Business
Two years on, Mubarak money abroad remains unattainable
January 25, 2013
Two years on, Mubarak money abroad remains unattainable
Nearly two years after demonstrators first started trickling into Tahrir Square, chanting against corrupt government practices and calling for former…
IMF may postpone loan agreement by months
January 24, 2013
IMF may postpone loan agreement by months
Prime Minister Hesham Qandil and International Monetary Fund (IMF) head Christine Lagarde met on Thursday to discuss the future of…
Financial adviser: Multinational banks offer support for Islamic bonds
January 23, 2013
Financial adviser: Multinational banks offer support for Islamic bonds
Multinational banks such as Citibank, Credit Agricole and the Islamic Development Bank expressed willingness to provide support to Egypt in…
Inside oil and gas industry, serious disgruntlement
January 23, 2013
Inside oil and gas industry, serious disgruntlement
International oil and gas companies see great potential in Egypt, but say they are frustrated with the current state of…
Stock market gains US$123 million in a week
January 23, 2013
Stock market gains US$123 million in a week
The stock market rose this week by US$123 million amid a weak performance as investors fear consequences of the upcoming…
Allianz to maintain Egypt operations despite economic, political situation
January 22, 2013
Allianz to maintain Egypt operations despite economic, political situation
Amid a harsh climate for foreign investment, German insurance company Allianz said it is not considering leaving the Egyptian market…
Emirati producer to create beet sugar plant in Egypt
January 22, 2013
Emirati producer to create beet sugar plant in Egypt
Al-Ghurair Group, an Emirati sugar producer, is creating a project in Egypt for the production of high quality sugar from…
Official: Tourism should recover in 2013
January 21, 2013
Official: Tourism should recover in 2013
Egypt received 11 million tourists in 2012 and aims to boost that number to 14 million in 2013. Tourism Ministry…
Sawiris’ OCI looks to move outside Egypt, and its stocks may follow
January 20, 2013
Sawiris’ OCI looks to move outside Egypt, and its stocks may follow
Orascom and a group of American investors, among them Microsoft giant Bill Gates, have set into motion a transaction set…
Finance minister: economic reform provides state budget with LE31.2 billion
January 20, 2013
Finance minister: economic reform provides state budget with LE31.2 billion
Finance Minister Morsy Hegazy said that with the government’s economic reform program the Egyptian economy will be able to overcome…