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Suez Canal makes record revenue in two days

Suez Canal makes record revenue in two days

Suez Canal Authority President Mohab Mamish said on Wednesday that the canal made record revenue of US$34.5 million in just…
IMF loan does not mean return of foreign investment, experts say

IMF loan does not mean return of foreign investment, experts say

Egypt's leaders continued negotiations with an IMF delegation for a US$4.8 billion loan this week, sorting out the details of…
Egypt to increase gas exports to Jordan

Egypt to increase gas exports to Jordan

The Petroleum Ministry on Tuesday said it is studying an increase in the gas supplies to Jordan as of mid-November.…
Govt mulls increasing water prices

Govt mulls increasing water prices

The government is considering increasing water prices for homes, industrial and commercial facilities to match the market price, in a…
Update: OCI halts fertilizer plants after gas supply cut

Update: OCI halts fertilizer plants after gas supply cut

Egyptian group Orascom Construction Industries has stopped production at three fertilizer lines after the state gas company cut off supplies…
Egypt expects IMF decision within 10 days from talks

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

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

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

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

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…
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