Business
Ministry expectes LE300 bn worth of investments next year
March 12, 2013
Ministry expectes LE300 bn worth of investments next year
Minister of Planning and International Cooperation Ashraf al-Araby said that the volume of governmental and private investments is expected to…
IMF: Emergency loan an option for Egypt
March 11, 2013
IMF: Emergency loan an option for Egypt
The International Monetary Fund said Monday that it could provide an emergency short-term loan to Egypt if needed, as…
Diesel supplies raised to face crisis, says supply ministry spokesperson
March 11, 2013
Diesel supplies raised to face crisis, says supply ministry spokesperson
The Supply and Petroleum Ministries have agreed to raise the daily amount of diesel delivered to the market from 32,000…
Government source says Orascom dispute to end soon, company denies wrongdoing
March 10, 2013
Government source says Orascom dispute to end soon, company denies wrongdoing
The Tax Authority is about to reach a tentative reconciliation with Orascom Construction Industries to end a dispute over the company’s tax…
Minister: Egypt does not need IMF bridging funding
March 10, 2013
Minister: Egypt does not need IMF bridging funding
Egypt does not need bridging financing as offered by the International Monetary Fund to some countries, but rather broad structural…
Inflation hits highest levels in more than two years
March 10, 2013
Inflation hits highest levels in more than two years
The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that the annual inflation rate increased during February by…
Website: Egypt may consider urgent IMF loan
March 8, 2013
Website: Egypt may consider urgent IMF loan
A senior Finance Ministry official has reportedly said the government may consider next week an International Monetary Fund offer to…
Stocks recover some of week’s losses
March 7, 2013
Stocks recover some of week’s losses
The main index of the Egyptian stock exchange rose 1.95 percentage points Thursday, continuing to recovering from significant losses sustained…