Business

Multinational developers consider investing in Egyptian real estate

Multinational developers consider investing in Egyptian real estate

The Egyptian real estate market has become the focus of interest on the part of several multinational companies, some of…
S. African energy firm to invest in oil exploration in Egypt

S. African energy firm to invest in oil exploration in Egypt

South African oil company Petro SA recently announced plans to invest a total of US$300 million in oil and natural…
Q&A: Economist Gouda Abdel Khaleq on crony capitalism in Egypt

Q&A: Economist Gouda Abdel Khaleq on crony capitalism in Egypt

In an interview with Al-Masry Al-Youm, economics expert Gouda Abdel Khaleq spoke about the Hisham Talaat Mostafa Group's contoversial Madinaty…
Development demands modern databases, says Nazif

Development demands modern databases, says Nazif

At an event marking the annual World Statistics Day, Egyptian Prime Minister Ahmed Nazif emphasized the importance of modern, inclusive…
Egypt pound falls against USD

Egypt pound falls against USD

The stock market on Wednesday registered a signficant hike in the USD rate against the Egyptian pound. The dollar sold…
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…
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