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Qandil discusses proposed aid package with senior US diplomat

Qandil discusses proposed aid package with senior US diplomat

Prime Minister Hesham Qandil met with the US under secretary of state for economic growth on Tuesday to discuss a…
Egypt’s Central Bank sells 513 mn euros of T-bills

Egypt’s Central Bank sells 513 mn euros of T-bills

Egypt's Central Bank sold 513 million euros (US$642 million) worth of euro-denominated T-bills at an inaugural auction on Tuesday, and…
Morsy rules out currency devaluation

Morsy rules out currency devaluation

  Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that…
US delegation arrives in Cairo Tuesday to discuss aid package

US delegation arrives in Cairo Tuesday to discuss aid package

  The US is resuming negotiations with the Egyptian government regarding an economic aid package to help Egypt overcome the…
Govt to stop subsidizing energy for cement factories, says minister

Govt to stop subsidizing energy for cement factories, says minister

  The government will no longer subsidize energy for new cement factories, including 14 factories for which licenses have already…
Nour Party divided on IMF loan

Nour Party divided on IMF loan

Spokesperson for the Salafi Nour Party Yousry Hammad said Saturday that the interest on the planned IMF loan to Egypt…
Egypt struggles to buy fuel as credit dries up

Egypt struggles to buy fuel as credit dries up

  LONDON/CAIRO — Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug…
IMF envoys: Egypt visit is to express solidarity, not discuss loan details

IMF envoys: Egypt visit is to express solidarity, not discuss loan details

The International Monetary Fund's delegation in Cairo met with representatives from the economic ministries to agree on the steps Egypt…
Suez Canal sees record revenues

Suez Canal sees record revenues

Lieutenant General Mohab Mamish, Suez Canal Authority chairman, said that the canal hit a record in daily revenue Thursday with…
Lagarde, Qandil hope for IMF deal before end of year

Lagarde, Qandil hope for IMF deal before end of year

The Egyptian government has entered negotiations with the International Monetary Fund for a US$4.8 billion loan, Prime Minister Hesham Qandil…
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