Business

Egypt’s fuel shortages demonstrate perfect storm of economic pressures

Egypt’s fuel shortages demonstrate perfect storm of economic pressures

Long lines at gas stations and electricity blackouts have become a part of everyday life for most Egyptians in the…
Market falls amid OCI travel ban, new regulations

Market falls amid OCI travel ban, new regulations

The main index of the Egyptian stock market fell by a whopping 2.30 percentage points on Monday, the biggest losses…
57.5% of Egyptians do not make ends meet: Govt survey

57.5% of Egyptians do not make ends meet: Govt survey

A survey of Cabinet’s Information and Decision Support Center (IDSC) has shown that the incomes of 57.5 percent of Egyptian…
Egypt bans OCI founder, chairperson from travel

Egypt bans OCI founder, chairperson from travel

The prosecutor general’s office placed a travel ban on the founder of Orascom Constructions Industries Onsi Sawiris and his son,…
Stock market slightly rises at end of trading

Stock market slightly rises at end of trading

Egypt’s stock market rose slightly by the end of trading Sunday, the first session of the week, reversing the significant…
Egypt finance minister expects IMF loan before elections

Egypt finance minister expects IMF loan before elections

Finance Minister Morsy Hegazy said Sunday he expected his government to reach an agreement with the International Monetary Fund on…
Labor dispute resolution makes little headway for Ain Sokhna Port workers

Labor dispute resolution makes little headway for Ain Sokhna Port workers

Workers at Ain Sokhna Port returned to work last week, bringing to an end a two-week strike that resulted in…
Hours after 19 tourists die in Luxor, Tourism Ministry touts high tourist numbers in January

Hours after 19 tourists die in Luxor, Tourism Ministry touts high tourist numbers in January

Just hours after 19 tourists died in Luxor in a hot air balloon crash, the Tourism Ministry released a report…
EGX shares market value falls LE700 million

EGX shares market value falls LE700 million

Shares were down overall by the end of trading Thursday on the Egyptian Stock Exchange. The EGX30, the exchange’s main…
Egypt hopes for IMF deal by late April, minister says

Egypt hopes for IMF deal by late April, minister says

Egypt hopes to conclude a deal with the International Monetary Fund for a $4.8 billion loan by the end of…
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