Economy

Minister of Finance: Moody’s decision to change Egypt’s outlook to stable good news, but not enough

Minister of Finance: Moody’s decision to change Egypt’s outlook to stable good news, but not enough

The Egyptian Minister of Finance Hany Qadry Dimian on Tuesday said he considered the rise in the country's credit rating…
WB expert lauds Egypt’s economic reforms

WB expert lauds Egypt’s economic reforms

A senior expert at the World Bank has said that the world organization is not concerned with the absence of…
Supply minister unveils several projects underway

Supply minister unveils several projects underway

Supply and Domestic Trade Minister Khaled Hanafy said that President Abdel Fattah al-Sisi approved a proposal that he submitted to…
Steel protectionism stokes price hikes fears

Steel protectionism stokes price hikes fears

Steel traders have warned that imposing protectionism fees on their imports indicate a possible return to market hegemony for influential…
Telecommunications Minister: Telecom Egypt mobile license in best interest of sector

Telecommunications Minister: Telecom Egypt mobile license in best interest of sector

Fierce attacks have been made by the privately-owned mobile carriers against the state-owned Telecom Egypt, after beginning measures to receive…
Petroleum Ministry requests US$2 billion to import fuel for power plants

Petroleum Ministry requests US$2 billion to import fuel for power plants

The Ministry of Petroleum submitted a memorandum to Prime Minister Ibrahim Mehleb, asking for US$2 billion to import fuel oil,…
Israeli gas holds promise of better ties with neighbors

Israeli gas holds promise of better ties with neighbors

Israel's drive to export its new-found natural gas could help to rebuild strained ties with old regional allies Egypt and…
Importing 1 mn tons of wheat enough to raise reserves: Food industries company chief

Importing 1 mn tons of wheat enough to raise reserves: Food industries company chief

Egyptian ports will receive 1 million tons of wheat until February, raising wheat reserves through April. Hassan Kamel, head of the…
Investments plagued with low-qualified workers

Investments plagued with low-qualified workers

Egypt is suffering a clear lack of investments, which many businessmen who run factories in various industrial zones across the…
Egypt relies on Gulf aid for economy: Then what?

Egypt relies on Gulf aid for economy: Then what?

Egypt is engaged in a high stakes gamble, using billions of dollars from Gulf Arab allies to stimulate the economy and keep its…
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