Business
Suez Canal sees record revenues
August 23, 2012
Suez Canal sees record revenues
Lieutenant General Mohab Mamish, Suez Canal Authority chairman, said that the canal hit a record in daily revenue Thursday with…
Lagarde, Qandil hope for IMF deal before end of year
August 22, 2012
Lagarde, Qandil hope for IMF deal before end of year
The Egyptian government has entered negotiations with the International Monetary Fund for a US$4.8 billion loan, Prime Minister Hesham Qandil…
Egypt says formally requests US$4.8 bn IMF loan
August 22, 2012
Egypt says formally requests US$4.8 bn IMF loan
Egypt has formally requested a US$4.8 billion loan from the International Monetary Fund, a spokesman for its president said on…
State bank to drop small farmers’ debts
August 21, 2012
State bank to drop small farmers’ debts
The state-owned Agricultural Development Bank will drop the debts of some 41,000 farmers as of next week, the bank's director announced Tuesday.…
IMF chief arrives in Cairo to discuss loan
August 21, 2012
IMF chief arrives in Cairo to discuss loan
Christine Lagarde, managing director of the International Monetary Fund, arrived in Cairo Tuesday for a two-day visit to hold talks…
Central bank official: Foreign reserves may hit US$21.2 bn
August 21, 2012
Central bank official: Foreign reserves may hit US$21.2 bn
An official at the Central Bank of Egypt told a state-run paper that he predicted the country's foreign reserve…
EgyptAir assigns larger plane for Syria flights
August 19, 2012
EgyptAir assigns larger plane for Syria flights
Head of EgyptAir Ayman Nasser said that larger planes would head to Damascus and Aleppo to accommodate larger numbers…
Inside the stock market of commercials
August 18, 2012
Inside the stock market of commercials
Besides soaps, talk shows and religious segments, which are common features of the Ramadan media diet, a sprawling amount of…
Hotel occupancy drops 15 percent in Sinai after attack
August 18, 2012
Hotel occupancy drops 15 percent in Sinai after attack
Tourism Minister Hesham Zaazou said hotel occupancy dropped by 15 percent in Sinai just 48 hours after the Rafah attack.…
Mobinil executive: State attempting to monopolize market
August 15, 2012
Mobinil executive: State attempting to monopolize market
The deputy chairman of Egyptian mobile service provider Mobinil, Ashraf Halim, has criticized the Egyptian government for plans to directly…