Business
Egypt to issue schedule next month for gradual fuel subsidy cuts
April 24, 2013
Egypt to issue schedule next month for gradual fuel subsidy cuts
Egypt aims next month to issue a schedule of gradual rises in the subsidised prices various industries pay for fuel,…
Borsa struggles under heavy hand of government
April 24, 2013
Borsa struggles under heavy hand of government
Egyptian fund manager Mohamed Ayad watched his clients lose money for months until he himself became a victim of the…
Egypt wants bigger share in future oil, gas contracts
April 24, 2013
Egypt wants bigger share in future oil, gas contracts
Egypt will seek a bigger share of production in future oil and gas exploration contracts signed with foreign companies, its…
IMF delegate claims Egypt loan to be finalized in May
April 24, 2013
IMF delegate claims Egypt loan to be finalized in May
Egypt and the International Monetary Fund have agreed on the main aspects of a US$4.8 billion loan and the deal…
Egypt sees 3.8% growth in next fiscal year
April 23, 2013
Egypt sees 3.8% growth in next fiscal year
Egypt said its economy would grow by 3.8 percent in the fiscal year starting in July as ministers outlined the…
Govt warns of high poverty, unemployment as budget released
April 23, 2013
Govt warns of high poverty, unemployment as budget released
The government announced a LE820.1 billion budget for fiscal year 2013/2014 on Tuesday that will grow the state's deficit to…
Stocks fall Monday ahead of expected Cabinet reshuffle
April 22, 2013
Stocks fall Monday ahead of expected Cabinet reshuffle
The stock exchange indexes tumbled at the end of trading on Monday, suffering from a lack of liquidity, declining purchasing…
IMF and Egypt: No news is more of the same
April 22, 2013
IMF and Egypt: No news is more of the same
In a statement released on 21 April, the International Monetary Fund said that its Managing Director Christine Lagarde met with…
Report: IMF loan expected next month
April 21, 2013
Report: IMF loan expected next month
Egypt may secure an International Monetary Fund loan agreement in about a month, state news agency MENA reported, quoting "informed"…