Business
Egypt wants lower Israeli part requirement in trade agreement
November 2, 2012
Egypt wants lower Israeli part requirement in trade agreement
The Egyptian government has submitted a request to Israel to reduce the required percentage of Israeli-made parts in products included…
FJP leader: IMF loan approval contingent on adopting party’s economic reforms
November 2, 2012
FJP leader: IMF loan approval contingent on adopting party’s economic reforms
A Freedom and Justice Party leader demanded Thursday that the Cabinet adopt the party’s economic reform program in order for it…
Government moves to rein in energy subsidy bill
November 2, 2012
Government moves to rein in energy subsidy bill
The government has taken a first step to getting expensive energy subsidies under control, a key component of an economic…
Suspending mobile provider license threatens Telecom Egypt, says official
November 1, 2012
Suspending mobile provider license threatens Telecom Egypt, says official
A government official, speaking on condition of anonymity, has criticized the National Telecommunications Regulatory Authority (NTRA) for refusing to offer…
IMF and govt agree on economic program, official says
November 1, 2012
IMF and govt agree on economic program, official says
A senior government official said Thursday there has been a convergence of views between the IMF and the Egyptian government…
Pound weakens to near 8-year low as IMF talks resume
October 31, 2012
Pound weakens to near 8-year low as IMF talks resume
The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8…
Egypt negotiates 1.25-billion-euro loan
October 31, 2012
Egypt negotiates 1.25-billion-euro loan
The European Bank for Reconstruction and Development is granting Egypt a loan worth 1.25 billion euros next year, said an…
In going after corruption, Morsy breeds market anxiety
October 31, 2012
In going after corruption, Morsy breeds market anxiety
It began with a remark in a speech by President Mohamed Morsy at a celebration commemorating the October War. In…
FJP leader: No disagreements with govt on IMF loan
October 31, 2012
FJP leader: No disagreements with govt on IMF loan
There are no disagreements over the proposed IMF loan between the Freedom and Justice Party and the government, the head…
750,000 sheep and cattle worth LE2.75 billion slaughtered for Eid
October 30, 2012
750,000 sheep and cattle worth LE2.75 billion slaughtered for Eid
Veterinarians Syndicate President Sami Taha has said that 500,000 sheep and 250,000 cattle were slaughtered for Eid al-Adha. Official sources…