Bourse chairman says tightening regulations, monitoring key
Problems with regulation and monitoring as well as the lack of a mature, aware investor base are the main obstacles facing Egypt’s stock exchange in the coming period, Khaled Serry…
Nazif on Egypt’s economy, Rachid talks trade developments
The economic crisis has impacted foreign direct investment (FDI) inflows into Egypt, Minister of Trade and Industry Rachid Mohamed Rachid said Wednesday at the closing of the Euromoney conference in…
HC, Viveris Mashrek partner on SME fund
HC Securities and Investment partnered with Viveris Mashrek to manage a small and medium enterprises (SME) investment fund to be launched by the General Authority for Investment (GAFI), the firm…
HC starts coverage of Egypt’s El Sewedy
HC Brokerage initiated El Sewedy with a "neutral" rating, and said while the company's cable profitability remains superior compared with peers, it is not entirely immune to overcapacity in the…
Egypt aims to cut poverty to 15 pct from 20 pct by 2015
Egypt's Economic Development Minister said on Wednesday the country's poverty rate could be reduced to 15 percent from 20 within five years. "I would say by 2015, we could reach…
Algeria seeks $230 mln in new back taxes from OT
Egyptian mobile firm Orascom Telecom (OT) said on Thursday its Algerian unit had received a new tax request amounting to about $230 million, a move that escalates the firm's row…
No need to renew Egypt’s cement export ban: minister
Egypt does not need to extend a ban on cement exports that expired on Wednesday, the country's trade minister said. "Today while we sit here, the ban on export of…
Karama Party leader calls for revival of Nasser’s policies
CAIRO: Founder of Al-Karama Party Hamdeen Sabahi called for the revival of socialist economic policies of the Nasserite era and the re-nationalization of privatized public properties. Delivering a passionate speech…
BlackBerry maker offers tablet aimed at businesses
NEW YORK – The company that gave us the BlackBerry - still the dominant phone in corporate circles - thinks its business customers will have room in their briefcases for…
China to launch second lunar probe this weekend
BEIJING – China's space ambitions are forging ahead with plans to launch the country's second unmanned lunar probe this weekend. The Chang'e II probe will be shot into space sometime…
