Business
Finance minister: Subsidies are Egypt’s greatest enemy
September 25, 2011
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
September 24, 2011
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
September 24, 2011
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
September 24, 2011
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
September 23, 2011
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
September 22, 2011
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
September 21, 2011
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
September 21, 2011
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
September 21, 2011
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
September 21, 2011
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…