Business
Morsy calls for more investment in Sudan
April 4, 2013
Morsy calls for more investment in Sudan
During his first two-day visit to Khartoum on Thursday, President Mohamed Morsy called for increased economic cooperation between Egypt and…
Stock exchange sees modest gains Thursday despite upcoming protests
April 4, 2013
Stock exchange sees modest gains Thursday despite upcoming protests
The Stock Exchange pulled itself out if a steep week-long side on Thursday, with indicators collectively rising by the end…
Sukuk law in state of flux until Al-Azhar review
April 4, 2013
Sukuk law in state of flux until Al-Azhar review
The Shura Council approved in late March a law allowing the issuance of sukuk, or Islamic bonds, which the heavily…
Egypt expects IMF loan agreement in two weeks
April 4, 2013
Egypt expects IMF loan agreement in two weeks
Egypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund (IMF)…
Poll: Egypt’s pound set to sag further against the dollar
April 3, 2013
Poll: Egypt’s pound set to sag further against the dollar
Egypt's pound will depreciate steadily against the dollar over the next 12 months, undermined by political and economic problems for…
Egypt bourse slumps to new 2013 low on currency woes
April 3, 2013
Egypt bourse slumps to new 2013 low on currency woes
Cairo's bourse fell to a new 2013 low on Wednesday as foreign investors sold stocks on fears that Egypt's currency…
Arab League: Political unrest behind lackluster foreign investment
April 2, 2013
Arab League: Political unrest behind lackluster foreign investment
Foreign direct investment in Arab countries dropped from US$90 billion in 2010 to $43 billion in 2011, pushing the region's…
Cabinet mulling FJP privatization plan
April 2, 2013
Cabinet mulling FJP privatization plan
An unnamed official revealed the Cabinet is mulling a Freedom and Justice Party proposal to privatize portions of public companies…
Wheat imports to fall 8-10 pct in 2013
April 2, 2013
Wheat imports to fall 8-10 pct in 2013
Officials plan to cut state wheat imports this year by around 10 percent, with the world's largest grain importer relying…
Egypt seeking US$465 million loan from Arab Monetary Fund
April 2, 2013
Egypt seeking US$465 million loan from Arab Monetary Fund
Officials are in negotiations for a US$465 million from the Arab Monetary Fund, said Finance Minister Morsy Hegaz in an…