Business
Egypt expects IMF decision within 10 days from talks
November 5, 2012
Egypt expects IMF decision within 10 days from talks
The International Monetary Fund will make its final decision on Egypt's request for a US$4.2 million loan within 10 days…
Foreign reserves climb by US$441 mn in October
November 5, 2012
Foreign reserves climb by US$441 mn in October
The foreign reserves rose by US$441 million in October, the Central Bank of Egypt said on its website Monday. Net…
IMF recommends govt let pound float, officials deny devaluation talk
November 4, 2012
IMF recommends govt let pound float, officials deny devaluation talk
An October report from IMF’s Tokyo meeting, which Egyptian officials attended, recommends that the government allow the country’s currency to…
Recent graduates hit hardest by persistent unemployment
November 3, 2012
Recent graduates hit hardest by persistent unemployment
For the thousands of young men and women who filled Tahrir Square nearly two years ago, youth unemployment was a…
Economists see folly in postponed shop closing law
November 2, 2012
Economists see folly in postponed shop closing law
The Wednesday decision by Local Development Minister Ahmed Zaki Abdeen to postpone indefinitely the law that would close shops at…
Egypt wants lower Israeli part requirement in trade agreement
November 2, 2012
Egypt wants lower Israeli part requirement in trade agreement
The Egyptian government has submitted a request to Israel to reduce the required percentage of Israeli-made parts in products included…
FJP leader: IMF loan approval contingent on adopting party’s economic reforms
November 2, 2012
FJP leader: IMF loan approval contingent on adopting party’s economic reforms
A Freedom and Justice Party leader demanded Thursday that the Cabinet adopt the party’s economic reform program in order for it…
Government moves to rein in energy subsidy bill
November 2, 2012
Government moves to rein in energy subsidy bill
The government has taken a first step to getting expensive energy subsidies under control, a key component of an economic…
Suspending mobile provider license threatens Telecom Egypt, says official
November 1, 2012
Suspending mobile provider license threatens Telecom Egypt, says official
A government official, speaking on condition of anonymity, has criticized the National Telecommunications Regulatory Authority (NTRA) for refusing to offer…
IMF and govt agree on economic program, official says
November 1, 2012
IMF and govt agree on economic program, official says
A senior government official said Thursday there has been a convergence of views between the IMF and the Egyptian government…