Business
Central Bank governor: Foreign reserves recession could abate by March
February 24, 2013
Central Bank governor: Foreign reserves recession could abate by March
The foreign cash reserve recession rate may decline by March, Central Bank of Egypt Governor Hesham Ramez said. The Central…
In reconciling with regime figures, officials opt for quick cash over formal trials
February 23, 2013
In reconciling with regime figures, officials opt for quick cash over formal trials
For months now, officials have been engaging in large-scale reconciliation efforts with members of the former regime accused of corruption,…
Alexandria businessman shuts factories amid dispute with workers
February 21, 2013
Alexandria businessman shuts factories amid dispute with workers
Alexandrian businessman Farag Amr announced Wednesday that he would be shutting down a number of his company's factories that produce…
Cabinet think tank: Consumer confidence up
February 21, 2013
Cabinet think tank: Consumer confidence up
The Cabinet’s think tank released a report Thursday showing consumer confidence is on the rise. According to the Information…
Suez Canal revenues drop 3.6% in first half of fiscal year
February 21, 2013
Suez Canal revenues drop 3.6% in first half of fiscal year
Suez Canal revenues fell 3.6 percent in first half of the current fiscal year versus the same period before, Planning…
EGX stocks rise slightly despite tumultuous market
February 21, 2013
EGX stocks rise slightly despite tumultuous market
The stock exchange saw its value rise slightly by end of trading Thursday, thanks in part to strong buying trends…
Saudi Arabia gives US$25 million to MENA transition fund
February 21, 2013
Saudi Arabia gives US$25 million to MENA transition fund
The Saudi Fund for Development has agreed to give US$25 million to the World Bank’s Middle East and North Africa…
Petroleum Minister: Mazut subsidies to end in three years
February 20, 2013
Petroleum Minister: Mazut subsidies to end in three years
Petroleum and Mineral Resources Minister Osama Kamal said Wednesday that the price of mazut, a fuel commonly used for industrial…
Shura Council passes Saudi loan approved by Brotherhood, rejected by Salafis
February 20, 2013
Shura Council passes Saudi loan approved by Brotherhood, rejected by Salafis
The Shura Council on Wednesday endorsed the President Mohamed Morsy’s approval of a draft loan agreement with the Saudi Fund…
Cabinet approves new law promoting reconciliation
February 20, 2013
Cabinet approves new law promoting reconciliation
The Cabinet approved an amendment Wednesday allowing defense lawyers to plea bargain for clients convicted in absentia as part of…