Business
IMF delegation arrives in Cairo to negotiate loan agreement
January 16, 2012
IMF delegation arrives in Cairo to negotiate loan agreement
A delegation from the International Monetary Fund arrived in Cairo on Monday led by Massoud Ahmed, director of the IMF's…
As Egypt returns to IMF, transparency still lacking
January 15, 2012
As Egypt returns to IMF, transparency still lacking
Though largely billed as the country’s best and last hope to balance a growing budget deficit and to alleviate a…
Suez Canal earnings top $5bn for 2011
January 15, 2012
Suez Canal earnings top $5bn for 2011
Egypt's Suez Canal Authority earned 5.22 billion dollars in revenues 2011, almost half a billion dollars more than the revenues…
Railways authority estimates 2011 losses at LE70 million
January 13, 2012
Railways authority estimates 2011 losses at LE70 million
The Egyptian Railways Authority has lost about LE70 million from 28 January 2011 to 10 January 2012, according to an…
IMF sending mission to Egypt for aid negotiations
January 12, 2012
IMF sending mission to Egypt for aid negotiations
The International Monetary Fund confirmed Thursday it was sending a mission to Egypt to discuss possible financial aid to the…
Central Bank denies holding $9 billion in secret Mubarak accounts
January 12, 2012
Central Bank denies holding $9 billion in secret Mubarak accounts
Egypt's Central bank denied on Thursday that ousted Egyptian President Hosni Mubarak has US$9 billion deposited there. Former deputy head…
Brotherhood forms business association to attract investment
January 11, 2012
Brotherhood forms business association to attract investment
The Muslim Brotherhood will form a business association to attract investment in Egypt’s economy, the group has announced. The Brotherhood…
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…