Business
Commerce federation calls for urgent meat imports
September 17, 2013
Commerce federation calls for urgent meat imports
The Federation of Egyptian Chambers of Commerce has called on the Cabinet to take urgent action to import meat to…
Fate of fourth mobile license unclear
September 17, 2013
Fate of fourth mobile license unclear
Mobile operators have not reached a final agreement with Telecom Egypt (TE) regarding a fourth mobile license for Egypt’s landline…
CBE grants US$40 billion tender for auction
September 16, 2013
CBE grants US$40 billion tender for auction
Central Bank of Egypt (CBE) granted on Monday a tender of US$40 billion and offered it for auction to banks…
Egypt hopes to tie oil payments to production increases: minister
September 16, 2013
Egypt hopes to tie oil payments to production increases: minister
Egypt wants to encourage foreign oil companies in the country to increase exploration and production in exchange for a more…
Planning Minister: current investors are ‘heroes’
September 15, 2013
Planning Minister: current investors are ‘heroes’
Planning Minister Ashraf al-Araby said that the social justice file has not achieved any progress since the 25 January revolution,…
CBE ‘pressured’ Qatar to transfer deposit to dollar bonds, sources say
September 15, 2013
CBE ‘pressured’ Qatar to transfer deposit to dollar bonds, sources say
The US$ 3 billion deposit Egypt received from Qatar two months ago as part of an aid package has since…
Economic experts discuss changes in new constitution
September 14, 2013
Economic experts discuss changes in new constitution
It is part and parcel that any changes in Egypt’s constitution will affect businessmen, investors and business in general in…
Ministry of Finance: Total budget deficit at LE239.9bn
September 13, 2013
Ministry of Finance: Total budget deficit at LE239.9bn
Egypt's total budget deficit hit LE239.9 billion during fiscal year 2012-2013, representing 13.8 percent of the country's GDP, according to…
Stock market indexes rise collectively at end of week
September 12, 2013
Stock market indexes rise collectively at end of week
Egyptian stock market indexes collectively rose at the end of Thursday's trading session helped by Egyptian and Arab purchases. The stock…
Leftist forces: PM went back on minimum wage promise
September 12, 2013
Leftist forces: PM went back on minimum wage promise
Leaders of leftist parties have criticized Prime Minister Hazem al-Beblawy for now saying the government would not raise the minimum…