Economic experts weight in on the effects of ongoing violence
Latest by Sara Aggour
The Central Bank of Egypt ordered banks to close their branches at 12pm.
Political turmoil led to short-lived cabinets, uncompleted economic strategies and unqualified officials
The seaside units are expected to be constructed by 2015
Telecom Egypt chief executive officer Mohamed El-Nawawy comments on incorrect media reports
Ongoing discussions to restore halted cattle trade between the two countries.
Several young Egyptian restaurateurs targeted the country’s middle class and high spending on food to launch their specialty diners, yielding success
World bank conducts a research to assess the true value of income inequality.
Annual inflation increases to 10.28% in July compared to 9.75% in June
UNICEF guides its country offices to create technology programmes that addresses the educational needs of children
MENA had the highest unemployment rate of all regions in 2012, at 19%
Financial donations to be distributed after Eid Al-Fitr
915 cases of customs evasion and violation between January and June
The financial monthly bulletin issued by the Ministry of Finance showed the total issuance of bonds for May and June registered EGP 54.5m and 47.5m, respectively.
The retail store will be restored to public ownership
A new mobile application promotes frozen treats
Other companies that will be delisted from EGX30 are Raya, Egyptian for Tourism Resorts (EGTS), Citadel Capital (CCAP), Alshams Company (ELSH) and the National Real Estate Bank for Development (NRPD).
The programme aims to help small and medium sized companies promote their games
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 remaining shares of OCI SAE include 0.47% listed in global depository receipts (GDRs) in the London Stock Exchange, 0.51% in American depository receipts (ADRs) on the New York Stock Exchange, and 1.58% on the Egyptian stock exchange.
Low rates of usage for the service were the result of political turmoil
The second quarter growth was less than the first quarter, which saw an increase of 2.4% of the GDP
Spokesman says the decision to engage with the interim government depends on shareholders
The company described the environment for investment in Egypt as “challenging”.
Halalgoogling filters out haram results for users
The benchmark index closed at 5,359.57 points, down from 5,451.72 on Monday, after Sisi asked for a popular mandate for the army to “confront violence and terrorism.”
The agency stated that Egypt’s rating could be downgraded further if there were an intensification of political unrest or instability in the banking system.
Long history of transportation incidents to challenge new transport minister
Abdel Nour said despite the difficult circumstances the economy is experiencing, the ministry is committed to realising success in order to reach social justice, stability and restore the confidence of local and foreign investors.
The financial support is said be distributed on the 27th of Ramadan, 5August; however no official statement was issued by the ministry.