Business
Egyptian banks decline Central Bank offer for repos
July 19, 2011
Egyptian banks decline Central Bank offer for repos
Egypt's central bank said not a single bank took up its offer for US$1 billion in seven-day repurchase agreements in…
Ezz Steel full-year net profit pulled down by costs
July 19, 2011
Ezz Steel full-year net profit pulled down by costs
Egypt's Ezz Steel Co reported a 53 percent drop in full-year 2010 net profit on Tuesday after surging costs outweighed…
Steel rebar prices increased 11.8% in June
July 18, 2011
Steel rebar prices increased 11.8% in June
Steel rebar prices increased by 11.8% in June, reaching an average of LE5257 per ton, compared to just LE4699 at…
Islamist parties search for economic footing
July 18, 2011
Islamist parties search for economic footing
Unlike liberals, leftist or social democratic political parties, their Islamist counterparts are hardly defined by their economic perspective. Religious parties…
Egypt’s benchmark stock index drops on fears over new unrest
July 17, 2011
Egypt’s benchmark stock index drops on fears over new unrest
Egypt’s benchmark stock index extended its decline for a third consecutive day on Tuesday, pulled lower by an escalation of…
Alex stock exchange office unaffected by protests, says official
July 17, 2011
Alex stock exchange office unaffected by protests, says official
An official source at Egypt's stock market authorities denied reports that protesters were hindering daily work at its Alexandria branch.…
EU wheat little changed, eyes on Egypt tender
July 16, 2011
EU wheat little changed, eyes on Egypt tender
MILAN - European wheat prices were flat on Friday as traders awaited the results of Egypt's tender in the afternoon, although…
European Investment Bank to give Egypt US$2.1 billion
July 15, 2011
European Investment Bank to give Egypt US$2.1 billion
The European Investment Bank will give 1.5 billion euros (US$2.1 billion) to Egypt between 2011 and 2013 for projects including…
Britain to offer Egypt US$30 million in aid
July 15, 2011
Britain to offer Egypt US$30 million in aid
Britain will offer Egypt 30 million US dollars in financial aid, Egypt's MENA news agency quoted British ambassador in Cairo…
Standard Chartered interested in Piraeus Bank’s Egypt unit
July 15, 2011
Standard Chartered interested in Piraeus Bank’s Egypt unit
ATHENS--Greece's Piraeus Bank said on Friday it had received an indication of interest in its Egyptian banking unit from Standard…