03 Feb 2013
As money sent home from Egyptians abroad reaches a record level, President Mohamed Morsy and his government have pinpointed this source of income as one of the key tools in their diminishing arsenal against the country’s financial...
31 Jan 2013
In an economic environment that is both short on capital and optimism, a small but hardy group of startup enterprises is finding its way in a transitional Egypt.
Facing regulatory obstacles and difficulty finding investors, tech industry...
30 Jan 2013
President Mohamed Morsy’s decision to appoint Hesham Ramez as the new Central Bank of Egypt chief in January was unsurprising to many. Rumors of Farouk Oqda’s possible resignation had been swirling for months, despite the fact...
29 Jan 2013
Businesses remained open on Monday night in Suez, Ismailia, and Port Said, in defiance of curfew from 9 pm to 6 am imposed on the Suez Canal region’s major cities, according to business leaders in the region.
“The people of...
27 Jan 2013
As Egypt's banking sector struggles under the weight of a credit crunch, Arab banks are seeing the crisis as an opportunity to acquire and invest in some of the country's largest financial institutions.
With the completion of the...
25 Jan 2013
Nearly two years after demonstrators first started trickling into Tahrir Square, chanting against corrupt government practices and calling for former President Hosni Mubarak to step down, officials say not one cent of allegedly stolen...
23 Jan 2013
International oil and gas companies see great potential in Egypt, but say they are frustrated with the current state of concession agreements, which in some cases provide “perverse incentives” and discourage investment, among...
20 Jan 2013
Orascom and a group of American investors, among them Microsoft giant Bill Gates, have set into motion a transaction set to transition Orascom Construction Industries into a Dutch company to be known as OCI N.V.
The transaction will...
18 Jan 2013
Officials went to the drawing board with a controversial law on sukuk , or Islamic-sanctioned bonds, that was set to go before the Shura Council last week.
The Cabinet approved a new draft law on Islamic bonds, along with...
15 Jan 2013
A delegation of high-level UK officials are in Cairo this week to discuss the return of assets obtained illegally by figures associated with the former Mubarak regime.
The UK's delegation is led by Jeremy Browne MP, Minister of State...