Business
European countries may freeze Mubarak’s assets abroad
February 13, 2011
European countries may freeze Mubarak’s assets abroad
A British government minister said on Sunday that there should be an international approach to dealing with the overseas assets…
CBE lengthens money-transfer period to prevent capital flight
February 13, 2011
CBE lengthens money-transfer period to prevent capital flight
The Central Bank of Egypt (CBE) has lengthened the time period required for the transfer of large amounts of money…
Egyptian bank EFG-Hermes says Mubarak stake minor
February 13, 2011
Egyptian bank EFG-Hermes says Mubarak stake minor
Egyptian investment bank EFG-Hermes said on Sunday that Gamal Mubarak's stake in the bank was limited to an 18 percent…
Stock Exchange to freeze shares of officials banned from travel
February 13, 2011
Stock Exchange to freeze shares of officials banned from travel
The Egyptian Stock Exchange today froze all stocks belonging to former ministers, officials and businessmen who have been banned from…
Oil rises above US$87 as Mubarak clings to power
February 11, 2011
Oil rises above US$87 as Mubarak clings to power
Singapore--Oil prices rose above US$87 a barrel Friday in Asia as Egyptian President Hosni Mubarak clung to power amid growing…
Transportation Ministry to grant employees tenure
February 10, 2011
Transportation Ministry to grant employees tenure
The Egyptian government continues developing plans to address people's demands and provide job opportunities.The Ministry of Transportation decided to tenure…
Banks to open as usual on Thursday; Egypt pound stable against US dollar
February 9, 2011
Banks to open as usual on Thursday; Egypt pound stable against US dollar
Banks will open as usual on Thursday from 8:30 AM until 2:00 PM, with some branches remaining open until 5:00…
Flights to Egypt down 70 percent
February 9, 2011
Flights to Egypt down 70 percent
Minister of Civil Aviation Ibrahim Mannaa said on Wednesday that flights to Egypt have declined by 70 percent, which led…
Egypt Suez Canal revenues down 1.6 pct in January
February 9, 2011
Egypt Suez Canal revenues down 1.6 pct in January
Revenue from Egypt's Suez Canal dropped 1.6 percent to $416.6 million in January from $423.4 million in December but was…
Govt to accept public-sector job applications in effort to blunt unemployment
February 8, 2011
Govt to accept public-sector job applications in effort to blunt unemployment
The Egyptian Finance Ministry on Tuesday announced that it would open its doors to those wishing to apply for public-sector…