Business
Egypt’s rice export ban only benefits smugglers
March 19, 2012
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
March 19, 2012
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
March 18, 2012
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
March 18, 2012
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
March 18, 2012
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
March 18, 2012
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
March 16, 2012
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
March 14, 2012
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
March 14, 2012
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
March 14, 2012
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…