Business
Egypt market plunges after deadly football riots
February 2, 2012
Egypt market plunges after deadly football riots
Egypt's benchmark stock index plunged within minutes of the start of trade Thursday as deadly soccer riots the night before…
EU pledges US$650 million in aid to Egypt
February 1, 2012
EU pledges US$650 million in aid to Egypt
The European Union will give Egypt a financial aid package worth US$650 million, Egyptian Minister of Finance Momtaz al-Saeed said…
Direct foreign investments rise in first quarter of FY2011/12
February 1, 2012
Direct foreign investments rise in first quarter of FY2011/12
Direct foreign investments (FDI) in Egypt in the first quarter of fiscal year 2011/2012 have more than tripled, increasing by…
Govt: Poverty rate increased to 25.2 percent of population
January 31, 2012
Govt: Poverty rate increased to 25.2 percent of population
Egypt's poverty increased to encompass 25.2 percent of the population in 2010-2011 as compared to 21.6 percent in 2008-2009, the…
Minister: Canceling industrial zone agreement would harm Egypt
January 30, 2012
Minister: Canceling industrial zone agreement would harm Egypt
Canceling an agreement that allows companies to export products with Israeli components duty-free to the US would harm Egypt, Trade…
Government devises new economic reform program
January 29, 2012
Government devises new economic reform program
The government has put the final touches on a new economic reform program to resolve the current economic crisis. Government…
Egypt’s stock market rallies after peaceful demonstrations
January 29, 2012
Egypt’s stock market rallies after peaceful demonstrations
Egypt's stock exchange continued its rally on Sunday after a 7 percent surge in the previous session on relief that…
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
January 26, 2012
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
Egypt plans to officially apply for US$1 billion in loans from the World Bank and the African Development Bank, the…
Qatar waiting for ‘stability’ before launching Egypt investment projects
January 26, 2012
Qatar waiting for ‘stability’ before launching Egypt investment projects
Qatar has not invested the promised US$10 billion in Egypt due to the latter’s instability, said Qatari Foreign Minister Khaled…
Farmers in limbo after stalled promises of loan forgiveness
January 26, 2012
Farmers in limbo after stalled promises of loan forgiveness
In a speech made in the midst of December clashes between protesters and military and security forces, Prime Minister Kamal…