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Finance minister: Subsidies are Egypt’s greatest enemy

Finance minister: Subsidies are Egypt’s greatest enemy

Subsidies are Egypt's greatest enemy in the transitional period, Finance Minister Hazem al-Beblawy has said, claiming that the government is…
Dubai World sets conditions for resumption of work at Sokhna Port

Dubai World sets conditions for resumption of work at Sokhna Port

Port operator DP World, owned by Dubai World, on Saturday laid down several conditions for the resumption of work at…
Arabs may buy Egypt debt to cut highest yield since 2008

Arabs may buy Egypt debt to cut highest yield since 2008

Arab governments or their investment arms may soon buy Egyptian treasury bills to help the government reduce the highest borrowing…
Egypt asks US business for help, urges investment

Egypt asks US business for help, urges investment

WASHINGTON - Badly in need of cash flow, Egypt appealed on Friday to the US business community to help the…
Tourism workers to face Islamists

Tourism workers to face Islamists

Statements by prominent Islamists expressing their intent to create regulations for tourism in Egypt have prompted tourism workers to begin…
Egypt’s EGPC offers 15 blocks in latest bid round

Egypt’s EGPC offers 15 blocks in latest bid round

State-owned Egyptian General Petroleum Corporation (EGPC) said it was offering 15 blocks in its 2011 oil and gas bid round.…
New director of Egyptian Stock Exchange appointed but not informed

New director of Egyptian Stock Exchange appointed but not informed

Prime Minister Essam Sharaf announced on Wednesday the appointment of Mohamed Omran as the new director of the Egyptian Stock…
Egyptian firms struggle as political uncertainty hits economy

Egyptian firms struggle as political uncertainty hits economy

When the chief executive officer of Mobinil, one of Egypt's largest telecommunications firms, tries to plan his budget for 2012,…
Finance minister says Egypt won’t ask for IMF, World Bank loans

Finance minister says Egypt won’t ask for IMF, World Bank loans

Egypt will not approach the International Monetary Fund (IMF) or the World Bank for loans, Finance Minister Hazem al-Beblawy said…
Egypt T-bill yields surge, foreign cash may be needed

Egypt T-bill yields surge, foreign cash may be needed

Yields at Egyptian Treasury bill auctions have hit levels last seen during the 2008 global financial crisis and traders said…
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