Business
Standard Chartered would consider Egypt buy, plans Iraq push
March 24, 2013
Standard Chartered would consider Egypt buy, plans Iraq push
DUBAI — Standard Chartered would consider acquiring a bank in Egypt to ride an expected boom in one of the…
As diesel shortages continue, impact becomes broader
March 24, 2013
As diesel shortages continue, impact becomes broader
Diesel shortages have become an unfortunate staple of Egypt’s many economic malaises, and as the country’s foreign reserves continue decreasing,…
Orascom denies settlement with government
March 24, 2013
Orascom denies settlement with government
Statements by Finance Minister al-Morsy Hegazy and the Real Estate Tax Authority over negotiations with Orascom Construction Industries to end…
Moody’s downgrades Egypt, citing unsettled political conditions, weak finances
March 22, 2013
Moody’s downgrades Egypt, citing unsettled political conditions, weak finances
Moody's cut Egypt's credit rating on Thursday, citing unsettled political conditions and public finances, which it said raised the chance…
Central Bank raises rates to curb inflation, support pound
March 22, 2013
Central Bank raises rates to curb inflation, support pound
The Central Bank raised interest rates on Thursday, hoping to curb soaring inflation and slow a sliding pound currency, but…
US dollar deposits grow as pound falls
March 19, 2013
US dollar deposits grow as pound falls
Egyptians are continuing to convert Egyptian pound bank deposits into US dollars, fearing further depreciation for the embattled currency. A…