Business
Removal of Tantawi and Anan looks positive but Egypt still at risk, says Fitch
August 14, 2012
Removal of Tantawi and Anan looks positive but Egypt still at risk, says Fitch
Fitch Ratings has said that President Mohamed Morsy's removal of the two senior leaders of the Supreme Council of…
Egypt to sign US$200 mn World Bank loan
August 13, 2012
Egypt to sign US$200 mn World Bank loan
Egypt will sign a US$200 million loan with the World Bank Tuesday, state news agency MENA reported. Planning and International…
Egypt expects Qatar deposit within a week, minister says
August 13, 2012
Egypt expects Qatar deposit within a week, minister says
Qatar should deposit US$500 million in Egypt’s central bank within a week, the Egyptian finance minister said, as the country…
Stock market scores LE1.6 billion in profits on Monday
August 13, 2012
Stock market scores LE1.6 billion in profits on Monday
A military reshuffle ordered by President Mohamed Morsy on Sunday pushed the stock market to remarkable gains at the beginning…
Egypt gas exports increase in first quarter, but production drops
August 9, 2012
Egypt gas exports increase in first quarter, but production drops
Egypt's exports of natural gas and its derivatives rose by 8.9 percent in the first five months of 2012,…
Investment in Arab states rises despite unrest
August 7, 2012
Investment in Arab states rises despite unrest
Total foreign and domestic investments in Arab states rose slightly last year despite widespread unrest, the Kuwait-based Arab Investment and Export Credit Guarantee Corp. said…
Out in the dark
August 5, 2012
Out in the dark
“We won’t pay!” is the name of a campaign launched by the Socialist Popular Alliance on Thursday to persuade citizens…
Qandil’s economic appointments maintain status quo in weakened govt
August 3, 2012
Qandil’s economic appointments maintain status quo in weakened govt
As Prime Minister Hesham Qandil was unveiling the new Cabinet, unrest ensued in parts of the country. One person died…
New Cabinet no quick fix for flailing economy
August 2, 2012
New Cabinet no quick fix for flailing economy
As Egypt's first permanent government since the overthrow of Hosni Mubarak took shape on Wednesday, the first names to emerge…
Egypt accepts World Bank loan criticized by Salafis
August 1, 2012
Egypt accepts World Bank loan criticized by Salafis
The World Bank has agreed to give Egypt a loan of US$200 million to fund the upgrade of sanitation and…