News
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Egypt's private sector minimum wage just an 'initial step': Official
Announcement of LE700 monthly rate raises questions over how the government will enforce it without giving further space to informal employment.
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IFC helps educator build schools across Egypt
The company plans to build seven schools over the next five years, creating capacity for an estimated 12,000 students.
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Egypt Agreed to Export 369 Metric Tons of Cotton Last Week
The country has shipped 66,989 metric tons of cotton valued at $210.7 million since the marketing year began on Sept 1.
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Yields fall at Egypt nine-month T-bill auction
The average yield edged down to 15.622 percent from 15.642 percent at last week's auction and the bank sold all the 3.5 billion Egyptian pounds.
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ME online shopping on the rise, says Sukar.com
A comparison showed that prepaid channels accounted for 70 per cent of all payments in February 2012 compared to a mere 20 per cent in February 2011.
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Egypt's EFG-Hermes 2011 net tumbles 63 pct -bourse
Consolidated net income last year was 307.7 million Egyptian pounds ($50.96 million), down from 826.2 million pounds in 2010.
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Egypt worried about its investments in Karachi
European and Middle Eastern countries had made investment in Pakistan and they want their investment to return profit, not losses.
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Global companies to inject dlrs 15.6bn in oil sector
Int'l companies operating in Egypt in the field of oil and gas research, exploration and production are keen to keep up their investments in Egypt.
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Food inflation back on agenda as prices rise
High oil prices are fanning hikes in the cost of staples, say analysts, predicting further rises to come.
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Muslim Brotherhood “Charm Offensive” Includes U.S. Chamber of Commerce
According to the Washington Post, the Islamist organization has been engaged in a “week-long charm offensive” in Washington, D.C.
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Majid Al Futtaim set to double mega malls
Last week, Majid Al Futtaim opened its 11th mall, Fujairah City Centre, and the developer is seeking land in Abu Dhabi.
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Egypt Offers Bills as IMF Aid Faces Impasse; Dollar Bonds Fall
The Freedom and Justice Party may reject a proposed $3.2 billion loan from the IMF when it is presented before parliament.
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Cairo, Doha probe boosting Bahraini investments in Egypt
General Authority for Investment and Free Zones tries offering all possible incentives for Bahraini investors in Egypt.
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Egypt's ExxonMobil workers strike to get permanent contracts
A strike by ExxonMobil workers enters its fourth day Saturday with workers demanding contracts after working for years as subcontractors.
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Pakistan sees opportunities in meat, wheat, cotton JVs with Egypt
Egypt is presently importing most of its meat from Kazakhstan, which meant Pakistan could potentially tap into a very large market.
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Flirting with Islamic finance
With Egypt's politics dominated by Islamists, the financial market has developed a love for Sharia-compliant products.
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Google-branded, ASUS-made tablet reportedly arriving in July
The Verge? is reporting that such a device is in the works, and is slated for a July launch at the earliest.
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67 pct of Egypt employees expect a raise in the next 12 months, says poll
Over the past five years, 36 percent have held two jobs; 28 percent have held one job, while the remainder have held three or more.
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Reforming Egypt's Untenable Subsidies
Egypt's current economic woes and political transition make the prospects of a comprehensive and effective subsidy reform particularly challenging.
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More Reasons To Avoid Egypt ETF?
There are new concerns that could hinder EGPT ahead of May's elections in Egypt.