Business

Foreign appetite for Egypt SMEs strong, says banker

Foreign appetite for Egypt SMEs strong, says banker

Foreign appetite for smaller Egyptian stocks is strong but political and legal risks and a volatile exchange rate are blocking…
Foule prices skyrocket due to low annual yields

Foule prices skyrocket due to low annual yields

After several weeks of skyrocketing retail tomato prices, prices for Egyptian fava beans (foule) have followed suit, currently fetching a…
Egyptian pound falls to lowest since June 2006

Egyptian pound falls to lowest since June 2006

The Egyptian pound weakened to 5.7580 against the US dollar on Wednesday, its lowest since June 2006, with dealers in…
Minister aims to preempt food price surges

Minister aims to preempt food price surges

Steps to determine the amount of food commodities offered on the market are needed to curb price hikes, said Minister…
Minister: Government to introduce cash-or-commodities subsidy system

Minister: Government to introduce cash-or-commodities subsidy system

The government plans to introduce a new system for state subsidies by which citizens can choose between receiving subsidized commodities…
Egypt comes in 26th on World Bank’s statistical capacity index

Egypt comes in 26th on World Bank’s statistical capacity index

Egypt was ranked 26th on the World Bank's 2010 Bulletin Board on Statistical Capacity (BBSC), with a statistical capacity index…
Egypt pound weakens to fresh 3-1/2 year low

Egypt pound weakens to fresh 3-1/2 year low

The Egyptian pound traded as low as 5.7360 to the dollar on Tuesday, a new three and a half year…
Satellite behemoth announces future Egyptian service

Satellite behemoth announces future Egyptian service

The world’s leading mobile satellite company, Inmarsat, announced it has successfully obtained an operation license from Egypt’s National Telecommunication Regulation…
Egypt firm sees private education revenues up

Egypt firm sees private education revenues up

Cairo for Investment and Real Estate Development, which builds and runs schools, said it expects revenues to hit LE100 million…
Govt plans to increase supply of basic commodities

Govt plans to increase supply of basic commodities

The Ministry of Investment has approved a state-run plan to increase the supply of basic commodities in a bid to…
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