Business

Egypt’s rice export ban only benefits smugglers

Egypt’s rice export ban only benefits smugglers

  Smugglers in the Middle East are enjoying an unlikely moneyspinner — illegal medium grain rice. Shoppers across the Gulf,…
Parliament calls for incorporation of private funds in state budget

Parliament calls for incorporation of private funds in state budget

A report issued on Monday by the People’s Assembly Budget and Planning Committee called for incorporating private funds into the…
Finance Ministry withdraws LE1.3 billion from budget reserve

Finance Ministry withdraws LE1.3 billion from budget reserve

The Finance Ministry has decided to increase state budget allocations for the current fiscal year with LE1.3 billion from the…
Egyptian stocks fall 2% Sunday

Egyptian stocks fall 2% Sunday

The main index in the Egyptian Stock Exchange lost 2 percent on Sunday after the death of Pope Shenouda III…
Egyptian Resorts posts narrower full-year loss

Egyptian Resorts posts narrower full-year loss

Real estate company Egyptian Resorts posted a narrower full-year loss, helped by new revenue from its Sawari project on the…
IMF chief: Global economy on recovery path, risks remain

IMF chief: Global economy on recovery path, risks remain

BEIJING —The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the…
IMF mission to visit Egypt Monday

IMF mission to visit Egypt Monday

An International Monetary Fund mission will begin a four-day visit to Egypt on Monday to meet with government leaders, after…
Draft law threatens independent unions, but workers vow to fight

Draft law threatens independent unions, but workers vow to fight

A new draft law introduced in Parliament threatens to dissolve the independent trade unions that have sprung up in various…
Stock market recovers as political tension eases, IMF team plans visit for next week

Stock market recovers as political tension eases, IMF team plans visit for next week

Egyptian stocks rallied on Wednesday after their biggest losing streak in months created fresh buying opportunities. The stock exchange had…
Five airlines at Cairo airport cancel flights for lack of passengers

Five airlines at Cairo airport cancel flights for lack of passengers

Five airline companies operating out of Cairo International Airport canceled their flights Wednesday due to an absence of passengers, airport…
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