Business

Govt prepares law on Islam-friendly bonds

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

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

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

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

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

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

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

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

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?

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…
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