Business

Stock market recovers LE4 million from last week’s losses

Stock market recovers LE4 million from last week’s losses

  Egyptian stock market indices rose during Sunday trading, after the Supreme Constitutional Court canceled a session to consider the legality…
1 million feddans of wheat to be cultivated within few days, agriculture ministry says

1 million feddans of wheat to be cultivated within few days, agriculture ministry says

  Abbas al-Shennawi, head of the services sector at the Agriculture Ministry, said one million feddans, the remaining amount of…
Economy’s fragile economic recovery shaken by unrest

Economy’s fragile economic recovery shaken by unrest

The doors and windows of the businesses that line Tahrir Square were shuttered again one morning last week, after nearly…
Minister again postpones controversial shop closing time policy

Minister again postpones controversial shop closing time policy

A government decision to close shops at 10 pm has been postponed indefinitely. The regulation was schedule to take effect…
Stock market suffers heavy losses in November

Stock market suffers heavy losses in November

The Egyptian stock exchange suffered heavy losses during the month of November, with its Thursday session hit particularly hard by…
Egypt’s economic reform plan: Revolutionary social justice, or more of the same?

Egypt’s economic reform plan: Revolutionary social justice, or more of the same?

The details of a 10-year economic reform plan that officials say aims to make Egypt “a free and democratic civil…
Egypt’s renaissance bank account raises doubts

Egypt’s renaissance bank account raises doubts

During his visit to Assiut early this month, President Mohamed Morsy announced the opening of Egypt’s renaissance bank account, number…
Stock index down by 4.6% over political turmoil

Stock index down by 4.6% over political turmoil

The stock market took a steep drop Wednesday amid ongoing protests over the president's constitutional declaration. The main EGX30 index,…
IMF: Egypt must keep steady course for loan review

IMF: Egypt must keep steady course for loan review

The International Monetary Fund's board will require there is no major change in economic outlook or policy when it considers…
Stock market rebounds Tuesday after initial decline; banks near Tahrir close

Stock market rebounds Tuesday after initial decline; banks near Tahrir close

The Egyptian Stock Market index rebounded by the end of the Tuesday session, according to brokers who cited the Muslim…
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