News
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Egypt Stocks: Citadel Capital and El Sewedy Electric Co.
Citadel Capital SAE (CCAP EY) climbed as much as 3.1 percent and El Sewedy Electric Co. (SWDY EY) increased as much as 1.3 percent.
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Building Prosperity
With so many lost in political deadlock, few have given thought to the country’s economic future.
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Meeting on IT utilisation in Cairo
The meeting aims at discussing the developed methods of utilising information technology in e-training of educational departments in remote areas.
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Egypt to raise gas price to Jordan
Egypt's cabinet will review a draft agreement that would raise the price of natural gas the country sells to Jordan, due to economic conditions.
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AUC students join forces with staff in general strike
The list of demands of the security workers includes: a minimum wage of LE 2,000, an hour-long break or compensation, and risk compensation.
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Egypt cenbank cancels 91, 273-day T-bill auctions
The bank gave no reason for the cancellation, which is not uncommon.
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Egypt cancels sugar tender due to high prices
Egypt's state-owned Sugar and Integrated Industries Company will review the situation when market prices improve.
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Vodafone Egypt rules out growth in revenues until year-end
Maintenance and network development costs and a cut in roaming revenues are all weighing on the largest mobile operator.
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CI holds National Bank of Egypt on Negative Outlook
In common with the other Egyptian banks, the major rating constraints are related to the risks of a balance of payments and/or currency crisis.
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Egypt Economy Growth Modest, Ongoing Unrest Hurts
The government had expected growth of 2.6 percent in 2010-11 but the economy ended up expanding by a slower 1.8 percent.
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Egypt stocks drop on Israeli embassy attack
Egypt's benchmark stock index is down slightly over 1 percent, weighed down by investor unease following the storming of the Israel's embassy.
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Changes to tourism visa regulations suspended: Egyptian ministry of tourism
The Egyptian government reversed their decision that would have required tourists to get their visas ahead of time.
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Egypt Natural-Gas Reserves Increase by 122 Billion Cubic Feet
Twenty-seven exploratory wells were drilled in the Western Desert in the fiscal year that ended June 30.
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Egypt to award 12 new cement licenses in October
The Industrial Development Authority said that it aims to offer 18 million tonnes of cement annually, 1.5 million tonnes per licence.
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Egypt and Kazakhstan to be added to the Dow Jones FEAS Index universe.
EGX and Kazakhstan's KASE will be added to the Dow Jones FEAS Index universe, effective after the close of trading on September 16, 2011.
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Supercomputer predicts revolution
A study, based on millions of articles, charted deteriorating national sentiment ahead of the recent revolutions in Libya and Egypt.
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Egypt’s famous antique shops suffer
Dealers say they can go for days without seeing even a buyer.
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UAE retail sales set to climb by year-end
Landmark Group has massive expansion plans in the MENA region with a focus on Lebanon, Egypt and Syria.
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Young doctors start part-time strike
Health Minister Amr Helmy pledged to raise doctors' wages in the near future and promised to discuss the rest of their demands.
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University professors consider strike action over academic elections crisis
The political significance of Egypt's public universities' premises was a well-known factor for consideration during Mubarak's regime.