Economy

Egypt is planning new cuts to energy subsidies, says Finance Minister

Egypt is planning new cuts to energy subsidies, says Finance Minister

Egypt's Finance Minister Amr al-Garhy said on Sunday the government is studying the application of new cuts to fuel subsidies. The…
Egypt says foreign investment in treasuries set to reach $10-11 bln in one year

Egypt says foreign investment in treasuries set to reach $10-11 bln in one year

Egyptian Finance Minister Amr El Garhy said on Sunday he expected foreign investment in Egyptian treasury instruments to reach about…
Egypt’s $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min

Egypt’s $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min

Egypt's $12 billion three-year loan programme from the International Monetary Fund carries an interest rate of 1.5 to 1.75 percent,…
Egypt’s GASC draws seven offers in wheat purchase tender

Egypt’s GASC draws seven offers in wheat purchase tender

Egypt's state buyer GASC received sales offers from seven suppliers in an international tender to purchase wheat on Saturday, traders…
Egypt says foreigners will be able to repatriate profits soon -MENA

Egypt says foreigners will be able to repatriate profits soon -MENA

Egypt's Central Bank Governor Tarek Amer said on Friday that foreign investors would be able to repatriate profits and capital…
Egypt eases strategic grains import regulations

Egypt eases strategic grains import regulations

Egypt, the world's largest grain importer, is streamlining its import procedures and establishing a registry of companies that will inspect…
Will Mark Zuckerberg run for political office?

Will Mark Zuckerberg run for political office?

When a public figure hires a top political campaign manager and announces plans to tour the country, you assume he…
Russian delegation inspects Hurghada, Sharm el-Sheikh airports

Russian delegation inspects Hurghada, Sharm el-Sheikh airports

The Russian Transport Ministry announced the resumption of inspection visits at the airports of Hurghada and Sharm el-Sheikh with a…
As OPEC cuts, traders send European oil volumes to Asia

As OPEC cuts, traders send European oil volumes to Asia

European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to…
Nutella maker fights back on palm oil after cancer risk study

Nutella maker fights back on palm oil after cancer risk study

The $44 billion palm oil industry, under pressure in Europe after authorities listed the edible oil as a cancer risk,…
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