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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…
IMF spokesperson: Loan contingent on implementation of policies

IMF spokesperson: Loan contingent on implementation of policies

The IMF loan agreement Egypt reached last week with the fund’s delegation has not been directly affected by President Mohamed…
Egypt considers importing gas from Oman, Guinea

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

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

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

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

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…
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