Business
Cabinet discuss initiative to end state of emergency
August 20, 2013
Cabinet discuss initiative to end state of emergency
Deputy Prime Minister Ziad Bahaa Eddin has said Egypt's Cabinet discussed on Tuesday an initiative to end the state of…
Muslim Brotherhood leader’s arrest boosts Egypt
August 20, 2013
Muslim Brotherhood leader’s arrest boosts Egypt
Egypt's bourse snapped a three-session losing streak on Tuesday after authorities arrested Muslim Brotherhood leader Mohamed Badie, raising hopes among…
Tourists leaving Red Sea by thousands, occupancy drops to 50%
August 20, 2013
Tourists leaving Red Sea by thousands, occupancy drops to 50%
Approximately 18,000 tourists left Hurghada International Airport on board 130 flights to Europe and Russia over the past two days,…
Minimum, maximum wage law to be submitted Wednesday
August 19, 2013
Minimum, maximum wage law to be submitted Wednesday
Minister of Manpower and Immigration Kamal Abu Eita has said that he is submitting a draft law on minimum and…
Stock market drops before Monday trading
August 19, 2013
Stock market drops before Monday trading
The Egyptian stock market’s benchmark EGX30 declined on Monday by 0.25 percent reaching 5321 points.Trading reached around LE6.564 million on 10.042…
Arab states ready to cover any cuts in aid to Egypt: Saudi Arabia
August 19, 2013
Arab states ready to cover any cuts in aid to Egypt: Saudi Arabia
Saudi Arabia said on Monday that Arab and Islamic countries will step in to help Egypt if Western nations cut aid packages to…
Railways lose LE20m since curfew enforced
August 19, 2013
Railways lose LE20m since curfew enforced
The Egyptian railways have lost LE20 million since the government announced a curfew last week as violence erupted between security…
Stock market loses LE7.4 bn amid fears of renewed violence
August 18, 2013
Stock market loses LE7.4 bn amid fears of renewed violence
Stock indices fell drastically at the end of Monday’s trading session, with an intense selling on the part of foreign…
Gulf support deals blow to Western aid threats: experts
August 18, 2013
Gulf support deals blow to Western aid threats: experts
Financial assistance bound for Egypt from several Gulf states has dealt a blow to threats by the United States and…
No compensation for businesses damaged in clashes
August 18, 2013
No compensation for businesses damaged in clashes
The majority of businesses and facilities damaged, ransacked or looted during street clashes are not entitled to compensation, an insurance…