Republican Guard headquarters violence prompts market slide
The EGX 70, an index of small and medium-sized companies,declined by a precipitous 5.32%, while the broader EGX 100 slid 4%.
The fate of Islamic bonds remains vague after the ouster of the Muslim Brotherhood
Abdullah Al-Adali, chairman of the taxes division at Price Waterhouse Coopers, stated that he supported keeping the country’s Islamic bonds law as it was despite the removal of Morsi.
Central Bank head in Abu Dhabi in search of financial aid
The visit follows a statement detailing a drop in the country’s capital and financial accounts' balance from $3.9bn to $3.8bn, as well a decline in the outflows of portfolio investments…
New investments in the first half of year total EGP 9bn
2204 new investment projects have been founded during the first half of 2012 A source from the General Authority for Investments says the amount of investments in the previous regimes…
Central Bank announces ‘Support Egypt’ account
The fund’s account number, 306306, refers to 30 June,when massive protests led to the ouster of Mohamed Morsi,Egypt's first elected president.
National Bank of Egypt provides $65m to fund the import of gasoline and diesel fuel
The bank’s board of directors recently granted the EGPC $1bn in letters of credit for the purpose of importing 600,000 barrels of crude oil per month from Libya, after receiving…
A petition to international media
By Ahmed El-Ashram I and millions of Egyptian people are following the international media coverage of recent developments in Egypt with profound disappointment. Unlike the revolution that ousted Hosni Mubarak…
Brotherhood leadership split members
Group criticises Brotherhood leaders and accuses them of forgetting the teachings of founders
Sorrow and anger at Rabaa Al-Adaweya
Supporters of Mohamed Morsi continue demonstrating at Rabaa as some stand off against Republican Guard following Monday’s fatalities
Pro-Morsi protesters at Cairo University
Supporters of the ousted president are on high alert amid tight security measures
