Economy

Egypt’s telecom regulator to send out final 4G licence terms on Sunday

Egypt’s telecom regulator to send out final 4G licence terms on Sunday

Egypt's telecoms industry regulator has approved the final terms for 4G mobile broadband network licences and will send the forms…
Egypt seeking $5 bn aid from Arab countries, international institutions

Egypt seeking $5 bn aid from Arab countries, international institutions

The Egyptian government has opened channels of communication with a number of Arab countries and international institutions to provide up…
How US sanctions targeted a Belize banana farmer, and hurt an economy

How US sanctions targeted a Belize banana farmer, and hurt an economy

When the United States blacklisted John Angel Zabaneh, a banana farmer and exporter in Belize, for alleged ties to a…
Govt legalizes 14 carat gold as Saudi jeweler L’azurde opens new line

Govt legalizes 14 carat gold as Saudi jeweler L’azurde opens new line

The Minister of Supply and Internal Trade Khaled Hanafy inaugurated on Tuesday an operation line for gold in coordination with…
Govt to reduce staffing levels to ease strain in budget

Govt to reduce staffing levels to ease strain in budget

Mohamed Meit, Assistant Minister of Finance for the treasury, has announced government plans to streamline employment within the state administrative…
Stocks at record highs as oil jumps

Stocks at record highs as oil jumps

U.S. stock indexes were trading at all-time highs on Monday, building on the record-setting rally of the past few weeks,…
British Airways offers support to Egyptian tour operators

British Airways offers support to Egyptian tour operators

British Airways has affirmed its support for Egypt's travel and tourism industry, stressing the need for joint action to support…
Egypt’s 2015/16 petroleum subsidy spending down 23 percent

Egypt’s 2015/16 petroleum subsidy spending down 23 percent

Egypt's spending on petroleum subsidies fell by 23 percent in 2015/16 to 55 billion Egyptian pounds ($6.27 billion), Tarek al-Hadidi,…
Combating deficit, Finance Ministry proposes raise on gov’t service prices

Combating deficit, Finance Ministry proposes raise on gov’t service prices

Egypt is mulling raising the prices of some 14 government services to generate additional revenue for the state budget, a…
Egypt’s finance minister expects first tranche of IMF loan in six weeks

Egypt’s finance minister expects first tranche of IMF loan in six weeks

Egypt expects to receive the first $4 billion tranche of a $12 billion three-year IMF loan facility within six weeks,…
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