Business
Bankers predict further decline in foreign reserves
April 5, 2011
Bankers predict further decline in foreign reserves
Experts have predicted a further decline in the Central Bank’s international reserves by the end of April, having reached US$30.1…
Sugar reserve sufficient till October, Egypt says
April 4, 2011
Sugar reserve sufficient till October, Egypt says
Egypt has enough sugar reserves for local consumption until October, Egypt's chambers of commerce announced on Monday. Ahmed al-Wakeel, head…
Traffic resumes in Suez Canal as grounded ship is moved
April 3, 2011
Traffic resumes in Suez Canal as grounded ship is moved
Traffic through Egypt's Suez Canal resumed Sunday evening; it had been partially disrupted for a period of three hours due…
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Central Bank Governor Farouk al-Oqda has estimated the total foreign investment withdrawn from Egyptian treasury bonds and bills between 20…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…