Business
Egypt considers importing gas from Oman, Guinea
November 26, 2012
Egypt considers importing gas from Oman, Guinea
Egypt would consider importing natural gas from Oman and Equatorial Guinea, Petroleum Minister Osama Kamal said on Monday. Kamal told…
Update: Market makes modest recovery as board meets over fluctuations
November 26, 2012
Update: Market makes modest recovery as board meets over fluctuations
A statement by the Egyptian Exchange, a copy of which was obtained by Egypt Independent, said the stock market's board had…
No closure after market plunge, further losses expected
November 25, 2012
No closure after market plunge, further losses expected
Egypt’s stock market lost LE29.3 billion of total market capitalization on Sunday, the third largest single-day drop since January 2011,…
Stock market plummets to maximum decline
November 25, 2012
Stock market plummets to maximum decline
The Egyptian Stock Market continued its downturn during the Sunday session with the main EGX30 index recording a 9.5 percent…
Experts fear political unrest could deal further economic blow
November 24, 2012
Experts fear political unrest could deal further economic blow
Economic experts and investors have warned that Egypt’s ongoing political instability could harm the still-fragile economy, stressing that economic indicators…
Egypt calls on Western countries to return smuggled funds
November 24, 2012
Egypt calls on Western countries to return smuggled funds
Justice Minister Ahmed Mekky called on Western countries to help the Arab people by returning money in their banks smuggled…
Franchises are on the rise, despite a rough economy
November 24, 2012
Franchises are on the rise, despite a rough economy
Egyptian shoppers are likely to see even more big-name brands gracing their malls and shopping centers in the coming years,…
Cooking with economy in Ard al-Lewa
November 22, 2012
Cooking with economy in Ard al-Lewa
Um Islam, of the informal Ard al-Lewa neighborhood in northwest Giza, knows just where to find the cheap and good-sized…
Jordanian official: Cairo compensates Amman for natural gas outages
November 21, 2012
Jordanian official: Cairo compensates Amman for natural gas outages
A Jordanian government source said on Wednesday that Egypt is currently compensating Jordan for supplying lower than agreed upon amounts…
Cabinet to remove subsidies for octane 95 gas
November 21, 2012
Cabinet to remove subsidies for octane 95 gas
The Cabinet will remove subsidies on octane 95 gasoline, International Cooperation and Planning Minister Ashraf al-Araby said Wednesday.