Business
Egypt to finalize IMF loan agreement in December, source says
November 21, 2012
Egypt to finalize IMF loan agreement in December, source says
A leading member of the Egyptian team negotiating the terms of a US$4.8 billion International Monetary Fund loan said the…
PM: Investments increased to LE55.6 billion
November 20, 2012
PM: Investments increased to LE55.6 billion
Prime Minister Hesham Qandil on Tuesday said the government has increased investments to LE55.6 billion this year. “The aspirations of…
Sealing the deal: Egypt closest it’s been to securing IMF loan
November 20, 2012
Sealing the deal: Egypt closest it’s been to securing IMF loan
Egypt reached a preliminary agreement with an International Monetary Fund delegation Tuesday, putting into action the disbursement process for a…
Egypt reaches preliminary deal for US$4.8 billion IMF loan
November 20, 2012
Egypt reaches preliminary deal for US$4.8 billion IMF loan
Egypt has reached a preliminary agreement with a team from the International Monetary Fund for a US$4.8 billion loan,…
Egypt PM says very close to IMF deal
November 19, 2012
Egypt PM says very close to IMF deal
Egypt aims to secure agreement on a US$4.8 billion loan from the International Monetary Fund in a few days to…
Stock exchange closes down US$1.6 billion
November 18, 2012
Stock exchange closes down US$1.6 billion
The Egyptian stock exchange fell sharply at the close of trading Sunday, losing about LE10 billion (US$1.6 billion), the largest…
Investor: Butane cylinders to be distributed by coupons next month
November 18, 2012
Investor: Butane cylinders to be distributed by coupons next month
The Egyptian government has said it will start applying a coupon system for the distribution of butane gas cylinders next…
Egypt government offers Turkey new investment opportunities
November 18, 2012
Egypt government offers Turkey new investment opportunities
The Egyptian government trumpeted new investment opportunities in housing at an Egyptian-Turkish business forum attended by the prime ministers of…
Only 10% of registered stock investors are active, says expert
November 18, 2012
Only 10% of registered stock investors are active, says expert
Only 10 percent of registered investors in the stock market are active traders, the head of a prominent stock brokerage…
Electricity prices haven’t changed since 2008, minister says
November 18, 2012
Electricity prices haven’t changed since 2008, minister says
Electricity prices have not changed since 2008, the electricity and energy minister said Sunday. Electricity and Energy Minister Mahmoud Saad…