Finance minister promises no new taxes
Galal announced that no property taxes or income taxes would be modified…
Central bank reduces its interest rates by 50 basis points
According to a statement on the bank’s website, the discount and repurchasing…
Moody’s downgrades Bank of Alexandria’s rating to B3
Moody’s stated the rating action was driven by the firm’s “view that…
IMF waiting for the “right time” for loan negotiations
The global lender said all discussions are being held with the technical…
Non-petroleum exports surge in Q2 of 2012/2013
Exports registered EGP 16.3bn in the same period last year.
Egypt’s Stock Exchange launches new website
The website was in a testing phase on Wednesday and was scheduled…
Managing Director of Jumia Egypt: Egyptians are always eager to try something new
“The good thing about starting online shopping in Egypt is that Egyptians…
Economic instability affects construction sector: report
Gleeds Construction Consultancy Egypt says devaluation of the local currency is likely…
Stock exchange profits despite violence
Ninety-three stocks rose in Sunday’s trading, while 31 dropped and 30 others…
Finance minister directs Gulf aid to foreign reserves and state budget
Expert: Value of aid is “economically misleading” and unlikely to raise the…