Business
Experts fear political unrest could deal further economic blow
November 24, 2012
Experts fear political unrest could deal further economic blow
Economic experts and investors have warned that Egypt’s ongoing political instability could harm the still-fragile economy, stressing that economic indicators…
Egypt calls on Western countries to return smuggled funds
November 24, 2012
Egypt calls on Western countries to return smuggled funds
Justice Minister Ahmed Mekky called on Western countries to help the Arab people by returning money in their banks smuggled…
Franchises are on the rise, despite a rough economy
November 24, 2012
Franchises are on the rise, despite a rough economy
Egyptian shoppers are likely to see even more big-name brands gracing their malls and shopping centers in the coming years,…
Cooking with economy in Ard al-Lewa
November 22, 2012
Cooking with economy in Ard al-Lewa
Um Islam, of the informal Ard al-Lewa neighborhood in northwest Giza, knows just where to find the cheap and good-sized…
Jordanian official: Cairo compensates Amman for natural gas outages
November 21, 2012
Jordanian official: Cairo compensates Amman for natural gas outages
A Jordanian government source said on Wednesday that Egypt is currently compensating Jordan for supplying lower than agreed upon amounts…
Cabinet to remove subsidies for octane 95 gas
November 21, 2012
Cabinet to remove subsidies for octane 95 gas
The Cabinet will remove subsidies on octane 95 gasoline, International Cooperation and Planning Minister Ashraf al-Araby said Wednesday.
Egypt to finalize IMF loan agreement in December, source says
November 21, 2012
Egypt to finalize IMF loan agreement in December, source says
A leading member of the Egyptian team negotiating the terms of a US$4.8 billion International Monetary Fund loan said the…
PM: Investments increased to LE55.6 billion
November 20, 2012
PM: Investments increased to LE55.6 billion
Prime Minister Hesham Qandil on Tuesday said the government has increased investments to LE55.6 billion this year. “The aspirations of…
Sealing the deal: Egypt closest it’s been to securing IMF loan
November 20, 2012
Sealing the deal: Egypt closest it’s been to securing IMF loan
Egypt reached a preliminary agreement with an International Monetary Fund delegation Tuesday, putting into action the disbursement process for a…
Egypt reaches preliminary deal for US$4.8 billion IMF loan
November 20, 2012
Egypt reaches preliminary deal for US$4.8 billion IMF loan
Egypt has reached a preliminary agreement with a team from the International Monetary Fund for a US$4.8 billion loan,…