Business

Fluctuating stock market closes on slight rise

Fluctuating stock market closes on slight rise

Stock exchange trading fluctuated significantly Thursday due to sales by Egyptian and foreign investors, but stabilized by the end of…
Advocacy group rejects government’s IMF-pleasing reform plan

Advocacy group rejects government’s IMF-pleasing reform plan

A coalition of economists, activists and academics are condemning the government’s economic reform plan put forward by the Ministry of…
People’s Assembly to investigate stalled Saudi investments

People’s Assembly to investigate stalled Saudi investments

After meeting with Saudi businessmen Wednesday, the People’s Assembly plans to form a committee to investigate stalled Saudi investment projects…
Poultry and fish price hikes follow foot-and-mouth disease epidemic

Poultry and fish price hikes follow foot-and-mouth disease epidemic

The current rise in poultry prices is due to the prevalence of infectious bronchitis (IB) in birds, which is killing…
Egypt unlikely to hit 2012 investment target

Egypt unlikely to hit 2012 investment target

Egypt is unlikely to lure the foreign investment it hoped for this year as nervous overseas businesses spend small following…
Egypt’s rice export ban only benefits smugglers

Egypt’s rice export ban only benefits smugglers

  Smugglers in the Middle East are enjoying an unlikely moneyspinner — illegal medium grain rice. Shoppers across the Gulf,…
Parliament calls for incorporation of private funds in state budget

Parliament calls for incorporation of private funds in state budget

A report issued on Monday by the People’s Assembly Budget and Planning Committee called for incorporating private funds into the…
Finance Ministry withdraws LE1.3 billion from budget reserve

Finance Ministry withdraws LE1.3 billion from budget reserve

The Finance Ministry has decided to increase state budget allocations for the current fiscal year with LE1.3 billion from the…
Egyptian stocks fall 2% Sunday

Egyptian stocks fall 2% Sunday

The main index in the Egyptian Stock Exchange lost 2 percent on Sunday after the death of Pope Shenouda III…
Egyptian Resorts posts narrower full-year loss

Egyptian Resorts posts narrower full-year loss

Real estate company Egyptian Resorts posted a narrower full-year loss, helped by new revenue from its Sawari project on the…
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