Business
With headquarters’ move, Egypt Exchange disconnects from heart of the city
April 17, 2012
With headquarters’ move, Egypt Exchange disconnects from heart of the city
When officials cut the ribbon in front of the doors of the new headquarters for the Egyptian Exchange on 12…
LE114 billion to be allocated for subsidizing petrol in the new budget
April 17, 2012
LE114 billion to be allocated for subsidizing petrol in the new budget
Executive director of the Egyptian General Petroleum Corporation (EGPC) Hani Dahi said subsidies allocated for petroleum products will jump to…
Finance Ministry to offer LE2.5 bn in reopened bonds
April 17, 2012
Finance Ministry to offer LE2.5 bn in reopened bonds
The Finance Ministry will offer LE2.5 billion (US$414.1 million) in reopened bonds at an auction on 23 April, the Central…
Brotherhood businessman urges business to play role in development
April 15, 2012
Brotherhood businessman urges business to play role in development
One month after the regime of former President Hosni Mubarak fell, in March 2011, Hassan Malek was released from jail.…
Muslim Brotherhood to launch chain store
April 14, 2012
Muslim Brotherhood to launch chain store
Investors affiliated with the Muslim Brotherhood plan to launch a chain store in two months, which they expect to acquire…
Tourism declines 28.6% in January 2012
April 12, 2012
Tourism declines 28.6% in January 2012
The number of tourists visiting Egypt has dropped by 28.6 percent in January 2012 in comparison to last year, according…
SCAF-amended investment law used to reconcile Shebin El Kom
April 12, 2012
SCAF-amended investment law used to reconcile Shebin El Kom
A controversial law on investment pushed through by the ruling military council in January is being used to reconcile a…
Finance minister expects to get IMF loan by end-June
April 12, 2012
Finance minister expects to get IMF loan by end-June
Egypt's government expects to seal a loan from the International Monetary Fund by 15 May, allowing the money to be…
France Telecom finalizes terms of Mobinil buyout
April 12, 2012
France Telecom finalizes terms of Mobinil buyout
PARIS/CAIRO — France Telecom has finalized a deal to buy most of its partner's stake in Egyptian mobile operator Mobinil…
IMF loan stalled by FJP and government politicking
April 11, 2012
IMF loan stalled by FJP and government politicking
Amid the commotion surrounding Egypt's presidential elections and the drafting of a new constitution, the Muslim Brotherhood has taken its…