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 0.53%. The broader index EGX 100 increased by 0.71%.
Latest by Hend El-Behary
The report revealed that public coffers allocated more than EGP 1bn to boost farmers during last three years.
12% expressed concern about crime and 7% about terrorism.
Minister dismisses 15 advisors for having connection with Muslim Brotherhood
Head of Arabian House of Consultancy for Financial and Economic Investment says aid a reflection of “a conflict, and to show loyalty and support to Egypt.”
The distribution, slated for July and August, will be carried out electronically and the government has emphasised that there will be no limits on consumption.
The law will affect all new homeowners, who will pay a tax of 10% on the total value of their property.
DPA’s sources said the canceling companies included Middle East Airlines, Kenya Airways, Royal Jordanian Airlines, Kuwait Airways and EgyptAir
Vacation planners serving Gulf tourists can enjoy incentives including discounts on EgyptAir flights as well as at some facilities, with the aim of luring larger numbers of Arab tourists to the country.
The report emphasised that 30.5% of youth have previously migrated without a visa; 80.9% of them had no contracts
In a sign of support to Egypt’s economy, which continues to reel from more than two years of unrest, Gulf states have pledged $12bn aid
In the first days following 30 June, Sinai saw 39 terrorist attacks, as clashes broke out between armed groups and security forces, with causalities reaching 58.
Slashing energy subsidies is one of the requirements set by the International Monetary Fund (IMF)to secure the proposed $4.8bn loan package.
Many domestic businessmen, however, disagree; a number have already expressed optimism since the ousting of former president Mohamed Morsi on 3 July, citing a mostly-gaining stock exchange benchmark index, a slight increase in the value of the local currency, and an influx of foreign aid.
Egypt’s ailing economy a deciding factor in shaping interim government, led by former Finance Minister and his aid, economist Zeyad Baha El-Din
Daily News runs briefed profiles of potential heads of economic portfolios
Debt has risen unprecedentedly since March 2012, reaching EGP 1.089tn, or 80% of the nation’s GDP, the Ministry of Finance said in a report published in March 2012.
The index of the US dollar internationally declined 1.5%.
Two days after the ouster of president Mohamed Morsi, the AU’s Peace and Security Council suspended Egypt from all union activities.
AmericanChamber of Commerce in Egypt tries to convey a correct image of Egypt’s unrest, while others call of boycotts of American goods
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 fund’s account number, 306306, refers to 30 June,when massive protests led to the ouster of Mohamed Morsi,Egypt’s first elected president.
Meanwhile, EGX 70 index, tracking small and medium sized companies increased to 1.44% and the broader EGX100 index inched upwards by 0.96.
Regarding Egypt’s request for a $4.8b loan from the International Monetary Fund (IMF), Toulba said negotiations will definitely be put on hold given the current lack of clear political leadership.
The trade volume on Tuesday had its highest rise in the past four months, reaching EGP 510m.
Egypt’s ailing tourism industry, Morsi’s policies in his first year failed to revive suffering tourism sector
During the game, which runs on the Android smartphone’s operating system, the player hears excerpts of Morsi’s speeches, which have stirred mockery among his critics, whenever a sheep shows up.
EGPC says consumption currently 10-20% above normal levels; Prime Minister Qandil blames smuggling
Benchmark EGX 30 index inches back up after a two-week tumble, hinting at easing protest concerns
Cards aimed at cutting smuggling, recording consumption
Rising cost of materials and devaluing currency important factors affecting the industry