Former bourse chief, EFSA head to be questioned
CAIRO: Prosecutor General Abdel Meguid Mahmoud referred Tuesday a complaint filed by a group of investors against the former chairman of the stock exchange and the head of the…
Talaat, Telecom Egypt lift Cairo index
Egypt's index inched up, with Talaat Mostafa and Telecom Egypt driving the market, but traders said buyers remain cautious and volumes low ahead of local corporate results. "It…
The Market Confidence Bugaboo
CAMBRIDGE: A specter is haunting Europe — the specter of “market confidence.” It may have been fear of communism that agitated governments when Karl Marx penned the opening line of…
De Gaulle at the Barricades
LONDON: By coincidence, this is a busy year for round-number anniversaries for France’s greatest leader since Napoleon. Charles de Gaulle was born 120 years ago in Lille. He died 40…
Egypt named top outsourcing destination as industry expands
CAIRO: Egypt can now brag that it is the most attractive destination for companies looking to outsource their operations abroad. Last week in Brussels, Egypt was named “Offshoring Destination of…
Firms vie to build Egypt’s $550 mln Pharaonic museum
Fourty companies are vying to build the final phase of Egypt's new $550 million museum which will showcase the largest collection of Pharaonic treasures in the world, the project's…
Bank of Alexandria to approve LE 350 mln for SODIC
The board of directors at Bank of Alexandria Sanpaolo will approve in the next meeting LE 350 million in financing for Six of October Development and Investment Company (SODIC)…
CBE says no new Forex, money transfer companies; Report
The Central Bank of Egypt has recently turned down requests to grant new licenses for setting up new foreign exchange or money transfer companies, pan-Arab Asharq Al-Awsat daily reported.…
Egypt aims to double tax revenue
The Ministry of Finance plans to double tax revenue within five years to LE 408.27 billion in fiscal year 2014/15 from the targeted LE 197.3 million in fiscal year…
Egypt allocates LE 10.5 bln for bread subsidies
The Egyptian government allocated LE 10.5 billion of its budget to subsidized bread for fiscal year 2010/11, according to the Ministry of Finance, reported Al-Masry Al-Youm. Of the…