Business
World Bank appoints new Egypt country director
January 14, 2013
World Bank appoints new Egypt country director
The World Bank has appointed a new country director for Egypt, Yemen and Djibouti. Hartwig Schafer, the new director, will…
Islamic bonds law to be approved in days, says finance minister
January 14, 2013
Islamic bonds law to be approved in days, says finance minister
The draft law on sukuk (Islamic bonds) will likely be approved by all the relevant institutions, including the Finance Ministry,…
New finance minister supports IMF loan, lacks government experience
January 14, 2013
New finance minister supports IMF loan, lacks government experience
A public finance professor with an Islamic finance specialization, and no experience in government or politics, has been named the…
In promised dialogue on tax laws, serious discord
January 13, 2013
In promised dialogue on tax laws, serious discord
A government-sponsored dialogue on Egypt’s controversial tax law changes turned into an airing of grievances by political party…
Government seeks average growth rate of 7 percent
January 13, 2013
Government seeks average growth rate of 7 percent
Prime Minister Hesham Qandil said the government is seeking to reach an average growth rate of 7 percent by 2022.…
Qatar’s cash deposits raise questions of political leverage over Egypt
January 13, 2013
Qatar’s cash deposits raise questions of political leverage over Egypt
The rich Gulf state of Qatar has once again made a sizeable dollar deposit into Egypt’s central bank, bringing its…
Government struggles to get a sukuk law on the books
January 10, 2013
Government struggles to get a sukuk law on the books
Officials went to the drawing board with a controversial law on sukuk , or Islamic-sanctioned bonds, that was set to…
Consumer confidence deeply shaken at end of 2012, report shows
January 10, 2013
Consumer confidence deeply shaken at end of 2012, report shows
A nationwide lack of faith in the economy was reflected in a 15.8 percent slide in the consumer confidence index…
Stock exchange loses 5.2 bln Thursday; delay in IMF loan bad for market, says analyst
January 10, 2013
Stock exchange loses 5.2 bln Thursday; delay in IMF loan bad for market, says analyst
Stock indexes fell significantly at the end of trading on Thursday, influenced by heavy selling transactions made by foreign investors…