Stock market witnesses first gain in a week
The bourse registered its first gain since the Ministry of Interior dispersed sit-ins in support of former president Mohamed Morsi
Latest in Tag: June 30th Highlight
Latest in Tag: June 30th
Increase in attacks on Christians worrying: ESDP
The party urges Islamists and state institutions to fight “damned sectarianism”
Abed Al-Lahi puts forth a reconciliation initiative with the Egyptian-Qatari Business Council
The initiative discusses all issues having to do with the council previously brought forth before the country’s judiciary, either by Abed Al-Lahi himself or by other representatives from the council.
Egypt’s banking sector is optimistic about change
Recent improvements seen in the stock market and decreases in the cost of insuring government debt have reflected positively on the feelings of those working and operating within the sector, who recently decided to decrease return rates on Treasury bonds by 1%
Rising instability pushes reinsurance companies to raise the price of their political violence policies
Recent spikes in violence may cause such companies to refuse coverage all together to those companies and institutions exposed to high levels of risk.
Sawiris: My family will pump billions of dollars worth of investments into Egypt following the 30 June uprising
Sawiris further said in a statement made to Reuters that Morsi sought to reign in and contain a number of Egypt’s leading businessmen and companies through the imposition of stringent new tax laws due to their position as members of the country’s opposition.
Reactions vary to Tamarod’s 30 June plans
Tamarod’s call for mass protests is met with mixed results from political parties.