Business
Banking sources: Egypt to extend tenure of central bank chief
October 9, 2011
Banking sources: Egypt to extend tenure of central bank chief
Egypt’s ruling Supreme Council of the Armed Forces (SCAF) is leaning toward extending the tenure of Central Bank of Egypt…
Govt: IMF to toughen Egypt’s loan conditions
October 9, 2011
Govt: IMF to toughen Egypt’s loan conditions
The International Monetary Fund (IMF) will impose more stringent conditions on loans to Egypt, a senior Egyptian government official told…
Minister of Manpower: Egypt is on the brink of bankruptcy
October 5, 2011
Minister of Manpower: Egypt is on the brink of bankruptcy
“Egypt is currently passing through a critical period and on the brink of bankruptcy,” said Minister of Manpower and Immigration…
Egyptian government considers IMF loan package again
October 5, 2011
Egyptian government considers IMF loan package again
The Egyptian government is considering an International Monetary Fund (IMF) loan package that was rejected in the past, said Deputy…
Finance minister urges government to abide by state budget allocations
October 4, 2011
Finance minister urges government to abide by state budget allocations
Finance Minister Hazem al-Biblawy on Tuesday urged the government to adhere to the allocations given in the state budget, and…
London lord mayor in Cairo for talks on bilateral cooperation
October 4, 2011
London lord mayor in Cairo for talks on bilateral cooperation
London Lord Mayor Michael Bear arrived in Cairo Tuesday morning, leading a delegation on a visit to Cairo that will…
Is the military council leading Egypt toward an economic crisis?
October 3, 2011
Is the military council leading Egypt toward an economic crisis?
Unless serious reforms are made now, the economy could be headed toward a crisis scenario, as more job seekers enter…
Finance Minister: Borrowing is the solution for financial crisis
October 3, 2011
Finance Minister: Borrowing is the solution for financial crisis
Local or foreign borrowing is the immediate solution to the financial crisis in Egypt, Finance Minister Hazem al-Beblawy said on…
Egypt ‘committed to free market’ after investor fears
October 2, 2011
Egypt ‘committed to free market’ after investor fears
Egypt's deputy prime minister said on Sunday that his country was committed to a free market economy, after the ownership…
IMF delegation to visit Egypt over future borrowing
October 2, 2011
IMF delegation to visit Egypt over future borrowing
International Monetary Fund (IMF) officials proposed to amend the conditions tied to Egypt’s request to borrow US$3 billion in June…