Business
750,000 sheep and cattle worth LE2.75 billion slaughtered for Eid
October 30, 2012
750,000 sheep and cattle worth LE2.75 billion slaughtered for Eid
Veterinarians Syndicate President Sami Taha has said that 500,000 sheep and 250,000 cattle were slaughtered for Eid al-Adha. Official sources…
Egypt cuts size of T-bill auction ahead of IMF visit
October 30, 2012
Egypt cuts size of T-bill auction ahead of IMF visit
Egypt reduced the size of a treasury bill auction on Monday in a what may be a sign that a…
Egypt secures vital oil supplies for rest of year
October 29, 2012
Egypt secures vital oil supplies for rest of year
LONDON — Egypt has secured oil supplies for the rest of the year, despite fears about its ability to make…
State losing billions on energy subsidies, says minister
October 29, 2012
State losing billions on energy subsidies, says minister
The delay in implementing energy subsidy cuts is costing the state LE10 billion every three months, claimed Petroleum Minister Osama…
In Egypt’s gas industry, foreign investors rule
October 29, 2012
In Egypt’s gas industry, foreign investors rule
Since explorers first found natural gas beneath Egypt’s sand and water, the government has struggled to manage its relationship with…
Demand grows and inequalities widen in Egypt’s gas industry
October 29, 2012
Demand grows and inequalities widen in Egypt’s gas industry
The simple act of turning on a stove can mean two very different things for Egyptian families. In one case,…
Foreign reserves likely up US$300-400 mn, newspaper says
October 29, 2012
Foreign reserves likely up US$300-400 mn, newspaper says
Foreign reserves probably rose US$300 million to $400 million in October thanks to loans from Qatar and Turkey, state-run Al-Gomhurriya…
In economic flux, Islamic banking and finance are gaining ground
October 26, 2012
In economic flux, Islamic banking and finance are gaining ground
The economic stagnation of the past year and a half has taken a toll on many businesses, but a fleet…
IMF team to resume talks in Egypt next week
October 24, 2012
IMF team to resume talks in Egypt next week
An International Monetary Fund team will arrive in Cairo next week to resume discussions on a US$4.8 billion loan that…