Business
Suez Canal revenue drops 7.4 pct in Feb vs Jan
March 29, 2013
Suez Canal revenue drops 7.4 pct in Feb vs Jan
Revenue from the Suez Canal fell to US$375.3 million in February, down 7.4 percent on the previous month and down…
Budget deficit climbs to LE146.5 bln
March 28, 2013
Budget deficit climbs to LE146.5 bln
The national budget deficit jumped to LE146.5 billion from July 2012 to February 2013, a rise that is equivalent…
Despite protest anxiety, NSGB sale boosts stock exchange
March 28, 2013
Despite protest anxiety, NSGB sale boosts stock exchange
The Stock Exchange made modest gains by the end of trading on Thursday, despite poor performance indicators ahead of…
Central Bank: Egypt can meet import needs
March 28, 2013
Central Bank: Egypt can meet import needs
Egypt can meet its demands for petroleum and food imports, despite its troubled economy, according to Central Bank of Egypt…
New taxes in Egypt’s latest economic program will do little to spur recovery
March 28, 2013
New taxes in Egypt’s latest economic program will do little to spur recovery
It’s easy to lose track of how many economic plans the government has presented since President Mohamed Morsy’s election, the…
Contractors blame Petroleum Ministry for fuel shortages, project delays
March 28, 2013
Contractors blame Petroleum Ministry for fuel shortages, project delays
The Contractors Union has demanded the Petroleum Ministry allocate a share of diesel to contractors to ensure that they are…
Libya mulls aid for Egypt
March 27, 2013
Libya mulls aid for Egypt
Libya is considering extending financial aid to Egypt to help its North African neighbor overcome a severe economic crisis, Libyan…
Egypt to import Libya oil, pay down energy debt
March 27, 2013
Egypt to import Libya oil, pay down energy debt
Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of…