Business
Stock market suffers collective drop
February 21, 2012
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
February 20, 2012
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
February 20, 2012
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
February 19, 2012
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
February 19, 2012
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
February 19, 2012
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
February 19, 2012
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%
February 18, 2012
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
February 16, 2012
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
February 15, 2012
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…