Business

Benchmark index jumps 4.7 percent after Morsy takes office

Benchmark index jumps 4.7 percent after Morsy takes office

The benchmark index jumped 4.7 percent in the first few minutes of trading on Monday after newly elected President Mohamed…
Is the govt covering up the cause of the fuel shortage?

Is the govt covering up the cause of the fuel shortage?

Egypt has been in the grips of an on-again, off-again fuel shortage for over a year now, with massive lines…
Egypt’s Elsewedy Electric to invest US$350 million in Niger

Egypt’s Elsewedy Electric to invest US$350 million in Niger

NIAMEY — Egypt's Elsewedy Electric, the Arab world's biggest listed cable maker, plans to enter Niger by investing about US$350…
Govt to accept US$1 bln loan from Islamic Development Bank

Govt to accept US$1 bln loan from Islamic Development Bank

Planning and International Cooperation Minister Fayza Abouelnaga said a US$1 billion loan from the International Islamic Trade Finance Corporation, which…
Demonstrations brought growth rate down, says Abouelnaga

Demonstrations brought growth rate down, says Abouelnaga

Planning and International Cooperation Minister Fayza Abouelnaga has said that instability and the mounting labor demonstrations represented a huge challenge…
Egypt index advances 3rd day after after Morsy’s victory

Egypt index advances 3rd day after after Morsy’s victory

  Egypt's main index gains for a third day after Mohamed Morsy 's presidential victory boosted hopes for a smooth…
Stock market rises Tuesday

Stock market rises Tuesday

Egyptian stock market indices gained on Tuesday morning, encouraged by optimism following the announcement of the results from the presidential…
Egypt shares soar after Morsy named president

Egypt shares soar after Morsy named president

  Egyptian shares surged more than 7 percent on Monday for their biggest daily gain in nine years after the…
Suez Canal makes US$10 million in one day after Morsy’s victory

Suez Canal makes US$10 million in one day after Morsy’s victory

  The Suez Canal made US$10 million in revenues in just one day after Mohamed Morsy was announced president, said…
Stock market rises on Morsy victory

Stock market rises on Morsy victory

The stock market rose considerably on Monday, driven up by positive reactions to Muslim Brotherhood candidate Mohamed Morsy's election to…
Back to top button