Business
Economy will recover once security is restored, say experts
January 10, 2012
Economy will recover once security is restored, say experts
Economists have forecast that the Egyptian economy will recover once the security situation in Egypt returns to normal. “Restoring security…
Egypt calls on Washington to fulfill pledges of economic aid
January 10, 2012
Egypt calls on Washington to fulfill pledges of economic aid
Egyptian Trade and Industry Minister Mahmoud Issa on Tuesday warned the United States and Arab states that they would lose…
Govt’s plan to reduce spending unfeasible, say experts
January 9, 2012
Govt’s plan to reduce spending unfeasible, say experts
The government’s plan reduce spending to offset the budget deficit is unfeasible, conventional and bureaucratic, experts have said. The plan…
Government reaches agreement with Arab investors over state-owned land
January 9, 2012
Government reaches agreement with Arab investors over state-owned land
Egypt’s government has reached a settlement with certain Arab investors regarding state-owned land they purchased from the Egyptian government at…
Law on maximum wages to become effective in February
January 8, 2012
Law on maximum wages to become effective in February
The law on a maximum wage for the public sector is to become effective in the beginning of February, an…
Central Bank: Foreign reserves hit 7-year low in December
January 8, 2012
Central Bank: Foreign reserves hit 7-year low in December
The Egyptian foreign reserves continued to decline in December 2011, standing at US$18.1 billion, the lowest it has been in…
Egypt’s foreign reserves drop to $18.12 billlion
January 5, 2012
Egypt’s foreign reserves drop to $18.12 billlion
Egypt's foreign reserves dropped to US$18.12 billion at the end of December from $20.15 billion a month earlier, the Central…
Government divided over IMF loan
January 3, 2012
Government divided over IMF loan
Government officials have issued conflicting statements regarding the economic reform program that was designed in return for a loan of…
Egypt to keep 2011/12 deficit on target, says finance minister
January 3, 2012
Egypt to keep 2011/12 deficit on target, says finance minister
Egypt will maintain its budget deficit at 8.6 percent of output for this financial year, its finance minister said on…
Egypt’s stock market up on 2012 optimism, Central Bank cancels auctions
January 2, 2012
Egypt’s stock market up on 2012 optimism, Central Bank cancels auctions
Optimism for the year ahead lifted Egypt's stock market on Monday and Egypt's benchmark index rose 1.6 percent as Egypt's…