Business

Business

10:54
The International Monetary Fund confirmed on Tuesday that Egypt has asked it for financial support program and said an IMF staff mission will visit Cairo for about two weeks starting July 30. "We welcome this...
14:00
Business activity in Egypt shrank for the eighth straight month in May but at a lesser extent than previous three months, a survey showed on Sunday. The Emirates NBD Egypt Purchasing Managers Index (PMI) for the non-oil...
15:42
Prime Minister Sherif Ismail
In an effort to tap into unused public sector assets, Prime Minister Sherif Ismail held a meeting Tuesday over plans to establish a Sovereign Wealth Fund.   A collection of finance ministry staff, experts from...
16:01
Egypt's central bank sold US$118.7 million at its regular rate of 8.78 to the dollar at Tuesday's sale. Egypt's pound strengthened on the black market, traders quoting rates of 10.40/10.50 to the dollar,...
15:48
Businessman Naguib Sawiris
Egyptian billionaire Naguib Sawiris said on Sunday his bid to acquire CI Capital, the investment arm of Egypt's largest listed bank, was being held up by national security concerns. He criticised the state for...

Video

Spanish police arrested Egyptian businessman Hussein Salem late last week on charges of money...

Economy

Cotton farmers
A scandal involving the alleged sale of falsely labeled Egyptian cotton...
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