Business
IMF and Egypt: No news is more of the same
April 22, 2013
IMF and Egypt: No news is more of the same
In a statement released on 21 April, the International Monetary Fund said that its Managing Director Christine Lagarde met with…
Report: IMF loan expected next month
April 21, 2013
Report: IMF loan expected next month
Egypt may secure an International Monetary Fund loan agreement in about a month, state news agency MENA reported, quoting "informed"…
Russia says Egypt asks for help with gas supplies to Europe
April 20, 2013
Russia says Egypt asks for help with gas supplies to Europe
MOSCOW — Egypt, struggling to meet domestic energy demand, has asked Russia to help it fulfill its gas supply contracts with…
Central Bank: Qatar’s promised $3 bn in aid not yet received
April 20, 2013
Central Bank: Qatar’s promised $3 bn in aid not yet received
Central Bank of Egypt Governor Hesham Ramez said Egypt has not yet received a Qatari deposit of US$3 billion intended…
Islamic Development Bank promises major investments in Egypt
April 18, 2013
Islamic Development Bank promises major investments in Egypt
The Islamic Development Bank plans to pump US$3 billion into the Egyptian market over the next five years, said on…
IMF chief says back to the drawing board on Egypt talks
April 18, 2013
IMF chief says back to the drawing board on Egypt talks
The International Monetary Fund said on Thursday it has not reached a deal with Egypt regarding a loan program, adding…
Egypt may be forced to “muddle through” without IMF
April 16, 2013
Egypt may be forced to “muddle through” without IMF
The country may struggle on for the rest of the year without an IMF loan, enduring a summer of fuel…
Stock market climbs 0.38 percent on Tuesday
April 16, 2013
Stock market climbs 0.38 percent on Tuesday
The Egyptian Stock Exchange’s main index climbed just 0.38 during trading on Tuesday, gaining 20 points to hit 5,295 points…