Economy
Egypt seeks finance packages at US$6 bn
October 18, 2015
Egypt seeks finance packages at US$6 bn
Egypt’s government said negotiations have intensified over the past few days to obtain US$6 million in financing packages to offset…
Govt rumored to be planning withdraw from its share in pension funding
October 17, 2015
Govt rumored to be planning withdraw from its share in pension funding
In 2006, the Egyptian Government caused a stir regarding its plans to pay for pensions through official statements touting its…
Stocks at two-month highs, dollar up; oil down for week
October 17, 2015
Stocks at two-month highs, dollar up; oil down for week
Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views…
Egypt to host Arab-Russian economic summit before year’s end
October 15, 2015
Egypt to host Arab-Russian economic summit before year’s end
Egypt will host an Arab-Russian economic summit before the end of the year with the participation of representatives from Arab…
Govt rice mills cry out for help against imminent collapse
October 14, 2015
Govt rice mills cry out for help against imminent collapse
Stakeholders and workers unions at six government-owned rice milling companies have demanded an intervention by the Cabinet to save the…
China third-quarter growth seen dipping to 6.8 percent, weakest since 2009
October 14, 2015
China third-quarter growth seen dipping to 6.8 percent, weakest since 2009
China's economic growth is expected to fall below 7 percent for the first time since the global financial crisis in…
LE1.5 billion earmarked for parliament, municipal polls: FM
October 14, 2015
LE1.5 billion earmarked for parliament, municipal polls: FM
The Finance Ministry has allocated LE1.5 billion to cover expenditures on the House of Representatives elections, as well as polls…
Egyptian PM meets FECC members on economic challenges
October 14, 2015
Egyptian PM meets FECC members on economic challenges
Prime Minister Sherif Ismail held a meeting Tuesday with the chairman and representatives of the Federation of Egyptian Chambers Of…
Egypt’s market loses LE40 mn on Tuesday, indexes mixed
October 13, 2015
Egypt’s market loses LE40 mn on Tuesday, indexes mixed
Egypt's stock market indexes were mixed during Tuesday's session, as the benchmark EGX30 index inched up 0.26 percent, while the…
A government under economic siege
October 13, 2015
A government under economic siege
Central Bank data has revealed a 4.3 percent increase in net foreign debt in the recently completed fiscal year, recording…