Business
Tougher punishments introduced for butane gas storehouses: governors
November 7, 2013
Tougher punishments introduced for butane gas storehouses: governors
Egyptian governors will introduce deterrents, including fines and tougher prison sentences, to stop warehouses manipulating the distribution of butane gas. Those…
Is the worst over for Egypt’s economy?
November 6, 2013
Is the worst over for Egypt’s economy?
Could Egypt’s economy be on the road to recovery? Some indicators suggest this might be the case.
Egypt returned Qatari deposit on 1 November: CBE source
November 5, 2013
Egypt returned Qatari deposit on 1 November: CBE source
Egypt returned a US$500 million deposit to Qatar on 1 November, according to an official source at the Central Bank…
Stock market gains LE1 billion on Monday
November 4, 2013
Stock market gains LE1 billion on Monday
Stock indexes went up at the end of Monday trading session, rising with the help of purchases by foreign investors,…
Egypt sees a drop in millionaires during Morsy
November 3, 2013
Egypt sees a drop in millionaires during Morsy
The number of millionaires in Egypt fell by around 3,000 during Morsy’s one-year rule, according to Credit Suisse Research Institute’s…
Stock market indices rise by trading’s close
November 3, 2013
Stock market indices rise by trading’s close
Egyptian stock market indices rose collectively by the close of Sunday trading. The stock market's benchmark EGX30 index rose by 0.08…
Government mulls raising income tax bracket by 30%
November 1, 2013
Government mulls raising income tax bracket by 30%
A senior official of the Finance Ministry has said that the government is considering increasing taxes on annual incomes of…
Cabinet plans to improve telecommunications services in Sinai
October 31, 2013
Cabinet plans to improve telecommunications services in Sinai
Egypt's Cabinet is overseeing an overhaul of telecommunications services in the Sinai Peninsula.The Ministry of Communications and the National Telecommunications…
Arab and foreign investors purchases pushes stock market upward
October 30, 2013
Arab and foreign investors purchases pushes stock market upward
Stock indexes rose collectively by the end of the Wednesday trading session, as a result of increasing purchases by foreign…