Business
Stock market loses LE2 billion at start of Monday trading
March 26, 2012
Stock market loses LE2 billion at start of Monday trading
Egypt’s stock market fell nearly LE2 billion during the beginning of Monday’s trading session due to mass sales by Egyptian…
Egypt Q4 balance of payments deficit $5.7 billion
March 25, 2012
Egypt Q4 balance of payments deficit $5.7 billion
Egypt's balance of payments slid into a deficit of $5.65 billion in the politically-fraught final quarter of 2011, turning around…
IMF loan faces political hurdles
March 25, 2012
IMF loan faces political hurdles
Negotiations between the government and the International Monetary Fund over a US$3.2 billion loan were adversely affected by the position…
US OKs Egypt aid despite congressional concerns
March 23, 2012
US OKs Egypt aid despite congressional concerns
WASHINGTON (AP) ― The Obama administration told Congress on Thursday it will waive democracy requirements to release up to US$1.5…
IMF says talks in Egypt were ‘productive’
March 22, 2012
IMF says talks in Egypt were ‘productive’
The International Monetary Fund said Thursday an IMF team had fruitful talks with authorities in Egypt this week that could…
Fluctuating stock market closes on slight rise
March 22, 2012
Fluctuating stock market closes on slight rise
Stock exchange trading fluctuated significantly Thursday due to sales by Egyptian and foreign investors, but stabilized by the end of…
Advocacy group rejects government’s IMF-pleasing reform plan
March 22, 2012
Advocacy group rejects government’s IMF-pleasing reform plan
A coalition of economists, activists and academics are condemning the government’s economic reform plan put forward by the Ministry of…
People’s Assembly to investigate stalled Saudi investments
March 22, 2012
People’s Assembly to investigate stalled Saudi investments
After meeting with Saudi businessmen Wednesday, the People’s Assembly plans to form a committee to investigate stalled Saudi investment projects…
Poultry and fish price hikes follow foot-and-mouth disease epidemic
March 22, 2012
Poultry and fish price hikes follow foot-and-mouth disease epidemic
The current rise in poultry prices is due to the prevalence of infectious bronchitis (IB) in birds, which is killing…
Egypt unlikely to hit 2012 investment target
March 22, 2012
Egypt unlikely to hit 2012 investment target
Egypt is unlikely to lure the foreign investment it hoped for this year as nervous overseas businesses spend small following…