Business

Cooking with economy in Ard al-Lewa

Cooking with economy in Ard al-Lewa

Um Islam, of the informal Ard al-Lewa neighborhood in northwest Giza, knows just where to find the cheap and good-sized…
Jordanian official: Cairo compensates Amman for natural gas outages

Jordanian official: Cairo compensates Amman for natural gas outages

A Jordanian government source said on Wednesday that Egypt is currently compensating Jordan for supplying lower than agreed upon amounts…
Cabinet to remove subsidies for octane 95 gas

Cabinet to remove subsidies for octane 95 gas

  The Cabinet will remove subsidies on octane 95 gasoline, International Cooperation and Planning Minister Ashraf al-Araby said Wednesday.
Egypt to finalize IMF loan agreement in December, source says

Egypt to finalize IMF loan agreement in December, source says

A leading member of the Egyptian team negotiating the terms of a US$4.8 billion International Monetary Fund loan said the…
PM: Investments increased to LE55.6 billion

PM: Investments increased to LE55.6 billion

Prime Minister Hesham Qandil on Tuesday said the government has increased investments to LE55.6 billion this year. “The aspirations of…
Sealing the deal: Egypt closest it’s been to securing IMF loan

Sealing the deal: Egypt closest it’s been to securing IMF loan

Egypt reached a preliminary agreement with an International Monetary Fund delegation Tuesday, putting into action the disbursement process for a…
Egypt reaches preliminary deal for US$4.8 billion IMF loan

Egypt reaches preliminary deal for US$4.8 billion IMF loan

  Egypt has reached a preliminary agreement with a team from the International Monetary Fund for a US$4.8 billion loan,…
Egypt PM says very close to IMF deal

Egypt PM says very close to IMF deal

Egypt aims to secure agreement on a US$4.8 billion loan from the International Monetary Fund in a few days to…
Stock exchange closes down US$1.6 billion

Stock exchange closes down US$1.6 billion

The Egyptian stock exchange fell sharply at the close of trading Sunday, losing about LE10 billion (US$1.6 billion), the largest…
Investor: Butane cylinders to be distributed by coupons next month

Investor: Butane cylinders to be distributed by coupons next month

The Egyptian government has said it will start applying a coupon system for the distribution of butane gas cylinders next…
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