Business
New director of Egyptian Stock Exchange appointed but not informed
September 21, 2011
New director of Egyptian Stock Exchange appointed but not informed
Prime Minister Essam Sharaf announced on Wednesday the appointment of Mohamed Omran as the new director of the Egyptian Stock…
Egyptian firms struggle as political uncertainty hits economy
September 21, 2011
Egyptian firms struggle as political uncertainty hits economy
When the chief executive officer of Mobinil, one of Egypt's largest telecommunications firms, tries to plan his budget for 2012,…
Finance minister says Egypt won’t ask for IMF, World Bank loans
September 21, 2011
Finance minister says Egypt won’t ask for IMF, World Bank loans
Egypt will not approach the International Monetary Fund (IMF) or the World Bank for loans, Finance Minister Hazem al-Beblawy said…
Egypt T-bill yields surge, foreign cash may be needed
September 21, 2011
Egypt T-bill yields surge, foreign cash may be needed
Yields at Egyptian Treasury bill auctions have hit levels last seen during the 2008 global financial crisis and traders said…
Government restructures boards of public banks
September 20, 2011
Government restructures boards of public banks
Prime Minister Essam Sharaf has issued a resolution to restructure the boards of state-owned banks on 25 September 2011 for…
Algeria says it has not yet received Djezzy valuation
September 20, 2011
Algeria says it has not yet received Djezzy valuation
Algeria's telecom ministry has not received a valuation of Orascom Telecom's mobile unit Djezzy, its single biggest source of revenue…
G8 meets to cement Arab Spring transition plan
September 20, 2011
G8 meets to cement Arab Spring transition plan
Group of Eight foreign ministers meet on the sidelines of the UN General Assembly on Tuesday to cement a framework…
IMF: Political, security uncertainty hinders Mideast growth
September 20, 2011
IMF: Political, security uncertainty hinders Mideast growth
Oil-exporting states in the Middle East will lead economic growth in the region, where pro-democracy uprisings have been pushing for…
Egypt to boost wheat imports to avert political unrest
September 20, 2011
Egypt to boost wheat imports to avert political unrest
Egypt, the world’s biggest wheat buyer, plans to boost imports this year to build domestic stockpiles and prevent future political…
Egypt bought 2.6 million tons of local wheat in 2011
September 20, 2011
Egypt bought 2.6 million tons of local wheat in 2011
Egypt bought 2.6 million tons of wheat from local producers in 2011 compared to 2.1 million tons a year earlier,…