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Egypt to reintroduce deposit operations, cancels repos

Egypt to reintroduce deposit operations, cancels repos

Egypt's central bank said on Monday it intended to reintroduce deposit operations as a way to absorb excess liquidity, starting…
More than LE130 bn in tax revenue received over nine months

More than LE130 bn in tax revenue received over nine months

Egypt collected LE132.1 billion in tax revenue from July to 31 March, said Mamdouh Omar, head of the Egyptian Tax…
Altimo subsidiary offers to buy Orascom Telecom

Altimo subsidiary offers to buy Orascom Telecom

The Egyptian Exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman's Altimo had offered to buy 100 percent…
Egypt calls in favors as credit crunch hits key imports

Egypt calls in favors as credit crunch hits key imports

Egypt has hit breaking point in its ability to pay for imports of oil, wheat and other basic commodities, forcing…
IMF mission to visit Egypt in early April for loan talks

IMF mission to visit Egypt in early April for loan talks

The International Monetary Fund said on Thursday it would visit Egypt in the "first days of April" for talks with…
Suez Canal revenue drops 7.4 pct in Feb vs Jan

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

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

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

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

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…
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