Business

Ministry expectes LE300 bn worth of investments next year

Ministry expectes LE300 bn worth of investments next year

Minister of Planning and International Cooperation Ashraf al-Araby said that the volume of governmental and private investments is expected to…
IMF: Emergency loan an option for Egypt

IMF: Emergency loan an option for Egypt

  The International Monetary Fund said Monday that it could provide an emergency short-term loan to Egypt if needed, as…
Diesel supplies raised to face crisis, says supply ministry spokesperson

Diesel supplies raised to face crisis, says supply ministry spokesperson

The Supply and Petroleum Ministries have agreed to raise the daily amount of diesel delivered to the market from 32,000…
Government source says Orascom dispute to end soon, company denies wrongdoing

Government source says Orascom dispute to end soon, company denies wrongdoing

The Tax Authority is about to reach a tentative reconciliation with Orascom Construction Industries to end a dispute over the company’s tax…
Minister: Egypt does not need IMF bridging funding

Minister: Egypt does not need IMF bridging funding

Egypt does not need bridging financing as offered by the International Monetary Fund to some countries, but rather broad structural…
Inflation hits highest levels in more than two years

Inflation hits highest levels in more than two years

The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that the annual inflation rate increased during February by…
Website: Egypt may consider urgent IMF loan

Website: Egypt may consider urgent IMF loan

A senior Finance Ministry official has reportedly said the government may consider next week an International Monetary Fund offer to…
Stocks recover some of week’s losses

Stocks recover some of week’s losses

The main index of the Egyptian stock exchange rose 1.95 percentage points Thursday, continuing to recovering from significant losses sustained…
Sources claim IMF unhappy with reform program

Sources claim IMF unhappy with reform program

An unnamed government official said Thursday that the International Monetary Fund is not satisfied with Egypt’s amended economic and social…
Barcelona shows off the future of mobile technology

Barcelona shows off the future of mobile technology

BARCELONA — The HTC One made a splash at this year’s Mobile World Congress, walking away with the coveted best…
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