Business
IMF to resume talks with Egypt after election
June 15, 2012
IMF to resume talks with Egypt after election
IMF spokesperson Gerry Rice said Friday that the fund is ready to support Egypt during the transitional period and plans…
Central Bank to start 28-day repos in July
June 15, 2012
Central Bank to start 28-day repos in July
Egypt's Central Bank will introduce 28-day repurchase agreements (repos) on 10 July, a move one banker said was designed to…
In new region, EBRD told to proceed with caution
June 13, 2012
In new region, EBRD told to proceed with caution
Under Hosni Mubarak’s 30-year reign, “the private sector” and “privatizations” became politically laden terms associated with a circle of businessmen…
Finance Ministry transfers US$200 million to petroleum corporation
June 12, 2012
Finance Ministry transfers US$200 million to petroleum corporation
The Finance Ministry on Tuesday transferred US$200 million to the Egyptian General Petroleum Corporation to finance the import of petroleum products,…
Govt report: Total value of exports LE182.6 bn in 2011, up from 2010
June 12, 2012
Govt report: Total value of exports LE182.6 bn in 2011, up from 2010
The total value of Egyptian exports was LE182.6 billion in 2011, up from LE154.8 billion in 2010. The annual bulletin…
Islamists draft code to boost Islamic banks
June 12, 2012
Islamists draft code to boost Islamic banks
The political party of the Muslim Brotherhood, which has the biggest bloc in Parliament, is proposing changes to the banking…
Shura Council committee asks US to forgive Egypt’s debt
June 11, 2012
Shura Council committee asks US to forgive Egypt’s debt
The United States should exempt Egypt from debts that account for 10 percent of its foreign financial obligations, said Mohamed…
Orascom Construction net income drops 54 percent
June 11, 2012
Orascom Construction net income drops 54 percent
Egypt's Orascom Construction reported a 54 percent fall in first-quarter net income on Monday, partly due to the sale of…
Central Bank: Balance of payments deficit at US$11.2 bn, inflation 7.2%
June 10, 2012
Central Bank: Balance of payments deficit at US$11.2 bn, inflation 7.2%
Egypt's balance of payments slid deeper into the red in the first nine months of 2011–2012 with a deficit of…
Spain to seek bailout up to 100 billion euros in days: sources
June 9, 2012
Spain to seek bailout up to 100 billion euros in days: sources
BRUSSELS - Spain will request aid from its euro zone partners of up to 100 billion euros but not…