US economy contracts in Q1 '25    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    EGP closes high vs. USD on Wednesday    Germany's regional inflation ticks up in April    Taiwan GDP surges on tech demand    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Bassem Abou Alabass
Market Report: Egypt's high-caps dip amid political tensions
Egyptian stock exhange reversed its recent gains on Tuesday, returning to the red as a crackdown on Cairo protests and speculation about the former president's upcoming trial sparked a foreign sell-off of high-cap shares. The EGX30 benchmark (...)

02 - 08 - 2011
Ezz Steel welcomes Ramadan with a price hike of $857 per ton
Egypt's Ezz Steel says it has raised its steel rebar price by 3.1 per cent to US$857.1 per tonne (LE4,800) in August after keeping the price fixed at $830.3 (LE4,650) for the last two months. A source at Egypt's largest steel producer said (...)

01 - 08 - 2011
Market Report: Mild rise for Egyptian shares on first day of Ramadan
Egypt's stock benchmark continued its slight surge for the second consecutive day, the EGX30 index edging up 0.74 per cent to reach 5,073 points in its first session during the holy month of Ramadan. "The slight surge was mainly because of the (...)

01 - 08 - 2011
Egyptian and Jordanian delegates call for the military to reopen Taba Heights
Egyptian Foreign Ministry officials have met with representatives of Jordanian tourism companies and agreed to recommend that the Supreme Council of the Armed Forces (SCAF) reopen Taba Heights port, which was closed last month. A Jordanian (...)

12 - 07 - 2011
Egypt works with Sudan to boost food security
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24 - 05 - 2011
Market Report: Egyptian stocks beat the retreat on overseas trade
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24 - 05 - 2011
Market Report: Profit gains put quick end to EGX30 surge
Egypt benchmark index EGX30 partly reversed yesterday's upturn to drop 1.3 per cent, reaching 5.333 points in Monday trade. “It was expected after the 3 per cent jump in Sunday's session … it is time for [investors to sell off and take] (...)

23 - 05 - 2011
Egyptians overcome cash liquidity drop with credit cards
Visa, Mastercard and Egyptian banks have broadened their credit-granting activities in a bid to push up Egypt's diminished purchasing power, badly hit by prices hikes and low wages. Many banks believe current troubles give a good opportunity for (...)

22 - 05 - 2011
Egypt's Talaat Moustafa Q1 profits down but resilient
Talaat Moustafa Group (TMG), Egypt's biggest listed developer that is mired in a legal row over its flagship project posted a 48 per cent drop in first-quarter net profit on Wednesday. But the profits, even though they're trimmed, are a sign that (...)

18 - 05 - 2011
Market Report: Egypt benchmark index rises on ex-tourism minister jail news
Egypt's bourse welcomed the news of the five-year prison sentence announced today for former tourism minister, Zoheir Garana. EGX30 continues its upward trend for the third consecutive day as the main index bounds 0.91 per cent to 5,002 points, (...)

11 - 05 - 2011
Omar Effendi verdict revealed corruption in public sector: Khaled Ali
After the verdict of the Administrative Court to annul the deal that saw a Saudi businessman purchase 90 per cent of chain store Omar Effendi, many companies are hoping to be restored to the public sector “El-Nubaria for Agricultural Engineering (...)

07 - 05 - 2011
Market Report: Wednesday's session ends in red on Palm Hills sour note
The market maintained a negative downturn in Wednesday's trading session, with the EGX30 falling by 0.32 per cent to end at 4,973 points. ‘People are watching the last 48 trading hours in April, so they are afraid of any decision, especially (...)

27 - 04 - 2011
Market report: EGX30 dips 1.4 per cent in the midweek session
Egypt's benchmark stock index EGX30 dipped 1.42 per cent to reach 5,202 points in Tuesday's midweek session, with the impact of political tensions. Egyptians concerned by the events since last weekend became net sellers of LE 13.1 million, having (...)

12 - 04 - 2011
Egypt's financial watchdog: We have to regain the trust of investors
Stamping out corruption in the Egyptian Financial Supervisory Authority will be a top priority, said new chairman Ashraf El-Sharkawy at the first EFSA press conference since his appointment in mid-February. In a charged three-hour meeting with (...)

06 - 04 - 2011
Market report: Attractive prices push EGX30 up 1.7 per cent
Egypt's main index closes on a rise of 1.7 per cent with 5,558.64 points due to low share prices, which made foreign investors net buyers by LE11.7m Shares of "anti-revolution" companies return to lead the market, represented by Ezz shares, which (...)

03 - 04 - 2011
Leading companies pull Egyptian stock index up 5 per cent
Egypt's bourse benchmark the EGX30 edged up 5.1 per cent to 5,206.97 points on Sunday, the first rise in three days of resumed stock market trading. "Heavy-weighted companies pulled the index up," says Mohammed Assran, Vice Chairman of Pioneers (...)

27 - 03 - 2011
Opening of Egyptian Bourse postponed - again
“The date for the re-opening of the Egyptian Exchange has not been yet been set, and it is undercabinet control now” Sobhy Shehata, spokesman of the Egyptian Financial Supervisory Authority (EFSA), told Ahram Online. There is much speculation (...)

15 - 03 - 2011
Labour ministry to set minimum wage
"The minimum wage problem will be settled within 3 to 6 months," announced Ahmed Hassan El-Borai, the newly-appointed minister of labour and migration, adding that the National Council for Wages, which was responsible for setting it in Mubarak's (...)

14 - 03 - 2011
Egypt's labour minister to stop issuing work permits to foreigners
The new Minister of Labour and Immigration Ahmed Hassan El-Borai declared that Egypt will stop issuing work permits for foreigners in the coming period, offering Egyptian workers a hope for jobs in this new era. El-Borai announced yesterday that (...)

12 - 03 - 2011
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