Business
Egypt’s benchmark stock index drops on fears over new unrest
July 17, 2011
Egypt’s benchmark stock index drops on fears over new unrest
Egypt’s benchmark stock index extended its decline for a third consecutive day on Tuesday, pulled lower by an escalation of…
Alex stock exchange office unaffected by protests, says official
July 17, 2011
Alex stock exchange office unaffected by protests, says official
An official source at Egypt's stock market authorities denied reports that protesters were hindering daily work at its Alexandria branch.…
EU wheat little changed, eyes on Egypt tender
July 16, 2011
EU wheat little changed, eyes on Egypt tender
MILAN - European wheat prices were flat on Friday as traders awaited the results of Egypt's tender in the afternoon, although…
European Investment Bank to give Egypt US$2.1 billion
July 15, 2011
European Investment Bank to give Egypt US$2.1 billion
The European Investment Bank will give 1.5 billion euros (US$2.1 billion) to Egypt between 2011 and 2013 for projects including…
Britain to offer Egypt US$30 million in aid
July 15, 2011
Britain to offer Egypt US$30 million in aid
Britain will offer Egypt 30 million US dollars in financial aid, Egypt's MENA news agency quoted British ambassador in Cairo…
Standard Chartered interested in Piraeus Bank’s Egypt unit
July 15, 2011
Standard Chartered interested in Piraeus Bank’s Egypt unit
ATHENS--Greece's Piraeus Bank said on Friday it had received an indication of interest in its Egyptian banking unit from Standard…
Car insurance companies mull raising premiums by 50%
July 14, 2011
Car insurance companies mull raising premiums by 50%
Ahmed Abul Enein, director of car insurance at the Misr Insurance Company, said that the Egyptian Union of Insurance Companies…
Gulf investors worried, Egypt seen pressured
July 14, 2011
Gulf investors worried, Egypt seen pressured
CAIRO/DUBAI - Gulf firms' quarterly results will take a back seat to developments in Europe as investors worry about whether…
Egypt’s Citadel to proceed with capital raise plans
July 14, 2011
Egypt’s Citadel to proceed with capital raise plans
Egyptian private equity firm Citadel Capital said on Thursday the regulator had agreed to its plans to call a shareholders'…
EgyptAir seat occupancy down 50%
July 13, 2011
EgyptAir seat occupancy down 50%
EgyptAir’s seat occupancy has fallen 50% due to political events taking place in the country, said Egyptian Civil Aviation Minister…