Business
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…
Central bank offers $75 mn at currency auction
January 17, 2013
Central bank offers $75 mn at currency auction
The Central Bank of Egypt offered $75 million to banks on Thursday at its 11th foreign currency auction, the same…
Egypt, Qatar ministers continue talks on investment projects
January 17, 2013
Egypt, Qatar ministers continue talks on investment projects
The Qatari Finance Minister Youssef Hussein Kamal met with Egyptian Minister of Investment Osama Saleh on Thursday to discuss joint…
Central Bank: US$5 bn in foreign investments left Egypt in six months
January 16, 2013
Central Bank: US$5 bn in foreign investments left Egypt in six months
A total of US$5 billion in foreign investments left Egypt during the last six months, the Central Bank of Egypt…
Cabinet approves Islamic bonds draft law
January 16, 2013
Cabinet approves Islamic bonds draft law
The Cabinet approved a draft law on Islamic bonds after it was approved by other institutions, Finance Minister Morsy Hegazy…
Qatari PM says won’t let Egypt go bankrupt
January 15, 2013
Qatari PM says won’t let Egypt go bankrupt
Qatar's prime minister said on Tuesday his country would stand by Egypt and did not want to see it go…
UK delegation assures return of Mubarak assets, denies inaction
January 15, 2013
UK delegation assures return of Mubarak assets, denies inaction
A delegation of high-level UK officials are in Cairo this week to discuss the return of assets obtained illegally by…
World Bank appoints new Egypt country director
January 14, 2013
World Bank appoints new Egypt country director
The World Bank has appointed a new country director for Egypt, Yemen and Djibouti. Hartwig Schafer, the new director, will…
Islamic bonds law to be approved in days, says finance minister
January 14, 2013
Islamic bonds law to be approved in days, says finance minister
The draft law on sukuk (Islamic bonds) will likely be approved by all the relevant institutions, including the Finance Ministry,…