Business

Egypt stock exchange: Beltone chairman to sell stake

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

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

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

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

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

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

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…
HSBC report: Egypt economy to rank 20th in world by 2050

HSBC report: Egypt economy to rank 20th in world by 2050

The size of Egypt’s economy will rank 20th in the world by 2050, according to a report issued by international…
Telecom Egypt plans dividend on deferred profits

Telecom Egypt plans dividend on deferred profits

Landline monopoly Telecom Egypt plans to issue a dividend of 30 piasters per share on deferred profits, the company said…
Minister: Egypt asked IMF for $3.2 billion loan

Minister: Egypt asked IMF for $3.2 billion loan

Egypt has asked the International Monetary Fund for US$3.2 billion in support, a government minister said on Monday, as the…
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