Business
World Bank’s IFC plans Egypt currency swaps: CEO
March 18, 2013
World Bank’s IFC plans Egypt currency swaps: CEO
The International Finance Corp plans to conduct currency swaps in Egypt to help local firms meet their foreign exchange needs,…
On first Egypt visit, IFC head says investors await clarity, commitment from government
March 18, 2013
On first Egypt visit, IFC head says investors await clarity, commitment from government
On his first visit to the Middle East in his new capacity as the CEO of the International Finance Corporation,…
Payments figures add to pressure for IMF deal
March 15, 2013
Payments figures add to pressure for IMF deal
The country's current account deficit narrowed in July-December, data showed on Thursday, but economists said it remained a major problem…
IMF mission due in Cairo Sunday to discuss economic reforms
March 14, 2013
IMF mission due in Cairo Sunday to discuss economic reforms
An International Monetary Fund delegation is due to arrive in Cairo on Sunday to renew discussions regarding economic reforms,…
Orascom woes weigh market down Thursday; EGX30 drops 2 percent
March 14, 2013
Orascom woes weigh market down Thursday; EGX30 drops 2 percent
A sudden drop in Orascom Construction Industries (OCI) shares on Thursday led the main EGX30 stock index to nosedive by…
Govt investigating how to continue funding energy subsidies
March 14, 2013
Govt investigating how to continue funding energy subsidies
Finance Ministry officials and representatives from the General Petroleum Corporation are currently discussing the amount of funding required to continue…
Egypt asks China to crackdown on counterfeiting
March 14, 2013
Egypt asks China to crackdown on counterfeiting
An Egyptian official is asking China to crackdown on counterfeit Chinese products being smuggled into Egypt. Atef Yacoub, chairman of…
Orascom buyout battle scars stock market
March 14, 2013
Orascom buyout battle scars stock market
A regulatory battle over an offer to buy out shareholders in Orascom Construction Industries may inflict damage on the Egyptian…