Business
Foreign investment losses estimated at US$7.5 billion
April 3, 2011
Foreign investment losses estimated at US$7.5 billion
Central Bank Governor Farouk al-Oqda has estimated the total foreign investment withdrawn from Egyptian treasury bonds and bills between 20…
Egyptian stocks advance after 22% plunge
April 3, 2011
Egyptian stocks advance after 22% plunge
Egypt stocks climbed to the highest level since January, led by Six of October Development & Investment (OCDI) Co., on…
Suez Canal disrupted as ship runs aground
April 3, 2011
Suez Canal disrupted as ship runs aground
Traffic through Egypt's Suez Canal was disrupted after a 42,000-ton container ship ran aground on Sunday due to engine failure,…
Industry Ministry examines overturning gold export ban
April 3, 2011
Industry Ministry examines overturning gold export ban
The Ministry of Industry and Foreign Trade is considering removing the current export ban on gold after economic and political…
Egypt’s stock exchange fails to freeze assets of former officials
April 2, 2011
Egypt’s stock exchange fails to freeze assets of former officials
The assets of many former officials have not been frozen, said Mohamed Abdel Salam, interim head of Egypt's stock exchange,…
LE100 million for the employment of Egyptian returnees from Libya
April 2, 2011
LE100 million for the employment of Egyptian returnees from Libya
LE100 million has been allocated to enable the employment of Egyptians who have returned from Libya since violence broke out…
Campaign calls for canceling Egypt’s debts amid credit rating downgrade
March 31, 2011
Campaign calls for canceling Egypt’s debts amid credit rating downgrade
In an effort to ease its US$35 billion debt load, Egypt is hoping to change loan conditions and salvage the…
Export ban on gold could increase smuggling, exporters warn
March 31, 2011
Export ban on gold could increase smuggling, exporters warn
Gold exporters and manufacturers warn that offshore smuggling might increase if an export ban imposed by the Ministry of Industry…
Tourism Ministry calls on US to lift travel ban to Egypt
March 30, 2011
Tourism Ministry calls on US to lift travel ban to Egypt
Egypt’s Tourism Minister Mounir Fakhry Abdel Nour called on the United States to lift its no-travel recommendations for Egypt. During…
Finance ministry to present budget before end of March
March 29, 2011
Finance ministry to present budget before end of March
The Finance Ministry has completed the projected state budget for the 2011/2012 fiscal year, and will present it to the…