Business
Citadel Capital chairman cleared of corruption charges
June 5, 2011
Citadel Capital chairman cleared of corruption charges
Citadel Capital chairman Ahmed Heikal returned to Cairo on Sunday after he was cleared of charges relating to a suspicious…
Test pumping of gas to Israel and Jordan to start this week
June 5, 2011
Test pumping of gas to Israel and Jordan to start this week
Petroleum Ministry sources said that the test pumping of natural gas to Jordan and Israel would be resumed this week,…
100,000 acres offered for agricultural investment in Sinai
June 5, 2011
100,000 acres offered for agricultural investment in Sinai
Minister of Agriculture and Land Reclamation Ayman Abu Hadid said that in two weeks time the ministry would be offering…
Finance Ministry to allocate LE13.5 bn to EGPC
June 5, 2011
Finance Ministry to allocate LE13.5 bn to EGPC
The Finance Ministry has earmarked LE13.5 billion for the Egyptian General Petroleum Corporation (EGPC) in the new state budget to…
Egypt seals US$3 billion IMF accord
June 5, 2011
Egypt seals US$3 billion IMF accord
The International Monetary Fund (IMF) agreed a US$3 billion financing deal with Egypt on Sunday and praised the policies of…
Experts expect interest rates to remain steady, inflation to rise
June 5, 2011
Experts expect interest rates to remain steady, inflation to rise
Economic experts expect the Central Bank of Egypt (CBE) to keep interest rates at their current levels to encourage investment…
IMF welcomes Egypt budget reforms, businessmen skeptical
June 4, 2011
IMF welcomes Egypt budget reforms, businessmen skeptical
The International Monetary Fund (IMF) welcomed the social reforms announced by the Egyptian government as part of the state budget…
Japanese govt loans Egypt LE300 million to complete Grand Egyptian Museum
June 3, 2011
Japanese govt loans Egypt LE300 million to complete Grand Egyptian Museum
The Japanese Government granted Egypt a LE300 million loan to complete the last phase of the Grand Egyptian Museum (GEM)…
Revolution leaves Egypt without dictator, but also without tourists
June 2, 2011
Revolution leaves Egypt without dictator, but also without tourists
As political turmoil and sectarian strife continue to afflict post-uprising Egypt, the tourism industry is struggling to get its high…
New taxes cause LE7.5 bn in losses on stock exchange
June 2, 2011
New taxes cause LE7.5 bn in losses on stock exchange
The main index of the Egyptian stock exchange fell by 2.6 percent on Thursday in response to the government levying…