Business
IMF mission stays for more loan negotiations
November 14, 2012
IMF mission stays for more loan negotiations
The Central Bank announced Wednesday that an International Monetary Fund delegation is staying in Cairo for several more days to…
In lifting 95-octane subsidy, government takes small bite out of deficit
November 14, 2012
In lifting 95-octane subsidy, government takes small bite out of deficit
The Egyptian government has announced that it will lift the subsidy on 95-octane gasoline in the coming week, taking the…
In anti-IMF march, austerity fears and economic disillusion
November 13, 2012
In anti-IMF march, austerity fears and economic disillusion
Several hundred protesters gathered on Monday evening outside the stock exchange building in downtown Cairo and marched to the headquarters…
Update: Political groups stage march against IMF loan
November 12, 2012
Update: Political groups stage march against IMF loan
A number of political groups staged a march Monday evening from the Egyptian Stock Exchange building in downtown Cairo to…
Chairman to hand over Ampal to bondholders as debt talks stall
November 12, 2012
Chairman to hand over Ampal to bondholders as debt talks stall
JERUSALEM — The chairman of Ampal-American Israel Corporation has decided to hand the company over to its bondholders after an…
Telecom Italia says Egyptian tycoon seeking stake
November 12, 2012
Telecom Italia says Egyptian tycoon seeking stake
Egyptian billionaire Naguib Sawiris has made an offer to invest in Telecom Italia, which has been hit hard by the…
Government plans new deficit-reduction steps
November 11, 2012
Government plans new deficit-reduction steps
Egypt's government has proposed tax changes and reducing energy subsidies to cut a budget deficit running at about 11 percent…
Company awarded for preparedness during 25 January uprising
November 11, 2012
Company awarded for preparedness during 25 January uprising
A Cairo-based call center company has received an international award for its preparedness and emergency management strategies employed…
IMF: Arab Spring economies to recover slowly in 2013
November 11, 2012
IMF: Arab Spring economies to recover slowly in 2013
Most economies hit by the Arab Spring uprisings will recover only slowly next year as they grapple with high inflation…