Business

Global, local gold prices return to earth

Global, local gold prices return to earth

Local gold prices took a fall this weekend, reflecting a decline in their global counterparts, with the price of one…
Govt approves sale of Mobinil shares to France Telecom

Govt approves sale of Mobinil shares to France Telecom

The Egyptian Financial Supervisory Authority (EFSA) accepted France Telecom's offer to purchase all shares of the Egyptian Company for Mobile…
Real estate tax offices extend working hours

Real estate tax offices extend working hours

The Ministry of Finance has decided to extend working hours until 7 PM at real estate tax offices in order…
Egyptian stock exchange gains 1%

Egyptian stock exchange gains 1%

The Egyptian stock market gained a meager 1 percent Thursday as a wave of buying by Egyptian and Arab investors…
Dubai Holding sells 25% of shares in Hermes

Dubai Holding sells 25% of shares in Hermes

The EGX 30 index of the Egyptian stock exchange Wednesday fell 3.6 percent, closing at 6132.6 points, down 234.9 points.…
Experts predict 14% annual inflation rate

Experts predict 14% annual inflation rate

Local experts expect annual inflation rates to soon hit 14 percent due to a recent rise in foodstuff prices by…
IMF chief economist lectures Cairo on financial crisis

IMF chief economist lectures Cairo on financial crisis

In a lecture delivered Monday at the American University in Cairo, Olivier Blanchard, chief economist of the International Monetary Fund…
Domestic demand for Egyptian cotton shrinks

Domestic demand for Egyptian cotton shrinks

A report issued Monday by the Central Agency for Public Mobilization and Statistics (CAPMAS) said that demand for Egyptian cotton…
Egypt-Algeria tension subsides with joint business projects

Egypt-Algeria tension subsides with joint business projects

An Algerian delegation is participating in a conference devoted to small businesses in Mediterranean countries currently being held in Cairo…
Experts fear DP Sokhna sale in wake of debt crisis

Experts fear DP Sokhna sale in wake of debt crisis

Local marine-transport experts are concerned that the UAE-based Dubai Ports World (DP World) will sell its Egyptian Sokhna Port operation…
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