Business
Stock exchange gains LE8 billion despite Tuesday protests
December 4, 2012
Stock exchange gains LE8 billion despite Tuesday protests
Stock indexes jumped collectively Tuesday after an intense round of purchases by foreign and Arab investors, despite the “Final Warning”…
Minister: New iron import fees will drive up steel prices, but protect local industry
December 3, 2012
Minister: New iron import fees will drive up steel prices, but protect local industry
The Industry and Trade Ministry is planning to raise fees on iron imports in order to protect local industry, said…
Saudi Development Fund lends Egypt US$230 million
December 3, 2012
Saudi Development Fund lends Egypt US$230 million
Prime Minister Hesham Qandil attended the final signing ceremony of three loan agreements granted to Egypt, totaling US$230 million, from…
Finance Ministry: LE500 million sold in bonds
December 3, 2012
Finance Ministry: LE500 million sold in bonds
The Finance Ministry has sold LE500 million in 3-year treasury bonds (due to mature on 9 October 2015), it announced…
Govt prepares law on Islam-friendly bonds
December 3, 2012
Govt prepares law on Islam-friendly bonds
The Egyptian Financial Supervisory Authority has said it is drafting a new law that would allow the use of sukuk,…
PM: Government restored LE20 bn by resolving disputes with companies
December 3, 2012
PM: Government restored LE20 bn by resolving disputes with companies
The government has resolved disputes with 46 companies, gaining about LE20 billion for Egypt, Prime Minister Hesham Qandil said during…
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…