Business
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…
Carrefour in negotiations to acquire Metro and Kheir Zaman supermarkets
December 2, 2012
Carrefour in negotiations to acquire Metro and Kheir Zaman supermarkets
The French retailer Carrefour has begun negotiations to acquire Metro Markets Trading and Distribution, the retailer owned by the Egyptian…
Stock market recovers LE4 million from last week’s losses
December 2, 2012
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
December 2, 2012
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
December 1, 2012
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
November 30, 2012
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
November 29, 2012
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?
November 29, 2012
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
November 28, 2012
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
November 28, 2012
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,…