Business
Egypt lost US$2 billion from cash reserves in October, says Central Bank
November 3, 2011
Egypt lost US$2 billion from cash reserves in October, says Central Bank
Egypt's Central Bank lost US$2 billion from its international cash reserves in October, bringing its reserves down from $24.1 billion…
Suez Canal revenues, expat remittances up despite revolution
November 3, 2011
Suez Canal revenues, expat remittances up despite revolution
Despite the revolution and global financial troubles, some sectors of the Egyptian economy have attained stable performance and growth rates,…
Egypt says IMF options open, has not asked for funds
October 31, 2011
Egypt says IMF options open, has not asked for funds
Egypt is open to IMF funding, but the country has not made any formal request for aid since turning down…
Transportation Ministry projects frozen due to security void
October 31, 2011
Transportation Ministry projects frozen due to security void
Projects Egypt’s Transportation Ministry had planned for 2011 and 2012 have been completely halted since the revolution broke out on…
Amid debt concerns, large World Bank projects continue
October 31, 2011
Amid debt concerns, large World Bank projects continue
As Egyptian civil society calls for the eradication of debts incurred under former President Hosni Mubarak, Egypt’s government continues to…
Egypt sells LE5 billion in T-bills, yields rise
October 30, 2011
Egypt sells LE5 billion in T-bills, yields rise
Egypt's Central Bank sold LE5 billion (US$837.55 million) in domestic treasury bills on Sunday, the same amount it had offered,…
Drop ‘dictator debt,’ activists and economists say
October 28, 2011
Drop ‘dictator debt,’ activists and economists say
Egypt has a budget deficit of nearly 10 percent of GDP and the finance minister recently said that the country…
Manpower minister calls for price control law
October 26, 2011
Manpower minister calls for price control law
Minister of Manpower Ahmed Hassan al-Borai, at a symposium on Tuesday, called for a unified law regulating wages and prices…
Egypt is facing financial crisis, says finance minister
October 26, 2011
Egypt is facing financial crisis, says finance minister
Egypt is facing a financial crisis that only foreign funding could help alleviate in the short term, Minister of Finance…
US expert: Leadership of ‘Military Inc.’ is running Egypt
October 26, 2011
US expert: Leadership of ‘Military Inc.’ is running Egypt
The Egyptian military’s economic interests have long been considered too taboo to discuss in the mainstream media, so little is…