Business

Stock market suffers collective drop

Stock market suffers collective drop

Egyptian stock market indexes on Tuesday dipped collectively amid sales by foreign institutions and investment funds. Stocks lost nearly LE5.4…
Political upheaval takes toll on Mobinil

Political upheaval takes toll on Mobinil

Egyptian mobile phone operator Mobinil posted a quarterly net loss of LE177 million, blaming political turmoil in the wake of…
Four months of solitude: Beblawy book recalls frustrations in government

Four months of solitude: Beblawy book recalls frustrations in government

Working in Egypt’s transitional government under the stewardship of the Supreme Council of the Armed Forces is no easy task,…
Iran plans US$5 bln worth of investments in Egypt

Iran plans US$5 bln worth of investments in Egypt

Experts said a number of joint projects between Egypt and Iran would bring in Iranian investments worth US$5 billion to…
Stock exchange at 7-month high as Egypt to accept US$3.2 bln IMF loan in March

Stock exchange at 7-month high as Egypt to accept US$3.2 bln IMF loan in March

Egypt's stock exchange hit a seven-month high after the finance minister said it will sign a US$3.2 billion loan agreement…
Egypt to offer US$500 mln in 1-year T-bills

Egypt to offer US$500 mln in 1-year T-bills

The Central Bank said on Sunday it would offer $500 million in dollar-denominated 1-year treasury bills at an auction on…
Egypt to sign IMF loan next month, minister says

Egypt to sign IMF loan next month, minister says

Egypt expects to sign a US$3.2 billion loan agreement with the International Monetary Fund next month and will receive one-third…
Egypt’s unemployment rate rises to 12.4%

Egypt’s unemployment rate rises to 12.4%

Egypt's fourth quarter unemployment rate rose by two percentage points from the previous quarter, the government’s statistics office said on…
Egypt’s GASC buys 180,000 tons US wheat

Egypt’s GASC buys 180,000 tons US wheat

Egypt, the world's largest wheat importer, has bought 180,000 tons of US soft red winter wheat for 11-20 April shipment…
Steel and cement prices rise in January

Steel and cement prices rise in January

The prices of steel and Portland cement rose in January by around 2 percent and 11 percent, respectively, compared to…
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