Business

Egypt’s stocks drop after anti-military protest

Egypt’s stocks drop after anti-military protest

Egyptian stocks fell to the lowest in more than a week after clashes that erupted in central Cairo between supporters…
Minimum wage to be implemented in August

Minimum wage to be implemented in August

The new minimum wage will be implemented in August, Egypt's Finance Ministry said on Monday. State employees who receive a…
Local gold prices increase by LE2

Local gold prices increase by LE2

Local market prices for gold increased by LE2 per one gram in the aftermath of the financial crisis that hit…
Prices rise ahead of Ramadan

Prices rise ahead of Ramadan

Prices of several food products have risen ten days before the start of Ramadan, according to commerce chamber reports. Khaled…
Tourism minister: Mubarak in Sharm el-Sheikh ‘high risk’

Tourism minister: Mubarak in Sharm el-Sheikh ‘high risk’

Minister of Tourism Mounir Fakhri Abdel Nour announced Friday that he has asked the government to carry out the trial…
Aviation workers threaten to strike and partially close airspace

Aviation workers threaten to strike and partially close airspace

Dozens of aviation workers continued their protest at Cairo International Airport Thursday to demand the sacking of the head of…
Egypt keeps interest rates unchanged at 8.25%

Egypt keeps interest rates unchanged at 8.25%

Egypt’s central bank kept its benchmark interest rate at the lowest level in more than four years with the aim…
Egyptian stocks slip on non-Arab selling

Egyptian stocks slip on non-Arab selling

For the third day in a row, Egypt's main index was in the red on Thursday on non-Arab selling, traders…
Egypt’s Eastern Co. profit falls 26 pct to $105 million

Egypt’s Eastern Co. profit falls 26 pct to $105 million

Egypt's Eastern Company posted a net profit of LE631 million (US$105.9 million) for the full year to the end of…
Through transition, Central Bank seeks stability, maintains secrecy

Through transition, Central Bank seeks stability, maintains secrecy

The events of the past six months have shaken Egypt’s economy, drying up tourism and leaving international investors leery. But…
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