Business
Egypt exchange maintains upward trend amid investor confidence
November 3, 2010
Egypt exchange maintains upward trend amid investor confidence
Egypt's EGX 30 stock market index has continued its gradual climb, rising 0.7 percent to settle at 6701.18 points by…
Egypt expects US$10bln FDI 2010-11fiscal year, says minister
November 3, 2010
Egypt expects US$10bln FDI 2010-11fiscal year, says minister
Abu Dhabi--Egypt will push ahead with economic reforms in order to achieve the targeted US$10 billion in foreign direct investment…
Egypt mulls US dollar ‘century bonds,’ says minister
November 3, 2010
Egypt mulls US dollar ‘century bonds,’ says minister
Egypt is considering offers from international investment banks to launch 100-year "century bonds" that would help demonstrate appetite for longer-term…
Project to develop poor villages set to commence
November 3, 2010
Project to develop poor villages set to commence
The initial phase of a project to develop impoverished villages throughout Egypt will conclude by June 2011, said Mahmoud Maghawri,…
Investors’ federation calls for upping minimum wage to LE600/month
November 2, 2010
Investors’ federation calls for upping minimum wage to LE600/month
The Egyptian Federation of Investor Associations this week called for raising the national monthly minimum wage to LE600.Last week, Egypt's…
First phase of low-income housing scheme to wrap up next June
November 2, 2010
First phase of low-income housing scheme to wrap up next June
President of Egypt's Central Agency for Reconstruction Mahmoud Meghawri announced that the first phase of the government's Geographical Targeting of…
National Bank of Egypt ranks 8th largest Arab bank, 237th worldwide
November 2, 2010
National Bank of Egypt ranks 8th largest Arab bank, 237th worldwide
The National Bank of Egypt (NBE) was ranked eighth on the Union of Arab Banks' 2009 report on the top-100…
Industry gas supply available through 2015, says minister
November 2, 2010
Industry gas supply available through 2015, says minister
Minister of Trade and Industry Rachid Mohamed Rachid said sufficient gas supply is available for Egyptian industries through 2015. Supply…
Egypt ranks 9th on annual ‘Economic World Freedom’ report
November 1, 2010
Egypt ranks 9th on annual ‘Economic World Freedom’ report
Egypt has been ranked ninth on the 2010 Economic Freedom of the World Report, produced by the Fraser Institute. The…
Fourth metro line to cost US$1.5 bn, financing yet to be confirmed
November 1, 2010
Fourth metro line to cost US$1.5 bn, financing yet to be confirmed
The Ministry of Transport is seeking presidential approval to request a Japanese loan to finance the first phase of a…