Latest Economy News
EGX booked EGP 6.3bn in gains previous week
Main indices jumped more than 1.7%
Government to switch to open source
Decision motivated by need to reduce government technological expenses and software imports
Sinai Development Agency proposes land sales to Egyptians expats
The Sinai Development Agency is considering a plan to sell land in…
European stock markets mostly fall
RBS shares jump, however, despite Libor fines
Mokhtar Ibrahim not awarded rights to a Cairo sewage maintenance programme
The Qatari government has refused to grant Egyptian Contracting the rights to…
Second stage of ‘Nation House’ programme for Egyptian expats launched
The programme will sell and distribute some 5,000 plots of land to…
NBE follows in Banque Misr footsteps
Bank raises interest rates on platinum by 2%
Standard & Poor’s: Gulf banks replace European banks in MENA
European banks are shedding assets outside of the MENA region to rebuild…
Cutting deficits without damaging growth
Average public debt in MENA countries is more than 78% of GDP,…
IFC to invest $6m in ‘Fawry’
The investment in 'Fawry' the electronic payment provider, will be used to…