Business
Stock trading suspended during second day
March 24, 2011
Stock trading suspended during second day
Egypt's stock exchange suspended trade for half an hour, minutes after it reopened for a second day following more than…
EgyptAir loses LE700 million due to Arab unrest and Japan’s earthquake
March 23, 2011
EgyptAir loses LE700 million due to Arab unrest and Japan’s earthquake
EgyptAir Holding Company President Hussein Massoud, at a press conference on Wednesday, said the airline lost LE700 million due to…
Foreign Ministry calls on Egyptians abroad to contribute to national economy
March 23, 2011
Foreign Ministry calls on Egyptians abroad to contribute to national economy
The Foreign Ministry on Wednesday called on Egyptians living abroad to donate to the national economy via two accounts at…
Egyptian pound continues to drop against US dollar
March 23, 2011
Egyptian pound continues to drop against US dollar
The Egyptian pound continued to drop against the US dollar today after intense selling of stocks by foreign investors on…
Egypt bourse will not close again -exchange acting head
March 23, 2011
Egypt bourse will not close again -exchange acting head
Egypt's stock exchange, which re-opened on Wednesday after a seven-week closure due to political turmoil, will not close again, the…
Egypt bourse’s broad index closes down 8.95 pct
March 23, 2011
Egypt bourse’s broad index closes down 8.95 pct
The Egyptian stock exchange's broad index .EGX100 closed 8.95 percent lower on Wednesday in the first trading session since January.Many…
Companies hit hard as Egypt’s stock market reopens
March 23, 2011
Companies hit hard as Egypt’s stock market reopens
The stocks of leading Egyptian companies experienced heavy losses Wednesday as trading resumed after a six-week hiatus caused by mass…
Business tycoon accused of monopolizing steel market
March 23, 2011
Business tycoon accused of monopolizing steel market
In two reports he submitted to Attorney General Abdel Meguid Mahmoud, President of the Central Auditing Organization(CAO) Gawdat al-Malt accused…
Egypt reviews natural gas contracts
March 23, 2011
Egypt reviews natural gas contracts
The Egyptian Petroleum Ministry is reviewing natural gas sale contracts in an effort to create a new policy that will…
Egypt’s stock market plunges on reopening
March 23, 2011
Egypt’s stock market plunges on reopening
Shares on Egypt’s stock exchange plunged by about 10 percent within moments of the market’s reopening Wednesday, following a nearly…