Economy
Minister of Finance: Moody’s decision to change Egypt’s outlook to stable good news, but not enough
October 21, 2014
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
October 20, 2014
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
October 19, 2014
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
October 18, 2014
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
October 16, 2014
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
May 2, 2014
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
April 14, 2014
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
January 26, 2014
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
November 10, 2013
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?
November 10, 2013
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…