Egypt’s Tax Hike on Wealthy to Last Three Years
A new 5 % surtax on the incomes of wealthy Egyptians will last for three years, the finance minister said on…
Mubarak Retrial on Killing Protesters Charges Adjourned to Monday
A Cairo criminal court on Saturday adjourned the trial of former Egyptian president Hosni Mubarak, along with his…
Cairo-Sokhna Road Opens Again after Floods – Governor
Suez Governor al-Araby al-Soroury said on Saturday that the Cairo-Sokhna Road has been opened again after its…
GIG Says EGP172mln Compensation under Settlements at March
Tarek Mahmoud, Head of Compensation Sector at Arab Misr Insurance Group GIG said the total value of GIG's reserves…
Egyptian Arab Land Bank May not Divest Overseas Branches amid Q1 Profits
In its upcoming board meeting, the Egyptian Arab Land Bank will reconsider a decision to divest its overseas…
In Week, Univert Tops Volumes Traded in NILEX, with 1.6mln
In a week, Univert for Food Industries S.A.E. topped the most active firms listed in the Egyptian bourse of SMEs…
U.S. Stocks Drop for Week as Tech Selloff Overshadows Fed
U.S. stocks fell for the week, giving the Nasdaq Composite Index (CCMP) its worst decline in a month, as a…
European markets close lower amid Ukraine tensions
European markets closed lower on Friday ahead of a proposed referendum of pro-Russian Ukrainians this weekend,…
Gold ends modestly lower; drops 1% on the week
Gold settled slightly lower on Friday, logging its second straight weekly loss as the dollar took support from euro…
Euro slips further but little faith in dollar rally
The euro slid further in early trade in Europe on Friday after strong words from European Central Bank chief Mario…