Business
Egypt stock exchange to open tomorrow
March 22, 2011
Egypt stock exchange to open tomorrow
With yet another, and seemingly more realistic, stock market re-opening date, concerns are many and speculations even more. With the…
US$6.3 billion transferred out of Egypt in 2010
March 21, 2011
US$6.3 billion transferred out of Egypt in 2010
Funds amounting to US$6.3 billion were transferred out of Egypt in 2010, according to Global Financial Integrity (GFI). “Egypt is…
Egyptian Stock Exchange to resume trading on Wednesday
March 21, 2011
Egyptian Stock Exchange to resume trading on Wednesday
The Egyptian government decided on Monday to re-open the Egyptian Stock Exchange on Wednesday after nearly 50 days of it…
Tourism Ministry temporarily suspends permits for new travel agencies
March 21, 2011
Tourism Ministry temporarily suspends permits for new travel agencies
Permits for starting new travel agencies will be suspended for a year, Tourism Minister Mounir Fakhri Abdel Nour said today.There…
PM to make final decision on date for stock exchange reopening
March 20, 2011
PM to make final decision on date for stock exchange reopening
Prime Minister Essam Sharaf is to take a final decision soon on the date for reopening the Egyptian stock exchange.…
US dollar continues to rise against the Egyptian pound
March 20, 2011
US dollar continues to rise against the Egyptian pound
The exchange rate of the US dollar continued to rise against the Egyptian pound on Sunday. The Swiss franc, meanwhile,…
Vegetable prices rise by 20% as winter growing season ends
March 20, 2011
Vegetable prices rise by 20% as winter growing season ends
The prices of some vegetables have risen over the past days by approximately 20 percent, an increase which traders attributed…
Central Bank of Egypt to let the pound drop gradually
March 17, 2011
Central Bank of Egypt to let the pound drop gradually
The Central Bank of Egypt (CBE) announced on Wednesday it would allow the value of the Egyptian pound (EGP) to…
Illicit Gains Authority bans Mubaraks from accessing bank account
March 15, 2011
Illicit Gains Authority bans Mubaraks from accessing bank account
The Illicit Gains Authority (IGA) on Tuesday banned ousted President Hosni Mubarak and his family from accessing their Bibliotheca Alexandrina…
Automobile sales suffer sharp drop
March 15, 2011
Automobile sales suffer sharp drop
Car sales in Egypt have recorded a steep drop over the past few weeks, triggered by the 25 January revolution…