BNP Paribas Egypt and USAID/Egypt today signed a deal with LEAD Foundation, loaning the organization a sum of LE 27 million ($4.6 million) over 3 years.
The loan will give around 20,000 – 25,000 entrepreneurs the opportunity to borrow money, (...)
Jordanians will protest tomorrow, Sunday, at 4:00pm in front of the House of Representatives against high prices, the secretary of the Jordanian News Agency, Hala Al-Hadidi, told Ahram Online.
The protest is organised by the High Coordinating (...)
"The Egyptian pound is depreciating big time," says executive director of the Egyptian Center for Economic Studies (ECES), Magda Qandil.
She adds that further depreciation would harm our exports to the EU and increase inflation due to the (...)
The Ministry of Finance signed Thursday an agreement with five banks on a new stimilus package for the economy.
"Make your dreams come true" is the name of this package, which aims to bring "flourish to the national economy, industry and domestic (...)
The administrative court will consider on Tuesday the cases of Palm Hills Development (PHD) and the Kingdom for Kingdom Agricultural Development land acquisition, which allegedly violate the law regulating tenders and auctions.
The government has (...)
Egyptian bonds were awarded the title of "Best bonds in 2010 in Europe, Middle East and Africa" by International Financing Review (IFR), according to a press release.
Last April, the Egyptian government successfully issued $1.5 billion bonds in (...)
Mit Ghamr Spinning workers will not get their salaries until they end their sit-in and return to work, says Mohsen El Gilani, Chairman of the Holding Company for Cotton, Spinning and Weaving.
Over eight hundred workersfrom the public sector Mit (...)
Egyptian banks are mulling over the new stimulus package proposed by the government, which will allow government employees to take out loans against their salaries.
The government estimates that the plan will involve loans reaching a total of (...)
Measures to ease the kafeel system in the United Arab Emirates is welcomed by the general director of the Arab Labor Organization, Ahmad Luqman, who described the steps as, essentially, the "cancellation" of the internationally criticized (...)
European car sales will increase every year due to an agreement made with the European Union, imposing an annual cut to custom tariffs and making prices more tempting for consumers.
The Association Agreement with the EU, which came into effect in (...)
EGX30, the main stock market index, barely skipped a bend over, rising 0.32 per cent to 6,938 points. The total turnover was LE486 million, with 112 shares declining and 59 rising.
“The investors rushed to sell today, to reap the profits from the (...)
Corruption increased in MENA (Middle East and North Africa) countries during the past three years. It is widespread in forms both petty and grand, reported the Global Corruption Barometer 2010, released Thursday on the occasion of International (...)
“National bank of Egypt and Tri-Ocean Oil Company are the newcomers to the Ghanaian market,” announced Vice Chairman of the General Authority for Investments and Free Trade zones (GAFI) Neveen El Shafei, during the opening of the Ghana-Egypt Trade (...)
The EGX 30 dropped slightly by 0.33%, ending the day at 6682 points, "with the bulk of the selling pressure headed by foreign institutions” says Omar Darwish, equity sales trader at CI Capital Holding. Volumes remain at average levels, however, (...)
Finance Minister Youssef Boutros Ghali has announced a LE20 billion stimulus package – the third such package since the beginning of the 2008 world economic crisis. This package will be financed by the commercial banks under the supervision of (...)