Business
Egypt may be forced to “muddle through” without IMF
April 16, 2013
Egypt may be forced to “muddle through” without IMF
The country may struggle on for the rest of the year without an IMF loan, enduring a summer of fuel…
Stock market climbs 0.38 percent on Tuesday
April 16, 2013
Stock market climbs 0.38 percent on Tuesday
The Egyptian Stock Exchange’s main index climbed just 0.38 during trading on Tuesday, gaining 20 points to hit 5,295 points…
Egypt-Saudi Arabia trade up by 20%, says ambassador
April 15, 2013
Egypt-Saudi Arabia trade up by 20%, says ambassador
Bilateral trade between Egypt and Saudi Arabia grew by 20 percent last year in transactions worth US$30 billion, said Egyptian…
Budget deficit to near LE2 bln in 2013/14 fiscal year
April 15, 2013
Budget deficit to near LE2 bln in 2013/14 fiscal year
The budget deficit for the fiscal year 2013/14 is estimated to swell up to LE197.493, as compared to a deficit…
Visa finds positive correlation between e-payments and economic growth
April 15, 2013
Visa finds positive correlation between e-payments and economic growth
Electronic payments in Egypt are on an uptrend, and according to a recent study, this contributes directly to overall economic…
Stock market declines on Monday
April 15, 2013
Stock market declines on Monday
The Egyptian stock market declined on Monday, with its main index, EGX30, dropping by 0.48 percent to register 5275 points.…
Officials: Central Bank auction reduces black market dollar price
April 14, 2013
Officials: Central Bank auction reduces black market dollar price
A US$600 million auction proposed by the Central Bank of Egypt Sunday reduced price of dollars on the black market…