Business
Amid debt concerns, large World Bank projects continue
October 31, 2011
Amid debt concerns, large World Bank projects continue
As Egyptian civil society calls for the eradication of debts incurred under former President Hosni Mubarak, Egypt’s government continues to…
Egypt sells LE5 billion in T-bills, yields rise
October 30, 2011
Egypt sells LE5 billion in T-bills, yields rise
Egypt's Central Bank sold LE5 billion (US$837.55 million) in domestic treasury bills on Sunday, the same amount it had offered,…
Drop ‘dictator debt,’ activists and economists say
October 28, 2011
Drop ‘dictator debt,’ activists and economists say
Egypt has a budget deficit of nearly 10 percent of GDP and the finance minister recently said that the country…
Manpower minister calls for price control law
October 26, 2011
Manpower minister calls for price control law
Minister of Manpower Ahmed Hassan al-Borai, at a symposium on Tuesday, called for a unified law regulating wages and prices…
Egypt is facing financial crisis, says finance minister
October 26, 2011
Egypt is facing financial crisis, says finance minister
Egypt is facing a financial crisis that only foreign funding could help alleviate in the short term, Minister of Finance…
US expert: Leadership of ‘Military Inc.’ is running Egypt
October 26, 2011
US expert: Leadership of ‘Military Inc.’ is running Egypt
The Egyptian military’s economic interests have long been considered too taboo to discuss in the mainstream media, so little is…
International labor organization: Unemployment up more than 2%
October 25, 2011
International labor organization: Unemployment up more than 2%
Strikes and riots after the 25 January revolution caused unemployment in Egypt to rise about 2 percent, a director at…
Low-cost Turkish iron prompts Egyptian producers to cut prices
October 25, 2011
Low-cost Turkish iron prompts Egyptian producers to cut prices
Several Egyptian iron companies have slashed product prices for November in a move that workers attributed to falling international prices…
Egypt court sets next TMG court hearing for 22 November
October 25, 2011
Egypt court sets next TMG court hearing for 22 November
An Egyptian court on Tuesday set the next hearing in a land dispute case involving Talaat Mostafa Group (TMG) for…
Egypt negotiating US$3 billion loan with IMF
October 24, 2011
Egypt negotiating US$3 billion loan with IMF
A senior official at the Finance Ministry said on Monday that the Egyptian government is resuming negotiations with the International…