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Draft constitution fails to protect economic rights, experts say

Draft constitution fails to protect economic rights, experts say

In voting for or against the draft constitution this week, Egyptians are determining what principles will guide their leaders in…
Egyptian banks bring in dollars from abroad to meet local demand

Egyptian banks bring in dollars from abroad to meet local demand

Egyptian banks have resorted to drawing on balances from abroad to meeting the growing domestic demand for US currency in…
Electricity price hikes a necessity, says official; but will hit poor the hardest

Electricity price hikes a necessity, says official; but will hit poor the hardest

A recent government hike in electricity prices means Egyptians will soon be paying more to switch on a lamp or…
Stock market ends on high note amid increased investor optimism

Stock market ends on high note amid increased investor optimism

The Egyptian Stock Exchange rose on Thursday after the announcement of positive news related to the economy. This, combined with…
Stock market recoups earlier losses

Stock market recoups earlier losses

Egyptian stock indexes fell in early trading on Thursday, but later reversed the downward trend to end the week in…
Dubai’s largest bank to purchase BNP Paribas Egyptian arm

Dubai’s largest bank to purchase BNP Paribas Egyptian arm

Dubai lender Emirates NBD, the largest bank in Dubai, agreed to purchase the Egyptian arm of French bank BNP Paribas…
EU: No aid to Egypt before improving economy and signing IMF loan

EU: No aid to Egypt before improving economy and signing IMF loan

The European Union has said it is willing to support Egypt and the “Arab Spring” countries to achieve democracy, but…
Supply Ministry to import 180,000 tons of US wheat

Supply Ministry to import 180,000 tons of US wheat

The General Authority for Supply Commodities at the Supply Ministry conducted a new international tender on Wednesday to import 180,000…
Egypt officially becomes gas-importing country to meet demand

Egypt officially becomes gas-importing country to meet demand

Egypt has announced that it has changed from a gas-exporting to a gas importing country based on a decision issued…
Cabinet approves Islamic bonds law in principle

Cabinet approves Islamic bonds law in principle

The Cabinet during its meeting Wednesday approved in principle a draft law on sovereign Islamic bonds and decided it would…
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