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A public finance professor with an Islamic finance specialization, and no experience in government or politics, has been named the country’s new finance minister. Al-Morsy Hegazy was appointed by President Mohamed Morsy on 6 January to replace...
The past month in Egypt has been a critical period in terms of testing the international community’s appetite for the domestic political agenda of the Muslim Brotherhood. In the run-up to the ongoing referendum on the constitution, President...
Several hundred protesters gathered on Monday evening outside the stock exchange building in downtown Cairo and marched to the headquarters of the Cabinet to protest the government’s negotiations with the International Monetary Fund over a...
  Prime Minister Hashem Qandil announced last month his government’s intention to issue one or two rounds of sukuk, a type of Islamic financial product, before the end of 2012. He offered few particulars, but the reaction of the business...
In a visit to Egypt in late August, US Under Secretary of State Robert Hormats announced a US$34 million loan guarantee extended to HSBC Bank by USAID in support of small- and medium-sized enterprises, or SMEs. The initiative is part of the agency...
The Middle East investment giant Abraaj Capital and the US Overseas Private Investment Corporation (OPIC) are planning to invest US$150 million in small and medium sized businesses in Egypt, in one of the first steps the US has taken toward...