Business
Egypt negotiates 1.25-billion-euro loan
October 31, 2012
Egypt negotiates 1.25-billion-euro loan
The European Bank for Reconstruction and Development is granting Egypt a loan worth 1.25 billion euros next year, said an…
In going after corruption, Morsy breeds market anxiety
October 31, 2012
In going after corruption, Morsy breeds market anxiety
It began with a remark in a speech by President Mohamed Morsy at a celebration commemorating the October War. In…
FJP leader: No disagreements with govt on IMF loan
October 31, 2012
FJP leader: No disagreements with govt on IMF loan
There are no disagreements over the proposed IMF loan between the Freedom and Justice Party and the government, the head…
750,000 sheep and cattle worth LE2.75 billion slaughtered for Eid
October 30, 2012
750,000 sheep and cattle worth LE2.75 billion slaughtered for Eid
Veterinarians Syndicate President Sami Taha has said that 500,000 sheep and 250,000 cattle were slaughtered for Eid al-Adha. Official sources…
Egypt cuts size of T-bill auction ahead of IMF visit
October 30, 2012
Egypt cuts size of T-bill auction ahead of IMF visit
Egypt reduced the size of a treasury bill auction on Monday in a what may be a sign that a…
Egypt secures vital oil supplies for rest of year
October 29, 2012
Egypt secures vital oil supplies for rest of year
LONDON — Egypt has secured oil supplies for the rest of the year, despite fears about its ability to make…
State losing billions on energy subsidies, says minister
October 29, 2012
State losing billions on energy subsidies, says minister
The delay in implementing energy subsidy cuts is costing the state LE10 billion every three months, claimed Petroleum Minister Osama…
In Egypt’s gas industry, foreign investors rule
October 29, 2012
In Egypt’s gas industry, foreign investors rule
Since explorers first found natural gas beneath Egypt’s sand and water, the government has struggled to manage its relationship with…
Demand grows and inequalities widen in Egypt’s gas industry
October 29, 2012
Demand grows and inequalities widen in Egypt’s gas industry
The simple act of turning on a stove can mean two very different things for Egyptian families. In one case,…