Business
Egypt seeking political consensus for IMF rescue
January 18, 2012
Egypt seeking political consensus for IMF rescue
WASHINGTON — Egypt is seeking to build a political consensus to back a much-needed financial support program from the International…
Egypt parties edge toward economic policy consensus
January 18, 2012
Egypt parties edge toward economic policy consensus
For a political movement that has just triumphed in elections, winning nearly half the seats in Egypt's first parliamentary polls…
Egypt entrepreneurs see new dawn post-revolution
January 18, 2012
Egypt entrepreneurs see new dawn post-revolution
Two months after mass protests ousted Egyptian President Hosni Mubarak last February, Ahmed Essam resigned from his job at a…
Egypt stock exchange: Beltone chairman to sell stake
January 18, 2012
Egypt stock exchange: Beltone chairman to sell stake
The chairman of Beltone Financial has agreed to sell his 20-percent stake in the Egyptian investment bank to Arabiyya Lel…
FJP announces plan to strengthen economy
January 18, 2012
FJP announces plan to strengthen economy
The Freedom and Justice Party (FJP) has an economic plan to reinvigorate the Egyptian economy and make it stronger than those…
Trade minister: Egypt open to trade talks with US
January 18, 2012
Trade minister: Egypt open to trade talks with US
Egypt's trade minister on Tuesday courted badly needed US investment with a promise Cairo would maintain open markets, and said…
IMF delegation head: We won’t impose conditions for loan
January 17, 2012
IMF delegation head: We won’t impose conditions for loan
The International Monetary Fund (IMF) will not impose conditions on Egypt in exchange for a loan of US$3.2 billion, Massoud…
Egypt signs US$200 million loan with World Bank
January 17, 2012
Egypt signs US$200 million loan with World Bank
The Egyptian government is signing an agreement with the World Bank for a loan of US$200 million, Minister of Planning…
National Bank of Egypt makes LE2 bln in profits, bad debts halve
January 17, 2012
National Bank of Egypt makes LE2 bln in profits, bad debts halve
National Bank of Egypt's total revenues for the fiscal year ending 30 June 2011 stood at LE4.2 billion, with a…
IMF loan is a first step for Egypt, rating agency says
January 17, 2012
IMF loan is a first step for Egypt, rating agency says
Egypt's request for a US$3.2 billion loan from the International Monetary Fund is encouraging, but such assistance will only have…