Banks consider cutting interest rates on deposits
The banks stated that they would study ways and mechanisms to decrease interest rates on triple term savings certificates, in order to reduce the cost of funds after intense declines…
State employees’ wages increase by 10%
The cabinet will raise basic wages of state employees by 10% in an attempt to “allow workers to afford basic life necessities”
Foreign currency reserves surge to $18.9bn in July
The current foreign reserves, necessary to import staples, primarily wheat, registered $14.9bn this June compared to $16.04bn in May.
OCI deal pushes stock up
The EGX 30 index closed with a 1.5% surge at 5615.36 points on Tuesday, while the EGX 70 index, encompassing small and medium sized companies, saw a modest rise of…
Egypt’s Richest Men in 2013
According to Forbes’s world’s richest billionaires, in which Carlos Slim Helú came on the top with a fortune worth $73bn
Six Gulf companies to be listed on the bourse
The listing of these companies will improve the quality of the performance of the stock market
Rights Groups meet with Minister of Interior
Human rights organizations urge minister to peacefully disperse Rabaa and Al-Nahda sit-ins and use maximum restraint
Families of detained children storm Shubra Al-Khayma Police Station
42 children detained after suspicions that the Brotherhood gathered them to participate in their sit-ins
McCain and Graham arrive in Cairo
Despite ‘danger’ of visit, US senators to present ‘unified message’ to Egypt
