Power stations in Banha, Ain Sokhna and Giza shut down
Operations at the stations were put on hold after they were surrounded…
NBE achieves EGP 2.8bn net profits during FY 2011/12
The National Bank of Egypt's (NBE) public assembly published the bank's financial…
Sokhna Port strike caused EGP 600m in losses for customs authority
Operations at the port were on hold completely for 16 days due…
CIB organises workshop to advertise SME services
The workshop, ‘Exchange Services for Companies’, targets SMEs and is organised in…
Resumption of negotiations with Arab countries to obtain financial aid
Egypt’s government resumed negotiations with a number of Arab countries to push…
Fitch expects delay in IMF deal
The global credit rating agency announced today that it expects a delay…
Stock market experts slam new taxes
The tax on transactions will have a ‘disasterous’ effect on an already…
Locusts swarm poses threat to crops
Vast numbers of locusts targeted areas of Upper Egypt, Hamata, Baranis, Sheikh…
Workers’ strike continues amid Morsi’s economic decisions
Workers have been demanding permanent working contracts, while protesting price hikes and…
Shura Council to deliberate tax reform bill within 48 hours
Finance Minister Al-Morsi Hegazy left 15 minutes into the Ministry's press conference…