negotiations to acquire Metro and Kheir Zaman supermarkets
The French retailer Carrefour has begun negotiations to acquire Metro Markets Trading and Distribution, the retailer owned by the Egyptian…
Stock market recovers LE4 million from last week’s losses
December 2, 2012
Stock market recovers LE4 million from last week’s losses
Egyptian stock market indices rose during Sunday trading, after the Supreme Constitutional Court canceled a session to consider the legality…
1 million feddans of wheat to be cultivated within few days, agriculture ministry says
December 2, 2012
1 million feddans of wheat to be cultivated within few days, agriculture ministry says
Abbas al-Shennawi, head of the services sector at the Agriculture Ministry, said one million feddans, the remaining amount of…
Economy’s fragile economic recovery shaken by unrest
December 1, 2012
Economy’s fragile economic recovery shaken by unrest
The doors and windows of the businesses that line Tahrir Square were shuttered again one morning last week, after nearly…
Minister again postpones controversial shop closing time policy
November 30, 2012
Minister again postpones controversial shop closing time policy
A government decision to close shops at 10 pm has been postponed indefinitely. The regulation was schedule to take effect…
Stock market suffers heavy losses in November
November 29, 2012
Stock market suffers heavy losses in November
The Egyptian stock exchange suffered heavy losses during the month of November, with its Thursday session hit particularly hard by…
Egypt’s economic reform plan: Revolutionary social justice, or more of the same?
November 29, 2012
Egypt’s economic reform plan: Revolutionary social justice, or more of the same?
The details of a 10-year economic reform plan that officials say aims to make Egypt “a free and democratic civil…