Business
Public debt swelled, IMF loan pivotal, says finance minister
September 12, 2012
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
September 12, 2012
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
September 11, 2012
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
September 11, 2012
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
September 11, 2012
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
September 9, 2012
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
September 9, 2012
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
September 9, 2012
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
September 9, 2012
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
September 7, 2012
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…