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Public debt swelled, IMF loan pivotal, says finance minister

Public debt swelled, IMF loan pivotal, says finance minister

Finance Minister Momtaz al-Saeed told the Shura Council on Wednesday that Egypt is in desperate need of the International Monetary…
Saudi businessmen intend to invest in Egypt, says minister

Saudi businessmen intend to invest in Egypt, says minister

Trade and Industry Minister Hatem Saleh said at a meeting with the Egyptian-Saudi Business Council Wednesday that there are Saudi…
Egypt public debt reaches record LE1.386 trillion

Egypt public debt reaches record LE1.386 trillion

Domestic public debt in Egypt has reached an unprecedented LE1.386 trillion according to Finance Ministry indices based on a report…
British Gas to inject US$5 billion in investments

British Gas to inject US$5 billion in investments

Petroleum Minister Osama Kamal on Tuesday said British Gas is injecting US$3 billion to US$5 billion into development projects in…
Saudi Arabia to grant Egypt US$1.5 billion in loans

Saudi Arabia to grant Egypt US$1.5 billion in loans

Minister of Planning and International Cooperation Ashraf al-Araby said Tuesday that talks have started with the Saudi delegation currently visiting…
US delegation announces joint venture with Abraaj Capital

US delegation announces joint venture with Abraaj Capital

The Middle East investment giant Abraaj Capital and the US Overseas Private Investment Corporation (OPIC) are planning to invest US$150…
Qandil: Financial plan aims to cut subsidies, bring people into tax system

Qandil: Financial plan aims to cut subsidies, bring people into tax system

Egypt's new prime minister said on Sunday he was finalizing an economic reform plan that would rein in hefty subsidies…
New lands to be available for industrial development

New lands to be available for industrial development

Up to 5 million square meters of new lands will be available for industrial investment soon, divided into nine industrial…
Tourism up 23.4% from January to July

Tourism up 23.4% from January to July

Tourism Minister Hesham Zaazou said 5,472,700 tourists visited Egypt between January and July 2012, registering an increase of 23.4 percent…
Qatar says to invest US$18 billion in Egypt economy

Qatar says to invest US$18 billion in Egypt economy

Qatar said on Thursday it would invest US$18 billion dollars in tourism and industry projects along Egypt's Mediterranean coast over…
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