Business
Africa rising: Can Egypt capitalize on its neighbors’ growth?
December 6, 2012
Africa rising: Can Egypt capitalize on its neighbors’ growth?
As Egypt struggles to recover from a period of political tumult and a two-year economic downturn, the country’s market officials…
Egypt holds crude oil tender for first quarter 2013
December 5, 2012
Egypt holds crude oil tender for first quarter 2013
The Egyptian General Petroleum Corporation launched a tender for the purchase of 6 million barrels of oil, or 2 million…
Egypt to close loan deal with African Development Bank
December 5, 2012
Egypt to close loan deal with African Development Bank
The African Development Bank has tentatively agreed to provide Egypt with US$2.5 billion over the next two years, which coincides…
Stock exchange gains LE8 billion despite Tuesday protests
December 4, 2012
Stock exchange gains LE8 billion despite Tuesday protests
Stock indexes jumped collectively Tuesday after an intense round of purchases by foreign and Arab investors, despite the “Final Warning”…
Minister: New iron import fees will drive up steel prices, but protect local industry
December 3, 2012
Minister: New iron import fees will drive up steel prices, but protect local industry
The Industry and Trade Ministry is planning to raise fees on iron imports in order to protect local industry, said…
Saudi Development Fund lends Egypt US$230 million
December 3, 2012
Saudi Development Fund lends Egypt US$230 million
Prime Minister Hesham Qandil attended the final signing ceremony of three loan agreements granted to Egypt, totaling US$230 million, from…
Finance Ministry: LE500 million sold in bonds
December 3, 2012
Finance Ministry: LE500 million sold in bonds
The Finance Ministry has sold LE500 million in 3-year treasury bonds (due to mature on 9 October 2015), it announced…
Govt prepares law on Islam-friendly bonds
December 3, 2012
Govt prepares law on Islam-friendly bonds
The Egyptian Financial Supervisory Authority has said it is drafting a new law that would allow the use of sukuk,…
PM: Government restored LE20 bn by resolving disputes with companies
December 3, 2012
PM: Government restored LE20 bn by resolving disputes with companies
The government has resolved disputes with 46 companies, gaining about LE20 billion for Egypt, Prime Minister Hesham Qandil said during…
Egypt bourse to join new Pan-African Index
December 2, 2012
Egypt bourse to join new Pan-African Index
Egypt’s listed companies will join the new Pan-African Index when it goes live Monday, which will encompass 19 stock exchanges…