US stocks drop on Syria concerns
Several leading technology companies had bad days, including Google (down 1.0%), Amazon (down 1.1%), Netflix (down 1.4%) and eBay (down 2.0%).
Government unveils new stimulus plan
The interim government adopts an economic reform plan to achieve 3% growth, and reduce the budget deficit to 9%
Central bank denies freezing deposits
Bank: “Rumours aim to destroy the confidence in the stability and safety of the country’s economy”
Crisis of foreign cash transfers on the Bourse
Submission of the request was made according to the Central Bank of Egypt’s 2005 decision regarding registered users of custodian banks.
Saudi Arabia studies report on Egypt’s financial needs
Egypt’s government has suffered from a $3.2bn monthly budget deficit since last January.
Red Sea hotel occupancies expected to decrease 80% as Italy and Russia issue travel warnings against Egypt
Hatem Munir, Secretary of the Red Sea Egyptian Hotel Association stated that tourist rates of those coming into Egypt have dropped to 15%.
Blue chip stocks fall on the EGX30 throughout August
EGP 1.5bn in net foreign sales since the beginning of the year
Foreign Ministry condemns arrests of Egyptians in Gaza
Egyptian Cultural Centre in Gaza raided by “elements of the Hamas police”, Egyptians arrested
Around 5.5m tonnes of wheat to be imported in October
On 30 August, the GASC stated on its official website that its Vice President Mamdouh Abdel Fattah is seeking wheat cargoes from the US, Canada, Australia, France, Germany, Russia, Romania…
Al-Beltagy detained for 15 days
Muslim Brotherhood leader faces a myriad of charges following his arrest on Thursday
