Business
Egyptian companies freeze investments in Syria
September 2, 2013
Egyptian companies freeze investments in Syria
Egyptian officials said a number of Egyptian companies have frozen investments and activities in Syria due to the deteriorating security…
Number of foreign workers in Egypt declining
September 1, 2013
Number of foreign workers in Egypt declining
The total number of foreigners working in the private sector and investment in Egypt has declined during 2012 to reach…
$2 billion UAE aid package to Egypt by the end of Crown Prince visit
September 1, 2013
$2 billion UAE aid package to Egypt by the end of Crown Prince visit
The Crown Prince of Abu Dhabi and Defense Minister Mohammed bin Zayed Al Nahyan has held a series of meetings…
Market capitalization up by LE1.4 billion Sunday
September 1, 2013
Market capitalization up by LE1.4 billion Sunday
The Egyptian stock indexes rose by the end of Sunday backed by purchases by Arab and Egyptian investors. The market capitalization…
Grocers protest shortage in supply commodities
September 1, 2013
Grocers protest shortage in supply commodities
Dozens of subsidized supply goods distributors staged a protest on Sunday outside the Food Industries Holding Company over the delivery…
Egypt preparing timetable for energy debts
September 1, 2013
Egypt preparing timetable for energy debts
Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies operating in the country,…
In Syria, try banks before bombs
August 30, 2013
In Syria, try banks before bombs
As President Barack Obama weighs the U.S. response to chemical weapons attacks against Syrian civilians, one soft power option should…
CBE denies Brotherhood figures have accounts in banks
August 29, 2013
CBE denies Brotherhood figures have accounts in banks
A source from the Central Bank of Egypt (CBE) said most Brotherhood figures’ assets are being invested outside the bank…
Stock market dips 4% amid Syria fears
August 29, 2013
Stock market dips 4% amid Syria fears
Egypt’s stock market marked a four-percent decline on Thursday by end of trading, amid expectations of a potential military strike…
LE22.353 billion added to investment budget as an urgent measure
August 29, 2013
LE22.353 billion added to investment budget as an urgent measure
The cabinet will begin implementing an urgent economic program in September to revive the Egyptian economy over a period of…