Business
Qandil: IMF delegation to visit Egypt in late October
October 3, 2012
Qandil: IMF delegation to visit Egypt in late October
A delegation from the International Monetary Fund will visit Egypt at the end of this month to resume talks over…
Finance minister says budget deficit is LE170 billion
October 3, 2012
Finance minister says budget deficit is LE170 billion
Finance Minister Momtaz al-Saeed said Wednesday that the budget deficit is currently LE170 billion, which is higher than the LE135…
White-taxi drivers demand financial help, decry government program
October 3, 2012
White-taxi drivers demand financial help, decry government program
Amid a slew of recent labor protests, drivers of white taxis blocked a main Cairo traffic artery last week, parking…
Morsy, Erdogan sign US$1 bn loan to offset Egypt’s deficit
September 30, 2012
Morsy, Erdogan sign US$1 bn loan to offset Egypt’s deficit
President Mohamed Morsy and Turkish Prime Minister Recep Tayyip Erdogan signed a US$1 billion loan Sunday, half of the aid…
Government considers raising electricity prices for high consumers
September 30, 2012
Government considers raising electricity prices for high consumers
The government is considering raising electricity prices for the highest consumption sectors, Electricity and Energy Minister Saad Mahmoud Balbaa said…
New mobile gas stations will alleviate long lines, says minister
September 27, 2012
New mobile gas stations will alleviate long lines, says minister
Petroleum Minister Osama Kamal announced on Thursday that private fuel companies would begin setting up mobile fuel stations in…
Lost in the shuffle: Small businesses continue to bear brunt of economic downturn
September 27, 2012
Lost in the shuffle: Small businesses continue to bear brunt of economic downturn
It’s been a hard year for Mohamed al-Kady, owner of a small clothing factory in Heliopolis. The months of unrest…
Egypt buys 300,000 tons French, Romanian wheat
September 26, 2012
Egypt buys 300,000 tons French, Romanian wheat
Egypt, the world's largest wheat importer, has bought 300,000 tons of French and Romanian wheat for 1-10 December shipment on…
Positive signs for the economy, says PM
September 26, 2012
Positive signs for the economy, says PM
Prime Minister Hesham Qandil said there are positive signs for the economy on Wednesday, pointing to Standard & Poor's rating…