Business
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"…
Russia says Egypt asks for help with gas supplies to Europe
April 20, 2013
Russia says Egypt asks for help with gas supplies to Europe
MOSCOW — Egypt, struggling to meet domestic energy demand, has asked Russia to help it fulfill its gas supply contracts with…
Central Bank: Qatar’s promised $3 bn in aid not yet received
April 20, 2013
Central Bank: Qatar’s promised $3 bn in aid not yet received
Central Bank of Egypt Governor Hesham Ramez said Egypt has not yet received a Qatari deposit of US$3 billion intended…
Islamic Development Bank promises major investments in Egypt
April 18, 2013
Islamic Development Bank promises major investments in Egypt
The Islamic Development Bank plans to pump US$3 billion into the Egyptian market over the next five years, said on…
IMF chief says back to the drawing board on Egypt talks
April 18, 2013
IMF chief says back to the drawing board on Egypt talks
The International Monetary Fund said on Thursday it has not reached a deal with Egypt regarding a loan program, adding…