Business
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,…
With loans, a flood of Turkish business
October 8, 2012
With loans, a flood of Turkish business
After receiving some substantial financial aid from the Turkish government, Egypt is increasingly turning to its Anatolian neighbor for much-sought…
Central Bank sources: Foreign banks seek to buy Egyptian banks
October 8, 2012
Central Bank sources: Foreign banks seek to buy Egyptian banks
The Central Bank of Egypt has received several requests from foreign banks to buy out BNP Paribas and French Societe…
Foreign reserves fall by US$84 mn in September
October 8, 2012
Foreign reserves fall by US$84 mn in September
Egypt's foreign reserves fell by US$84 million in September, but held above $15 billion for a third straight month after…
Subsidies for 95 octane fuel to be lifted soon, says Petroleum Ministry source
October 7, 2012
Subsidies for 95 octane fuel to be lifted soon, says Petroleum Ministry source
Sources at the Petroleum Ministry expect that President Mohamed Morsy would lift subsidies on 95 octane fuel within days. On…
Egypt scraps T-bill sale, seen as bid to keep rates low
October 4, 2012
Egypt scraps T-bill sale, seen as bid to keep rates low
Egypt's Finance Ministry said it had cancelled an auction of LE3.5 billion (US$573.8 million) of treasury bills planned for Wednesday,…
New investment projects to create jobs, reduce unemployment, says minister
October 4, 2012
New investment projects to create jobs, reduce unemployment, says minister
The government has devised a strategic plan aimed at creating new jobs and reducing the unemployment rate, which Minister of…
Chambers of Commerce demand restrictions on street vendors
October 4, 2012
Chambers of Commerce demand restrictions on street vendors
The Federation of Egyptian Chambers of Commerce has called on Prime Minister Hesham Qandil to draft legislation regarding Cairo’s street…
Through special office, government to protect Saudi investors
October 4, 2012
Through special office, government to protect Saudi investors
In what appears to be a last-ditch effort for the government to settle several high-dollar deals domestically instead of paying…
Amid economic downturn, a furniture company finds success
October 4, 2012
Amid economic downturn, a furniture company finds success
The nation may be going through the most severe economic slowdown of the past decade, but some businesses have managed…