Business
Stock exchange closes down US$1.6 billion
November 18, 2012
Stock exchange closes down US$1.6 billion
The Egyptian stock exchange fell sharply at the close of trading Sunday, losing about LE10 billion (US$1.6 billion), the largest…
Investor: Butane cylinders to be distributed by coupons next month
November 18, 2012
Investor: Butane cylinders to be distributed by coupons next month
The Egyptian government has said it will start applying a coupon system for the distribution of butane gas cylinders next…
Egypt government offers Turkey new investment opportunities
November 18, 2012
Egypt government offers Turkey new investment opportunities
The Egyptian government trumpeted new investment opportunities in housing at an Egyptian-Turkish business forum attended by the prime ministers of…
Only 10% of registered stock investors are active, says expert
November 18, 2012
Only 10% of registered stock investors are active, says expert
Only 10 percent of registered investors in the stock market are active traders, the head of a prominent stock brokerage…
Electricity prices haven’t changed since 2008, minister says
November 18, 2012
Electricity prices haven’t changed since 2008, minister says
Electricity prices have not changed since 2008, the electricity and energy minister said Sunday. Electricity and Energy Minister Mahmoud Saad…
Making financial literacy fun, in a largely unbanked Egypt
November 16, 2012
Making financial literacy fun, in a largely unbanked Egypt
The comic book begins much as would be expected: Marvel comics’ the Avengers and Spiderman assemble to battle a villain…
IMF mission stays for more loan negotiations
November 14, 2012
IMF mission stays for more loan negotiations
The Central Bank announced Wednesday that an International Monetary Fund delegation is staying in Cairo for several more days to…
In lifting 95-octane subsidy, government takes small bite out of deficit
November 14, 2012
In lifting 95-octane subsidy, government takes small bite out of deficit
The Egyptian government has announced that it will lift the subsidy on 95-octane gasoline in the coming week, taking the…
In anti-IMF march, austerity fears and economic disillusion
November 13, 2012
In anti-IMF march, austerity fears and economic disillusion
Several hundred protesters gathered on Monday evening outside the stock exchange building in downtown Cairo and marched to the headquarters…
Update: Political groups stage march against IMF loan
November 12, 2012
Update: Political groups stage march against IMF loan
A number of political groups staged a march Monday evening from the Egyptian Stock Exchange building in downtown Cairo to…