Banking sector rating falls following national downgrades
Economic uncertainties and political turmoil are reflected in poor bank ratings
Government acknowledges shortages in energy and supply goods
The Ministry of Finance is currently working to provide guarantees to prevent…
Ministry of Transport finishes EGP 652.5m railroad and metro projects
Projects have also been proposed to upgrade the status of railway cars,…
Cement companies reject using waste as a source fuel, seek permission for coal
Such a programme would require that factory furnaces be converted in order…
Egypt-Turkey market link project stalled
Following Egypt’s political turmoil, the linking of the Egyptian and Turkish stock…
EGP 19bn in remitances from those living abroad
By: Ibrahim al-Masry Kamal Abu Eita, Minister of Manpower and Emigration…
Violence weighs on value of pound on black market
Egyptian pound’s black market value falls on instability following dispersal of pro-Morsi…
Brazil to spend $55bn to defend sagging real
The Brazilian currency, which has been at its lowest level against the…
Qatar sends its third and fourth gas shipments to Egypt
Recent political developments in Egypt have negatively impacted bilateral ties with Qatar.
Car ad campaigns spread along coasts, away from violence
Economic recession along with political turmoil forced a number of car companies…