Business
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…
Ministry expectes LE300 bn worth of investments next year
March 12, 2013
Ministry expectes LE300 bn worth of investments next year
Minister of Planning and International Cooperation Ashraf al-Araby said that the volume of governmental and private investments is expected to…
IMF: Emergency loan an option for Egypt
March 11, 2013
IMF: Emergency loan an option for Egypt
The International Monetary Fund said Monday that it could provide an emergency short-term loan to Egypt if needed, as…