Business
Sources: Govt meeting with Saudi investors to settle investment issues
April 22, 2012
Sources: Govt meeting with Saudi investors to settle investment issues
The Egyptian government is holding secret meetings with Saudi investors whose businesses were nationalized after the 25 January revolution, sources…
34% decrease in volume of trade between Egypt, US in January 2012
April 20, 2012
34% decrease in volume of trade between Egypt, US in January 2012
Ezz Eddin Ashraf, Egyptian envoy to the United States, said that the volume of trade between Egypt and the US…
IMF head Lagarde: IMF loan for Egypt won’t be enough
April 19, 2012
IMF head Lagarde: IMF loan for Egypt won’t be enough
WASHINGTON, D.C. — Egypt's request for a US$3.2 billion IMF loan will not be enough to meet the country's financial…
Egypt sees Saudi financial help by end April
April 19, 2012
Egypt sees Saudi financial help by end April
Saudi Arabia will deposit US$1 billion at the Egyptian central bank and buy T-bonds worth $750 million by the end…
EGPC delays naphtha shipments after fire at refinery
April 19, 2012
EGPC delays naphtha shipments after fire at refinery
Egyptian General Petroleum Corporation (EGPC) has delayed naphtha shipments for April after a fire at its 146,300 barrels-per-day Nasr refinery…
Amid looming France Telecom buyout, stock exchange suspends trading of Mobinil and OTMT shares
April 19, 2012
Amid looming France Telecom buyout, stock exchange suspends trading of Mobinil and OTMT shares
The Egyptian Stock Exchange has suspended trading of shares of mobile operator Mobinil and Orascom Telecom Media and Technology (OTMT)…
Industrial deal focus of Israeli talks in Cairo, Amman
April 18, 2012
Industrial deal focus of Israeli talks in Cairo, Amman
A delegation from the Israeli Foreign Ministry traveled to Amman on Wednesday following a one-day visit to Cairo, where they…
With headquarters’ move, Egypt Exchange disconnects from heart of the city
April 17, 2012
With headquarters’ move, Egypt Exchange disconnects from heart of the city
When officials cut the ribbon in front of the doors of the new headquarters for the Egyptian Exchange on 12…
LE114 billion to be allocated for subsidizing petrol in the new budget
April 17, 2012
LE114 billion to be allocated for subsidizing petrol in the new budget
Executive director of the Egyptian General Petroleum Corporation (EGPC) Hani Dahi said subsidies allocated for petroleum products will jump to…
Finance Ministry to offer LE2.5 bn in reopened bonds
April 17, 2012
Finance Ministry to offer LE2.5 bn in reopened bonds
The Finance Ministry will offer LE2.5 billion (US$414.1 million) in reopened bonds at an auction on 23 April, the Central…