Business
Lagarde: Egypt must endorse IMF loan deal as its own
January 8, 2013
Lagarde: Egypt must endorse IMF loan deal as its own
Egypt's government must endorse a US$4.8 billion IMF loan agreement and propose it to the Egyptian people as its own…
Govt to increase drug prices after 2012 production losses
January 8, 2013
Govt to increase drug prices after 2012 production losses
A government official has denied rumors that the Health Ministry is expected to increase the price of 572 drugs, saying…
IMF wants pound value to drop against US dollar, says official
January 8, 2013
IMF wants pound value to drop against US dollar, says official
The International Monetary Fund has criticized the Central Bank of Egypt for its delay in allowing the Egyptian pound’s value…
Pound hits record low
January 8, 2013
Pound hits record low
The Egyptian pound hit a record low on Tuesday after weakening again at a Central Bank US dollar auction designed…
IMF official in Egypt as currency crisis bites
January 7, 2013
IMF official in Egypt as currency crisis bites
A senior International Monetary Fund official met Egypt's government on Monday to discuss a vital US$4.8 billion loan as the…
Prime minister: Egyptian expat remittances increase by 40 percent
January 6, 2013
Prime minister: Egyptian expat remittances increase by 40 percent
Remittances from Egyptians living abroad have increased by 40 percent, Prime Minister Hesham Qandil said in a press conference Sunday.
Egypt says to reassure IMF in January visit
January 3, 2013
Egypt says to reassure IMF in January visit
An International Monetary Fund mission will visit Egypt in January for talks on a US$4.8 billion loan agreement that was…
Lifting subsidies, without impoverishing the people
January 3, 2013
Lifting subsidies, without impoverishing the people
As the Egyptian government comes to terms with its dwindling funds and struggles to navigate a worsening financial crisis, the…
Remittances up, but economy still faltering
January 3, 2013
Remittances up, but economy still faltering
Remittances from Egyptian expats have increased by 40 percent over this fiscal year, said Prime Minister Hesham Qandil on Thursday.…
Stock exchange continues upward trend in the new year
January 3, 2013
Stock exchange continues upward trend in the new year
Stock exchange indexes rose at the end of trading on Thursday, supported by strong purchases from foreign investors. Market capitalization…