Business
Egypt keeps interest rates unchanged at 8.25%
July 21, 2011
Egypt keeps interest rates unchanged at 8.25%
Egypt’s central bank kept its benchmark interest rate at the lowest level in more than four years with the aim…
Egyptian stocks slip on non-Arab selling
July 21, 2011
Egyptian stocks slip on non-Arab selling
For the third day in a row, Egypt's main index was in the red on Thursday on non-Arab selling, traders…
Egypt’s Eastern Co. profit falls 26 pct to $105 million
July 21, 2011
Egypt’s Eastern Co. profit falls 26 pct to $105 million
Egypt's Eastern Company posted a net profit of LE631 million (US$105.9 million) for the full year to the end of…
Through transition, Central Bank seeks stability, maintains secrecy
July 21, 2011
Through transition, Central Bank seeks stability, maintains secrecy
The events of the past six months have shaken Egypt’s economy, drying up tourism and leaving international investors leery. But…
Egypt shares mixed, OCI gains and TMG dips
July 20, 2011
Egypt shares mixed, OCI gains and TMG dips
Egypt shares are mixed, with the index's biggest firm, Orascom Construction Industries (OCI), gaining as it begins a stock buy-back…
Egyptians still ‘willing to migrate’ post-Mubarak, study finds
July 20, 2011
Egyptians still ‘willing to migrate’ post-Mubarak, study finds
Nearly half of Egyptians between the ages of 19 and 29 are “willing to migrate” abroad, a recent survey by…
Govt abolishes Ministry of Investment and privatization program
July 19, 2011
Govt abolishes Ministry of Investment and privatization program
The government has cancelled its controversial privatization program, ordering the formation of a committee which will be charged with reviewing…
Egypt’s Finance Minister does not rule out return to IMF
July 19, 2011
Egypt’s Finance Minister does not rule out return to IMF
Egypt's finance minister-designate told Reuters on Tuesday that the government was committed to a market economy and to creating an…
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…