Stock exchange to continue as normal amid protest speculation
Omran: Upcoming June 30th protests will not cause us to place additional precautionary measures on Egypt’s stock exchange
Read More →Bank tax law amended following criticism
The law, which taxes funds set aside by banks to cover potential losses caused by defaulting debtors, was being reviewed by the Central Bank.
Read More →Egypt still has the fundamentals to grow: Multinational marketing CEO
Steve Hamilton-Clark, CEO of Taylor Nelson Sofres’ (TNS) MENA office, spoke to Daily News Egypt about the company’s activities and the challenges facing its clients.
Read More →Inflation hikes to 8.1% in April on currency slide
Egypt’s Central Bank decided to keep overnight deposit and lending rates unchanged at 9.75% and 10.75%, respectfully
Read More →New $12bn bonds programme announced
The prospectus tasked HSBC Holdings and QNB Global with the rights to organise and administer the programme
Read More →Investment minister: New chart for Egyptian investment to be launched soon
A new catalogue of investment opportunities across different sectors will be made available in the coming months
Read More →Oil down on China worries, US stockpiles buildup
President Xi Jinping on Friday said China, the world’s second largest economy and top energy consumer, would not sacrifice the environment for temporary economic growth.
Read More →Business News: Large banks ranked most efficient while small banks achieve fastest growth
CIB rated as most efficient, followed by NSGB, while HSBC places third due to its refusal to disclose information on its non-performing loans
Read More →NSF condemns Suez Canal draft law
National Salvation Front raises five major concerns with proposed law regulating Suez Canal regional development
Read More →Al-Nour and FJP clash over Iranian tourism
Islamist parties disagreement during Egypt’s Culture, Information and Tourism Committee discussions
Read More →OCI reaches final settlement with Egyptian Tax Authority, will pay EGP 7.1bn
Onsi and Nasef Sawirs removed from travel ban list
Read More →Government’s decision to accept $450m in American aid receives prospective approval
The agreement stipulated that the United States Agency for International Development (USAID) provide Egypt with $190m of the $450m of aid it is expected to receive from the United States.
Read More →Consumer inflation rate rises
Poorest consumers feel commodity price increases most painfully
Read More →E-Finance seeks to increase benefit card users to 4.5m
The E-Finance company hopes to increase the number of benefit card users to 4.5m by the end of 2013, with plans to release 10,000 cards next week.
Read More →Egypt lifts cooking gas prices, why it’s trivial
By Farah Halime How fitting that on April Fool’s Day, the Egyptian government attempts to deceive us all by claiming that its plans to raise the price of state-subsidised cooking gas for the first time in two read the rest…
Read More →El-Araby: Foreign investment in the Arab world drops 37.4%
Main contributing factor to rising unemployment was the inability of governments to attract foreign, Arab and local investment
Read More →Reactionary not progressive: Egypt’s economic policy
By Farah Halime In a desperate move to save power, Egypt’s international airport will close most of its runways for four hours each day from early June, Reuters has reported. The airport is the latest casualty read the rest…
Read More →Thales Group wins Cairo-Alexandria railway upgrade
French company granted rights to install electric signals at an estimated cost of $270m
Read More →CBE: ‘Foreign currency reserves did not decline’
Egyptian Central Bank denies reports of commodity shortages, requests media to be cautious when discussing economic issues
Read More →EFG Hermes, QInvest on verge of completing merger
The Qatari partner will hold a 60% stake in the new venture, to be named EFG Hermes Qatar, with EFG Hermes holding the rest
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