economy

EBA founds Nile Basin investment company
Business

EBA founds Nile Basin investment company

The Egyptian Businessmen's Association (EBA) recently established the Egyptian-African Company for Investment and Development, which aims to support private-sector investment…
Experts: New tax bill won’t affect real estate market
Business

Experts: New tax bill won’t affect real estate market

Lobna Reda, managing director of real estate development company IGI, said Tuesday that the real estate tax draft law currently…
US aid diverted towards ‘minority rights’
Egypt

US aid diverted towards ‘minority rights’

The United States Agency for International Development (USAID) has decided to redirect funds earmarked for Egyptian NGOs working against the…
Yielding to minister’s threats, cement firms reduce prices
Business

Yielding to minister’s threats, cement firms reduce prices

After raising per-ton cement prices last week--in a move largely seen as unjustified--local cement companies Thursday retracted the decision after…
Local cement firms raise prices in unison
Business

Local cement firms raise prices in unison

Local cement companies increased their per-ton prices Wednesday by between LE15 and LE22. Some observers believe the move represents a…
Fahmi: Egyptian oil firms to return to Iraq
Business

Fahmi: Egyptian oil firms to return to Iraq

While inspecting a natural gas project in the Middle Egyptian city of Sohag, Petroleum Minister Sameh Fahmi said Monday that…
Egyptian stock exchange gains 1%
Business

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…
Experts predict 14% annual inflation rate
Business

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…
CASE regains LE15 million since Monday crash
Business

CASE regains LE15 million since Monday crash

The Cairo and Alexandria Stock Exchange (CASE) Wednesday regained some LE8.8 million, bringing total gains to LE15 million since Monday,…
Rachid: local economy “survived global crisis”
Business

Rachid: local economy “survived global crisis”

Trade and Industry Minister Rachid Mohamed Rachid said on Tuesday that the global financial crisis was coming to an end…
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