CBE sells $1.1bn to banks in ‘exceptional auction’
Banks are required to apply with the amount of US dollars needed as per their clients’ import needs, the bank says
Government considers raising price of wheat to encourage farmers to step up production
Price increase would aim to encourage local farms selling more wheat to the state in order to make Egypt, the world’s largest wheat importer, less relient on imports
Egypt’s Talaat Moustafa posts 15% increase in Q1 net profit
Reuters - Egyptian property developer Talaat Moustafa posted a first-quarter profit after tax of EGP 160.8m ($23m) on Wednesday, up 15% from a year earlier, it said in an emailed…
Brahimi departure, election double blow to Syria peace hopes
The international standoff was underlined Wednesday with Damascus reacting to Lakhdar Brahimi's announcement that he will step down on May 31 by accusing him of bias and interference in domestic…
Qatar to end sponsorship system for foreign workers
Sponsorship systems for foreign workers exist in most Gulf countries, which employ millions of foreigners, especially from Asia.
Souq.com launches Online Marketplace University
The e-commerce website stated that this come as part of its “commitment towards shaping the country’s e-commerce industry and its budding online entrepreneurs”
Israeli mobile operator Cellcom profit up more than forecast
Cellcom was forecast to earn ILS 86m shekels on revenue of ILS 1.18bn, according to a Reuters poll.
180 e-readers to assist with expatriate voting
The technological devices will facilitate voting process, eliminate double voting, MCIT says
Foreign ministry meets German delegation to discuss EU monetary aid, transition
Egypt and Germany also talk about parliamentary cooperation
