Business
Draft constitution fails to protect economic rights, experts say
December 22, 2012
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
December 21, 2012
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
December 21, 2012
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
December 20, 2012
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
December 20, 2012
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
December 20, 2012
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
December 19, 2012
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
December 19, 2012
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
December 19, 2012
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
December 19, 2012
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…