Business
Orascom woes weigh market down Thursday; EGX30 drops 2 percent
March 14, 2013
Orascom woes weigh market down Thursday; EGX30 drops 2 percent
A sudden drop in Orascom Construction Industries (OCI) shares on Thursday led the main EGX30 stock index to nosedive by…
Govt investigating how to continue funding energy subsidies
March 14, 2013
Govt investigating how to continue funding energy subsidies
Finance Ministry officials and representatives from the General Petroleum Corporation are currently discussing the amount of funding required to continue…
Egypt asks China to crackdown on counterfeiting
March 14, 2013
Egypt asks China to crackdown on counterfeiting
An Egyptian official is asking China to crackdown on counterfeit Chinese products being smuggled into Egypt. Atef Yacoub, chairman of…
Orascom buyout battle scars stock market
March 14, 2013
Orascom buyout battle scars stock market
A regulatory battle over an offer to buy out shareholders in Orascom Construction Industries may inflict damage on the Egyptian…
Cabinet eases limits on carrying cash to and from Egypt
March 13, 2013
Cabinet eases limits on carrying cash to and from Egypt
Egypt said on Wednesday it was easing limits on travelers bringing currency in and out of the country and said…
Government mulls regulating cement prices
March 13, 2013
Government mulls regulating cement prices
The government is mulling regulating the price of cement temporarily to promote fairness and curb price fixing.
Stock exchange sees capital market losses worth LE4.3 billion
March 13, 2013
Stock exchange sees capital market losses worth LE4.3 billion
The Egyptian Stock Exchange’s EGX30 index fell 1.61 percent, or 5.17 points, on Wednesday as unrest continues to plague the…
US to export wheat to Egypt
March 13, 2013
US to export wheat to Egypt
The United States Department of Agriculture has approved wheat exports to Egypt under a credit guarantee program, according to Ashraf…