Business
Government prepares to sell US$2 bn in Islamic bonds, says scholar
February 14, 2012
Government prepares to sell US$2 bn in Islamic bonds, says scholar
The government, seeking to head off a funding crisis, is preparing to raise about US$2 billion through its first issue…
Stock exchange asks OTMT for details on Mobinil deal
February 14, 2012
Stock exchange asks OTMT for details on Mobinil deal
Egypt’s stock exchange has asked Orascom Telecom Media and Technology for more details on a deal for France Telecom to…
Looming devaluation of Egyptian pound may have lasting effects
February 13, 2012
Looming devaluation of Egyptian pound may have lasting effects
With a loan deal between Egypt and the International Monetary Fund still uncertain and foreign investors still wary of returning,…
Orascom Telecom to pay dividend from Mobinil proceeds
February 13, 2012
Orascom Telecom to pay dividend from Mobinil proceeds
Egypt's Orascom Telecom Media Technology (OTMT) said on Monday it would give shareholders much of the US$1 billion it stands…
Bloomberg: Egypt to offer US$2.5 bln in bonds
February 13, 2012
Bloomberg: Egypt to offer US$2.5 bln in bonds
In two weeks, the Egyptian government will offer bonds worth US$2.5 billion, Bloomberg News Network reported on Monday. In the…
US Chamber of Commerce supports reducing Egypt’s debt
February 13, 2012
US Chamber of Commerce supports reducing Egypt’s debt
An official from the US Chamber of Commerce in Cairo on Sunday called for a campaign to reduce Egypt’s…
In the dangerous profession of brick-making, talk of organizing
February 13, 2012
In the dangerous profession of brick-making, talk of organizing
About 1 million workers employed in Egypt’s brick-manufacturing industry face constant threats of unemployment, exploitation, serious injury, illness and…
France Tel, Sawiris reach accord on Mobinil
February 13, 2012
France Tel, Sawiris reach accord on Mobinil
PARIS — France Telecom has reached a preliminary accord to buy out most of Egyptian tycoon Naguib Sawiris’ stake in…
Finance minister: Egypt needs US$11bn for economic reform program
February 10, 2012
Finance minister: Egypt needs US$11bn for economic reform program
Egypt will need about US$11 billion to finance an economic reform program over the next few years, said the finance…
Dented economy haunts Egypt a year after revolt
February 10, 2012
Dented economy haunts Egypt a year after revolt
A year after Egypt overthrew Hosni Mubarak, the poor state of the once-growing economy of the Arab world's most populous…