News
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Middle East instability hits profits at acquisition-hungry Aramex
The instability in Egypt and the Eastern Mediterranean area did have an affect on the company’s results, making it expensive to make businessin MENA.
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Egyptian Companies to Storm Trade Fair in Ethiopia
Egyptian companies represent 32 out of 45 foreign companies at 4th “Buy Ethiopian” fair of the Ethiopian Chamber of Commerce & Sectoral Association.
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Egypt discussing private sector minimum wage
Alaa Ezz, Secretary General of the Federation of Egyptian industries said that the decision to increase the minimum wage to LE 700 has been taken.
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Mobinil sees profit again in 2012 if Egypt stable
Mobinil is battling with Vodafone's local affiliate for top spot in the country's fiercely-competitive mobile market.
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SCAF has not raised Egypt's foreign debt ceiling, so far: Official
The IMF may yet ink a $3 billion loan deal with Egypt despite disagreements between the country's military and finance and planning ministries.
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Telecom Egypt Strike Continues After Bonus Concession, Alam Says
The workers are holding daily one-hour work stoppages at the company’s branches, demanding better pay and the resignation of CEO Mohamed Abdel Rehim.
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Egypt sells LE5.5 billion in treasury bills
Yields continue to rise as the central bank makes another batch of short-term debt sales.
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ABB to automate generation at Egyptian hydropower plants
ABB will provide plant automation and control solutions for the Aswan hydropower complex with a capacity of 2,600MW.
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Egyptian Stocks: Arab Cotton and Telecom Egypt Are Active
EGX 30 Index gained for the sixth time in seven days, climbing 0.8 percent to 4,354.14, with a weekly gain of 2.1%.
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Egypt's Suez Cement nine-month profit down 43 pct
Net profit declined to 516.9 million Egyptian pounds, compared to 906.7 million pounds for the same period in 2010.
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Sharaf, WB Official Discuss Development Projects in Egypt
Investing in Egypt is like investing in the future, the Premier said, noting that the Egyptian economy is being rebuilt on the basis of integrity.
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ECTAA meets the Egyptian authorities to strengthen tourism in Egypt
European Travel Agents’ & Tour Operators’ Association says the past political events have created a faulty image of Egypt & it'll help get past that.
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IIF forecasts strong growth for oil exporting Arab countries
Oil exporting countries’ external & budget surpluses in 2012 will be lower than earlier forecasts, but foreign asset accumulation will continue.
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Egypt imposes temporary cotton import ban: paper
50 million Egyptian pounds had been allocated by the Bank for Development and Agricultural Credit to buy cotton from local cooperatives.
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Handouts pose danger to Mideast economies
IMF says global slowdown threatens fiscal woes for oil exporters and importers, terms world economy to be in a “dangerous new phase.”
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Egypt's NGOs face tough post-revolution reality
NGO hopes of being able to work more freely after Mubarak's fall have been dashed as Egypt's military rulers clamp down.
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IMF to Offer Egypt U.S.$3 Billion Soft Loans - Al-Beblawy
Foreign loans is one of the bitter solutions the government would resort to for obtaining the necessary finance in order to repay the state deficit.
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Gallup poll of Egyptians: 95% people in this country get ahead by working hard
Gallup poll post-Mubarak: More Egyptians find it difficult to make ends meet and nearly half of Egyptians struggle to afford food.
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Egypt refuses to print Libyan dinars
Egypt had to decline due to “political and economic” considerations.
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Arab Investors Are Urged to Lead the Way
Egypt, Tunisia and Bahrain are among the countries in the region facing the hard task of promoting enough growth to provide the new jobs.