News
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Egyptian Stocks: Orascom Telecom, EFIC, El Watany Bank Egypt
Egypt’s benchmark EGX 30 Index (EGX30) slumped 3.1 percent to 3,900.36 at 1:32 p.m. in Cairo, heading for the lowest close since March 2009.
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Egypt’s benchmark stock index extends drop on political unrest; currency under pressure
Egypt’s benchmark stock index extended its decline for a 2nd consecutive day & airport officials reported a sharp drop Monday.
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Italy cancels Cairo-bound flights
Italy's main air travel company, Alitalia, canceled two flights to Egypt on Monday but did not give a reason for the move.
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Egyptian protests drive UAE markets down
The UAE's markets are in retreat this morning as fresh protests in Egypt weigh on stocks including Emaar Properties.
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Egyptians Launch New Battle for Minimum Wage
Mohamed El-Abyad's employer has agreed to increase his salary by 20%, but the factory worker still cannot afford to send his children to school.
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Egyptian govt to introduce steps to protect textile industry
The Government of Egypt will soon introduce steps to protect its local textile industry.
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The World Travel Market Brings Egypt New Recovery Signals
Each year, the WTM brings Travco new business partnerships and prestigious recognitions.
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Egypt's Alcotexa sells 2,650 T cotton in past week
Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 2,650 tonnes of cotton in the week that ended on November 18.
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Carpet maker has rug pulled from under it
Egypt's Oriental Weavers Carpethas reported a 23 per cent decline in nine-month profit amid soaring raw material prices.
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Egyptian markets loses 7b EGP
The Egyptian stock market ended today’s transactions during the first session of the week on Sunday November 20.
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Ubifrance organizes French-Egyptian seminar on treatment of water, wastewater and industrial waste
Organized by the Economic Department - Ubifrance of the French Embassy in Egypt, a Franco-Egyptian seminar will take place on the 6th of Dec. 2011.
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Egypt set to negotiate IMF loan package
Egypt has decided to open negotiations with the IMF “within a couple weeks,” for a new $3.2bn finance package to help aid the Egyptian economy.
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Egypt T-bills rise to 3-yr high, auction trimmed
Egypt's central bank reduced the size of its treasury bill auction on Sunday as yields surged to their highest level.
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Unemployment in Egypt– an invisible plague
Unemployment is still a major problem in Egypt and about to reach dangerous levels.
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Egypt Agreed to Export 2,650 Metric Tons of Cotton Last Week
Egypt agreed to export 2,650 metric tons of cotton in the week ending Nov. 17, the Alexandria Cotton Exporters Association said.
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Egyptian Stocks: Palm Hills Developments, Oriental Weavers
Egypt’s benchmark EGX 30 Index (EGX30) dropped 2.4 percent to 4,024.54 at 1:27 p.m. in Cairo, matching an eight-day losing streak from July.
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Gulf states provide US$1 billion to post-Mubarak Egypt
Gulf countries provided one billion dollars to Egypt after the revolution that toppled Hosni Mubarak for infrastructure and economic losses.
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Egypt calling Indian tourists
"We have doubled our tourism promotional budget for India from USD half million to USD 1 million in the current year," Adel El Masry said.
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Egypt, U.S to promote many activities during Global Entrepreneurship Week 2011
Egypt and the U.S. are partnering to promote a wide range of activities during Global Entrepreneurship Week 2011.
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Finance Ministry: No Change in Customs Duties
No intention to increase or decrease the customs duties on goods and equipment imported from abroad in the coming period.