Fitch Group’s new credit downgrade of Egypt does not take into account recent aid received from the Gulf
The analysts stated that the recent downgrade would not have a large affect on Egypt’s banking sector, adding that the value of stock for some banks may decrease as a…
Ministry of Antiquities calls for independence
Ministry launches petition campaign to separate from culture ministry to “safeguard Egyptian heritage”
Conflicting Reports regarding Egypt’s wheat supply
Former members of Morsi’s government claim the country will need to import wheat in 2 months, yet many officials claim the reserves can last 5 months
Oil extends losses on profit-taking
WTI hit a 15-month high of $107.45 in New York on Thursday and Brent reached $108.93.
Centamin announces robust gold production in new mine
Centamin produced 93,624 oz of gold for the second quarter in 2013, ending in June, bringing the total production so far to 180,640 oz.
Rafah border crossing partially reopened
Crossing was closed for several days after the ouster of former president Mohamed Morsi
Arab aid inbound
Aide to the Minister of Planning: Financial aid received from Arab countries will begin to be converted next week
Turning the page with businessmen is crucial to Economy: Expert
Economics professor advocates reconciliation and state settlement with businessmen in corruption cases
Hamas denies involvement in Egypt, accuses Fatah
The party denies accusations of involvement in Egyptian internal affairs, and accuses Fatah of incitement