Business

Libya mulls aid for Egypt

Libya mulls aid for Egypt

Libya is considering extending financial aid to Egypt to help its North African neighbor overcome a severe economic crisis, Libyan…
Egypt to import Libya oil, pay down energy debt

Egypt to import Libya oil, pay down energy debt

Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of…
Rise in factory closures reflects Egypt’s compound economic malaises

Rise in factory closures reflects Egypt’s compound economic malaises

Time and time again, officials have accused ongoing protests, workers’ strikes and labor action of halting the so-called wheel of…
Cement price surge puts a damper on construction materials sector

Cement price surge puts a damper on construction materials sector

As inflation and energy shortages strike Egypt’s economy, construction materials producers are feeling the crunch. The cement industry, in particular,…
For Egypt and Iraq, economic cooperation overshadows political talk

For Egypt and Iraq, economic cooperation overshadows political talk

Prime Minister Hesham Qandil’s recent visit to Iraq may mark the beginning of a new era in a history of…
Stock market rises after news about Orascom settlement

Stock market rises after news about Orascom settlement

Heavyweight Orascom Construction Industries gained 2.6 percent after a choppy session on unconfirmed news reports it would soon resolve a…
Standard Chartered would consider Egypt buy, plans Iraq push

Standard Chartered would consider Egypt buy, plans Iraq push

DUBAI — Standard Chartered would consider acquiring a bank in Egypt to ride an expected boom in one of the…
Back to top button