Business

Egypt finance minister seeks $10 billion in funds

Egypt finance minister seeks $10 billion in funds

Egypt is seeking $10 billion in funding from global lenders and rich nations to cope with the costs of the…
Egypt seeks US debt forgiveness, minister says

Egypt seeks US debt forgiveness, minister says

Washington -- Egypt has asked the United States to forgive about US$3.6 billion in debt to help the country's new…
Egypt’s OT shareholders approve raising issued capital

Egypt’s OT shareholders approve raising issued capital

Shareholders in Egyptian group Orascom Telecom (OT) approved on Thursday a split of the company and a capital increase. OT…
EU approves new trade incentives for North Africa

EU approves new trade incentives for North Africa

Brussels--Exporters in North Africa, the Middle East and the Balkans will be able to sell goods to the European Union…
Egypt bans Citadel head, ex-PM from travel

Egypt bans Citadel head, ex-PM from travel

Egypt's public prosecutor has ordered a travel ban on private equity firm Citadel Capital  Chairman Ahmed Heikal and former Prime…
US official: US will help Egypt face economic challenges

US official: US will help Egypt face economic challenges

President Barack Obama’s administration is keen on supporting Egypt in the face of current economic challenges, said US Commercial Counselor…
Global labor organization urges Egypt to base minimum wage on prices

Global labor organization urges Egypt to base minimum wage on prices

The International Labor Organization (ILO) called on Egypt to set a minimum wage based on the average prices for the…
Mubarak’s detention spurs Egyptian stock market

Mubarak’s detention spurs Egyptian stock market

Egypt's benchmark stock index rallied moderately on Wednesday, gaining as investors hoped that the detention of former President Hosni Mubarak…
Chamber of Food Industries predicts drop in meat prices

Chamber of Food Industries predicts drop in meat prices

The Chamber of Food Industries, which is affiliated with the Federation of Egyptian industries, predicted meat prices will soon drop…
Govt negotiates with French company over gas price ceiling

Govt negotiates with French company over gas price ceiling

The Egyptian government is preparing to negotiate with a French gas company regarding Egypt's decision to cancel price limits on…
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