Economy

Egypt seeks finance packages at US$6 bn

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

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

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

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

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

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

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

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

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

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…
Back to top button