Business
Up against a fiscal wall, government courts foreign investment
October 11, 2012
Up against a fiscal wall, government courts foreign investment
Officials are making a concerted effort to assure foreign and domestic investors that the climate for business is safe and…
Serious govt action needed on economy, experts say
October 10, 2012
Serious govt action needed on economy, experts say
The government needs to do more to further encourage foreign investment and face its own growing budget deficit soon, or…
Islamic Development Bank to lend Egypt US$330 million
October 10, 2012
Islamic Development Bank to lend Egypt US$330 million
Several local and regional banks are preparing to give the Egyptian government a US$330 million loan, in the second portion…
Stock exchange rebounds after two sessions of decline
October 10, 2012
Stock exchange rebounds after two sessions of decline
The Egyptian Stock Exchange index rebounded strongly on Wednesday after two sessions of declines as positive sentiment generated by government…
Presidency outlines progress on bread reforms
October 10, 2012
Presidency outlines progress on bread reforms
Bread subsidies have cost LE16 billion during the current fiscal year 2012/13, the presidency said in a report Wednesday. A…
Barclays Bank Egypt mulls Islamic services
October 10, 2012
Barclays Bank Egypt mulls Islamic services
Barclays Bank Egypt is considering introducing some Islamic banking services in the local market in the near future, capitalizing on…
Kuwaiti institutions in talks to invest in Egypt
October 10, 2012
Kuwaiti institutions in talks to invest in Egypt
The Finance Ministry is in talks with the Kuwaiti Ministry of Finance and a number of investors in the hope…
Central Bank happy with value of pound: official
October 10, 2012
Central Bank happy with value of pound: official
Egypt's central bank is comfortable with the current value of the Egyptian pound and is not targeting any particular rate…
At Euromoney, officials try to calm investor fears
October 9, 2012
At Euromoney, officials try to calm investor fears
Officials tried to assure foreign and domestic investors that the local climate for business is safe and friendly on Tuesday,…