News
-
Markets close up Monday
The Egyptian stock market’s main index gained 2.09 billion EGP on Monday, supported by purchases by foreign and Arab investors.
-
HSBC report sees bright trade future for Egypt as deficit narrows
Egypt's economic situation should stabilize on the long-term, according to a trade forecast published last week by HSBC Bank.
-
KCCI stresses significance of trade partnership with Egypt
Khaled Al-Saqr underlined on Monday the importance of exerting efforts to maintain the level of strong economic relations between Kuwait & Egypt.
-
Egypt seizes $340 million for Mubarak sons in Switzerland, says official
Switzerland has allowed Egyptian authorities to seize $340 million deposited by sons of former Egyptian president Hosni Mubarak in Swiss banks.
-
Foreign ministers discuss Iraqi debts to Egypt
Egyptian Foreign Minister Mohamed Kamel Amr met on Sunday with his Iraqi counterpart, Hoshyar Zebari, to discuss ways to settle Iraqi debts to Egypt.
-
Red Sea governor issues permission for foreigners to work in tourism
Red Sea Governor Mahmoud Assem decided to facilitate issuing the required permission for foreign employees who work in the tourism sector.
-
Egypt: Work in Toshka Project Not to Be Suspended
Work in Toshka project is going on and will not come to a standstill, an Egyptian Agriculture Ministry official said on Sunday.
-
Saudi to invest $500 million in Egypt treasury bills
Reports of Gulf states buying Egyptian financial instruments drive down average yields at Sunday's auction.
-
Egypt finmin says foreign borrowing necessary: paper
Egypt's dependence on local borrowing to support the state budget is not sustainable and it will have to borrow from overseas.
-
Telecom Egypt Workers Threaten Work Stoppage, Al Shorouk Reports
Telecom Egypt employees have threatened to strike if their demand for the resignation of Chief Executive Officer Mohammed Abdel Rehim is not met.
-
Are the generals stealing Egypt?
Egypt's central bank has taken firm and decisive action: it has fired all of its outside directors.
-
McDonald's asked to return mummies to Egypt
A McDonald's restaurant in Staffordshire has been asked to return a pair of mummies buried in its foundations to Egypt.
-
Egypt's government suggests steel firm to repay license value on installments
Egyptian government suggested a settlement for steel firms which faced a court ruling to cancel licenses, allows it to pay on 7-year installment.
-
Ministry of Finance offered 5b worth of Treasury bills
The Egyptian Ministry of Finance announced results of the bids on treasury bills reached 5 billion EGP, with one or two times coverage.
-
Egypt, Sudan angry over Nile Basin development
Egypt and Sudan are worried over recent developments along the Nile River by countries south of their borders.
-
Gulf bourses disappointed by G-20 meeting; Egypt continues to rally
The bright spot in the Middle East was Egypt, where the benchmark index gained 1.5 percent to 4,214 points.
-
Egypt T-Bill Yields Drop After Saudi Arabia Pledges Support
Egyptian treasury bill yields declined at an auction today after Saudi Arabia said it plans to invest $500 million in Egypt’s T-bills.
-
Egypt's Mobinil says customer boycott subsides
The Egyptian mobile company suffered a boycott after Christian business tycoon and politician Naguib Sawiris tweeted a cartoon of Mickey Mouse.
-
Telecom Egypt workers start open-ended strike, demand CEO's removal
Workers at a majority of Telecom Egypt's telephone exchanges nationwide began an open-ended strike on Sunday.
-
Egypt's central bank regulations amended, board will see major reshuffle
New regulations shrink and change the composition of the Central Bank of Egypt board of directors.